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Tier 1 Entrepreneur Visa Eligibility

For entrepreneurs looking to set up a business in the UK there are few options but by far the best and most well used one is the Tier 1 Entrepreneur Visa. The Tier 1 Entrepreneur Visa gives those who have a business idea and funding to start a business in the UK. It also allows them to move to the country to work on setting up their business and running the business once it's up and running. In this article, we look at the Tier 1 Entrepreneur Visa in more detail and look at who is eligible for the visa.

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

There are several different bridges that you will need to cross in order to be eligible for a Tier 1 Entrepreneur Visa, among these and probably most importantly is having seed funding for your business - this will need to be available to yourself and based in a UK financial institution.

There are two levels of funding that can be used to apply for a Tier 1 Entrepreneur Visa and you will need to fall into one of the categories in order to be eligible to apply for a Tier 1 Entrepreneur Visa. The lower value is a £50,000 seed funding level and it is required to come from very specific sources, for everybody else there is the £200,000 investment route and the rules on this particular route and its source of funding are far less stringent.

What other eligibility criteria do I need to meet?

As well as the seed funding, you will also need a solid business plan. This plan is submitted alongside your application and is used to determine the viability of your business. You will need to provide all necessary documentation that pertains to your proposed business and your business plan should be a concise overview of your business, the way it will run, the market it operates in and the profit that is expected to generate.

The lack of a clear and coherent business plan that is believable and has been well costed will, in all likelihood, prevent a successful application. There are many templates on the internet for a business plan for a Tier 1 Entrepreneur Visa but we would urge significant caution in using these as it is likely that any official will be familiar with them and be able to tell that you have used one very easily. If they suspect that you have, then in all likelihood your visa application will be turned down.

You will also need to prove that you have a high level of English skill and that you can support yourself - this is in keeping with many other visa routes and it shows that you are financially prepared and have your business in order.

How do I write the business plan for a Tier 1 Entrepreneur visa?

If you speak to us, we can help you to have the ideal business plan for your business created. We can refer you onto some of the best people around and ensure that you are in safe hands. You must not take risks with your business plan and must ensure that it has been written correctly and that it suits your business. Once you have put your application through you will not be able to change it, so you must ensure that it is done correctly first time around. Please get in contact with us if you would like us to check your application over and we can help with that.

How long does the application take to be processed for a Tier 1 Entrepreneur Visa?

Like many other UK visas, the standard wait time for processing a Tier 1 Entrepreneur Visa is around 8 weeks. Depending on how busy they are, this can be longer or shorter than this. 8 weeks is just an average time and not necessarily an accurate indication of how long your specific application will take - certainly if there are any extenuating circumstances or anything that needs to be made clear further down the line this will more than likely significantly delay the progress of your application.

How much does it cost to apply for a Tier 1 Entrepreneur Visa?

It costs at least £927 to apply for a Tier 1 Entrepreneur Visa - on top of this you would need to factor in the cost of the Immigration Health Surcharge which is applied and will also need to be paid for at the time application. You will need to make a complete payment for the total at the application phase, this will then allow you to access free at the point of use healthcare in the UK for the duration of your stay here. This includes access to general practitioners and all NHS hospitals in the UK and you will not be required to pay for treatment any of these apart from prescriptions.

How do I apply for a Tier 1 Entrepreneur Visa?

You can apply online for a Tier 1 Entrepreneur Visa and you will need to ensure that all of your documents are in order and if you need any help with this please get in touch and we can check out your application for you.

How we can help

Our immigration specialists are highly trained in dealing with Tier 1 Entrepreneur Visa applications and can help you to create your application and also help to bring together all of the documents that are required and even submit your application on your behalf. If the worst happens and you are turned down then we can even help if you want to take it to appeal.

So for more information or to get started using our services please get in touch today and we can begin to work on your case.

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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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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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