The Tier 1 Entrepreneur Visa is a highly prized visa. Due to its generous conditions and ability for holders to extend their visa eventually leading to the option of permanent stay, the Tier 1 Entrepreneur Visa is a popular route for those looking to move to the UK in order to start a business of their own, or to invest in/take over an existing business. In this article we are going to look at the option of investing in an existing business. We will look at the types of business that you can invest in and help you to decide the most appropriate route for you in order to make a success of your stay in the UK.
Yes you can. The name of the visa implies that there is an entrepreneurial pursuit. While the visa is very much aimed at those coming to the UK in order to start a business of their own, there is also the option to take over a business that already exists in the UK. This of course is also an entrepreneurial pursuit and that is why it is eligible under the terms of the Tier 1 Entrepreneur Visa. There are certain types of business that may not be well suited to this type of investment: clearly anything illegal is out of the question.Â You will also still be required to show a business plan for the business that you intend to take over.
Many may believe that by taking over an existing business, they will not need to show a business plan - this is not true. You will need to show that you are a â€œgenuine entrepreneurâ€ and to do this, a business plan is still by far the best way of doing so. If you get in touch, we can help to discuss your case to see what type of business plan is most suited to your particular type of application. Once we decide what type of business plan is required, we will then help to source a plan that is ideally suited to your intended situation.
The guidance can be somewhat patchy on the types of business that are suited to a Tier 1 Entrepreneur Visa application. Of course if there is any illegality then this will clearly not be suitable for the situation. The best type of business is going to be one that has a clear path to growth. This will need to be demonstrated to immigration officials whose job it is to determine how genuine the application is. A business with a strong record of growth and well presented accounts is certainly going to be easier to explain to an immigration official than one that has not. This is where a strong business plan really comes into its own. We can assist in the preparation of a business plan and ensure that it is presented ideally to make it easy to see the growth potential that can come from your investment.
The main issue with the process of applying for a Tier 1 Entrepreneur Visa is that immigration officials are not business people. With this in mind, you will need to ensure that your business plan and relevant documents display the business in an ideal light. Your business plan will also need to be able to be easily understood by an immigration official. The specificity of the business plan required for immigration means that you should work alongside an expert team in the creation of it. We can help to ensure that you get that help.
The answer to this really depends on the individual situation. If you have a business idea of your own that is really solid and liable to grow then that may indeed be a better option. It all really depends on what you want. Many applicants do not have a business idea of their own but see the opportunity in a business that is already running - this is still entrepreneurial. Then for those that have an idea that may not stand up to much scrutiny, there is always the option of taking over an existing business. For these entrepreneurs, there is always the opportunity of launching their own business at a later date - this will be much easier to do if they are already based in the UK running a business.
The answer really is not simple as to whether you should start your own business or take over a running one. This is where our experts can help. We can give you advice from our knowledge and experience of immigration law. We can also help to put you in touch with business experts who can not only help you to decide on which direction you should take, they can also help with putting together business plans. Using a wide array of expertise can only help in this situation - and our team can help to ensure that you have access to all of the expertise that you could possibly need in order to make the right strategic decisions for your future.
If you need more help with a Tier 1 Entrepreneur Visa application then please get in touch. Our experienced team of immigration professionals can help to ensure that you get the exact advice that you need in order to make not only a successful application, but also to have success once you relocate to the UK. So get in touch today and let our team help you on the first step towards your future.
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. I would recommend them over and over again for anyone looking for an immigration advice. They gave me a free immigration advice when i called them, and the quality of the advice was something other charge thousands for. If you need a particular, name, Amar would be it. He exemplifies, for me, the true, professional gentleman. He is a valuable asset to Reiss Edwards.
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. The process was long but was worth it. In the end, a big thank you to Reiss Edwards.
Investing over 2 million pounds is defintely not a routine decision. We had to make sure that the Tier 1 investor immigration lawyers that we'd 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.
TI 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. The immigration lawyers at Reiss Edwards handled my case well and they really knew what they were doing. They were fully aware of what documents I needed and it was easy for them to tell if my case was going to be easy or not. At the end of the day, I have not received my British citizenship within 3 months. If anyone is looking for a good immigration lawyer to handle thier case, contact Reiss Edwards.
My wife's spouse visa extension application was refused by the Home Office and they gave her 14 days to leave the country. We contacted Reiss Edwards and they said "OK don't worry we will sort this out". They put together the list of documents for me to obtain and they prepared a bundle which was as thick as the printer it came out from.We followed everything they asked us to do and in the end we won our appeal and got our spouse visa. We can't recommend them enough and we have promised ourselves never to make any more UK visa applications without them.
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.
I contacted Reiss Edwards to help me with my wife'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.
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.
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.
I used Reiss Edwards 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.
This is the only firm that i spoke with that didn't ask for money before listening to me, will be using them again.
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. The caseworker that dealing with my case went on holiday yet by case did not suffer one bit. Another lawyer stepped and took over the case without any hassle.
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.
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