Second Business As Tier 1 Entrepreneur
Searching through internet forums there seems to be some confusion over how many businesses you can start while on a Tier 1 Entrepreneur Visa. In this article, we look at the process of starting a second business as a Tier 1 entrepreneur. We try and straighten out some of the misconceptions around the subject and offer some practical advice.
We understand that some of the guidance isn't specific in this area, but with our experience, we can help get you the answers to the query. If there is anything unclear in this article then please get in touch and we'll be happy to advise you.
Is it possible to start a second business as a Tier 1 entrepreneur?
Absolutely! Your visa is granted on your original business idea, but there is nothing to stop you starting a second business as long as you maintain your original business. If it is successful it may convince the Home Office of your abilities as an entrepreneur.
You will need to ensure that the maintenance of your original business is kept on top of. You will be able to start a second business, but officials will still be interested in your original business as that is the one that you had your visa granted for.
Are there any specific considerations that I need to be aware of?
There is nothing specific in the guidance, but it may be an idea to get in touch with us if you have any concerns as to your Tier 1 status or your original business is likely to be affected by the new one.
We are well placed to advise you on a wide range of immigration issues including Tier 1 visas. So, if you have a query, get in touch today to see how we can help put your mind at ease going forward.
Will it negatively affect my prospects?
As long as it doesn't affect your original business then having a second business could well be a positive factor on your immigration status. We will investigate this idea further on in the article.
If anything it should have more of a positive effect on your prospects going forward and help to ensure that your entrepreneurship continues.
What about the effect on gaining indefinite leave to remain?
This is potentially a tricky area and is worth calling us about if you are unsure. Every situation is different and we would need to know more information about your businesses to advise on this.
As long as you have kept to your visa conditions, starting a second business should at the very least not do any harm to your prospects.
How can we help?
Our immigration specialists can help with your immigration queries. We have years of immigration experience and we are well versed in helping people just like you with their immigration queries. So get in touch today to see how we can help you and your business.