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Starting up a business in the UK as a Tier 1 entrepreneur

Many would be business owners are interested in moving to the UK. The country has a rich history of strong commerce and is one of the major players in global business. For those who are not EU Nationals, coming to the UK in order to set up a business is not exactly straightforward. For those who are from outside of the EU, they will need to gain a type of visa that allows them to come to the UK in order to live and work. the most suitable route for this is often the Tier 1 Entrepreneur Visa. In this article, will look at the tier 1 entrepreneur visa in a little more detail, covering questions such as whether you need sponsorship and the eligibility criteria for it.

Do I need sponsorship for a Tier 1 Entrepreneur Visa?

No, you do not need a sponsor to gain a Tier 1 Entrepreneur Visa. You will though need to meet a strict set of criteria to gain the visa. the Tier 1 Entrepreneur Visa is one of the few visas that does not require any sort of sponsorship, but it does require a significant amount of information such as a detailed business plan and your current financial situation so that this can be assessed.

Therefore for those who are looking to set up a business in the UK, the Tier 1 Entrepreneur Visa offers the best option. As long as you have £200,000 available to start a business and a suitable business plan, you can apply for a visa which gives you the right to live and work on your business in the UK for an initial period of 3 years and 4 months. This can be extended, and once you reach 5 years in the UK, you will be able to apply for Indefinite Leave to Remain (ILR). You are also able to bring family members to the UK to live with you.

What type of businesses can I own on a Tier 1 Entrepreneur Visa?

There is no set criteria for businesses that are not allowed under the Tier 1 Entrepreneur Visa scheme. as long as you have the £200,000 available and a coherent business plan that has been well researched, you will stand a very good chance of success receiving a visa. This means that as long as your business is legal and likely to make money, you should be able to convince the Home Office that you are able to make a success of the business.

As part of the application, you will need to have an interview with a Home Office official. During this interview you will need to explain your business and this is where a very well structured business plan is necessary. This official will have the final say on whether you can come to the UK and you need to ensure your business plan is crafted well. We can help with this. If you need a business plan then please get in touch and we can help.

What is the eligibility criteria for a Tier 1 Entrepreneur Visa?

The eligibility criteria for a Tier 1 Entrepreneur Visa is as follows:

  • At least £200,000 in seed funds that are held in an appropriate financial institution
  • English language requirement
  • Able to self-support during your stay

As long as you can meet this criteria then you'll be eligible to apply for a visa. You will also need to create a strong business plan that will be analysed and you will likely need to attend an interview with an official from the Home Office who will go through the plan and your finances to ensure that you are indeed eligible to apply for the visa. If they are satisfied that you are indeed a genuine applicant, they will then progress your application.

It is important that you keep all documentation related to the business safe and together as you may need to be able to prove quite a lot of information. We can help you to make sure that you have all the right documents and can also help with your application. For more information, please get in touch and we'll be happy to help you get started.

How do I apply for a Tier 1 Entrepreneur Visa?

To apply for a Tier 1 Entrepreneur Visa you must apply online. The online portal will gather all of the relevant information and then you will be required to pay the appropriate application fee. UK Visas and Immigration (UKVI) will keep you updated to the progress of your application and will inform you if you are required to provide any more information, come in for an interview or if there are any delays to your application. Applications normally take in the region of 8 weeks and this will depend heavily upon the current workload at the Home Office - clearly in the lead up to Brexit, the Home Office will be extremely busy and we suggest that it will take longer than 8 weeks for most applications to be processed. You will be informed of expected delays and it may be worth giving yourself a few months to get your application through. If you would like to know more about the application process for the Tier 1 Entrepreneur Visa then please get in touch.

Where can I get more help?

For more information on the Tier 1 Entrepreneur Visa or if you have any other immigration query then please get in touch. Our experienced team of immigration specialists can help with your application queries and help you to create an excellent business plan that will help to support your application. We have a long history of helping would be entrepreneurs to move to the UK and we can certainly help you. So, for more information or to get started using our services, please get in touch.

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Investing over 2 million pounds is defintely not a routine decision. We had to make sure that the Tier 1 investor immigration lawyers london that we would be picking has to be one of the best within the Tier 1 investor category. We contacted Reiss Edwards and they were able to get us not only the Tier 1 investor visa but also suggested profitable investment portfolios in addition to what we already had in mind.
The Home Office refused my Tier 1 Entrepreneur extension application. This meant that my family and i would have to go back to Jordan and my business would close down. I needed a good immigration lawyer to put in a very strong appeal. I approached Reiss Edwards based on a friend's recommendation and they put together a very strong appeal. I read the grounds of appeal and I knew that this was a winner. A big thanks to Joe who worked tireless on my appeal.
I am glad that i instructed Reiss Edwards on my visa matter.

It started with a 20 minutes free immigration advice. I met with Amar to discuss my ILR refusal. He gave me a great deal of quality advice and decided to take on my messy case. I had doubts on the merits of my case by he was relatively convinced he could win it. That made me quite secure.

To be honest, things did not start as quick as I would have wanted, but they kept on communicating the process and state of things to me

A big thank you to Verusha and Foram. They were also very helpful. Brilliant and informative.

Their fee was fair and reasonable, especially if you compare them to other law firms and immigration law firms in London; some of whom even told me that i would not be able to get an indefinte leave to remain in this country.

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I have just had British Citizenship application approved. Prior to making the application, i was not sure which law firm i should hire to facilitate the paperwork. After a few hours of research, i decided to go with Reiss Edwards and i must confess that i wasnt disappointed.

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Fantastic Solicitors!!!

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The team of lawyers at Reiss Edwards are very professional and friendly people. Their experience in and around UK immigration law is quite extensive; be sure that you application is in safe and competent hands. My immigration matter was an indefinite leave to remain application based on Tier 1 on a self-employment basis. The immigration lawyers at Reiss Edwards made sure that the application was perfect and ready to be accepted. I got a positive decision and I recommend them highly for anyone who needs a UK immigration help.
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I used Reiss Edwards for my Tier 2 visa application and it was successful. The team was ever present and happy to answer my question.

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My Tier 1 Investor Visa was dealt with quickly and without issue. Would recommend Reiss Edwards as an Immigration law firm in London. Thank you to the team.
I contacted Reiss Edwards to help me with my wifeÂ’s UK settlement visa. They acted with utmost professionalism throughout the entire application. I spoke with Joe Dinh, he is an immigration solicitor and he is one of the best solicitors out there. He ensured that there was little to no room for error. At some point I thought he was over cautious. He remained calmed and continued to assure us on our immigration matter. Most people in his position would have panicked but he was calmed and continued to assure us. We received out positive outcome very quickly.

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I have been using Reiss Edwards for three years now for my family's immigration application. Both for my initial application and extension. They are really affordable. The team of solicitors at this firm are probably one of the most efficient and economical in terms of cost. They offered free advice over the phone and spent good time with us before inviting us for consultation.

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Reiss Edwards is a top notch immigration service company. The way they handled our documentation and also the list of documents they sent was efficient and top quality. They helped us professionally throughout the process. We are very happy with the immigration advice we received from the team. We highly recommend them.

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I used Reiss EdwardsÂ’ immigration lawyers to assist with my immigration matter and that of my family. It was an EX1 application. They dealt with the matter properly and even when complications were coming up from the Home Office, they helped resolve the issue properly. They are very professional and are very popular in London. I am happy to have worked with them.

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It's a shame that you dont have an 'Excellent' star rating on here, as my experience with Reiss Edwards is nothing short of an excellent rating. They handled my application for an Indefinite Leave to remain in April 2014 and did my husband's one very recently including my daughter. Every time i have approached them, they have continued to treat me with courtesy, respect and patience. Amar was indeed a very thorough and professional gentleman. He is very knowledgeable, corporative and engaging. He responded to my emails, calls and enquiries promptly. He was always reassuring. I could not have asked for a better Immigration service.

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Kind regards
Nancy Jacquard

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