The Tier 1 Entrepreneur Visa UK is used by prospective entrepreneurs to enter the UK and start their business. You can also apply for this visa if you intend to go to the UK to take over a company already trading.
Those seeking to pursue this route must be actively involved in the running of the business (or businesses) in the UK. It offers opportunities for those setting up a business as a sole trader, in a partnership or as a UK-registered company. For your application for a Tier 1 Entrepreneur Visa to be successful, you must score a total of 95 points and meet all the other requirements under the Immigration Rules. You can score points by having access to not less than £200,000 (or £50,000 if applying as a graduate entrepreneur).
How can Reo Visa help?
Reo Visa has immigration lawyers across the India and UK who are experienced in professional immigration applications. Your personal lawyer will review your business plan, coach you on the interview with the Home Office and make sure your application forms are completed to the highest possible standard.
The Tier 1 Entrepreneur Visa success rate is one of the lowest among UK visas. By using our specialist service, you will be in the best position possible to be successful in your application. For tailored, expert Tier 1 Entrepreneur guidance call +91 90 2333 2333 or make an enquiry online today.
Before you apply as a Tier 1 Entrepreneur, you will need to:
- Meet the requirements as outlined by the Home Office;
- have a genuine, workable business plan;
- prove you are knowledgeable in the sector you wish to work in; and
- pass an interview with the Home Office.
The application for an Entrepreneur Visa UK is very complex and lengthy. A professional immigration lawyer will greatly increase your chances of having your visa granted.
To meet the requirements of the Tier 1 Visa, you will need to meet the 95-point requirement outlined by the Home Office.
The 95 points are gained from:
- Having £200,000 available to you for investment in the company (£50,000 through the Graduate Entrepreneur route).
- Evidence of maintenance funds to support yourself before you start the business. The amount you will need increases with each Tier 1 dependent on your visa.
- Proof of English Language ability. This can be shown by a degree taught in English or an IELTS test.
You can also apply if you have access to £50,000 in investment funds from one or more of the following:
- a UK entrepreneurial seed funding competition endorsed by the Department for International Trade (DIT); or
- a UK government department making funds available for the purpose of setting up or expanding a UK business or venture capital firm registered with the Financial Conduct Authority (FCA).
To find out more about your personal circumstances, speak with a lawyer before starting your application.
The UK government operates a separate route for recent graduates from UK institutions, or those identified as elite global graduate entrepreneurs through the Sirius programme with an endorsement from the Department of International Trade (DIT).
This visa allows someone who has a Bachelor’s Degree or above to stay in the UK for a period of 12 months. It also allows for the possibility of an extension for another year provided the business has proven successful during the length of the initial Entrepreneur Visa.
Graduate entrepreneurs benefit from a reduced investment requirement but the route is limited to 2,000 a year and the interview process is very strict.
Find out all you need to know about the Graduate Entrepreneur Visa.
The Tier 1 Entrepreneur interview is a vital part of the application process. You will be closely scrutinised to ensure that you are a genuine entrepreneur.
You must know every detail of your business plan and will need to show an extensive knowledge of the sector you intend to work in. You will also be asked about your forecasts, margins and competition.
Read more about writing a Tier 1 Entrepreneur business plan.
Being in the UK on an Entrepreneur Visa means that your primary employment is with the company you are starting or taking over. You are permitted to take a second job but there are limitations on the number of hours you are allowed to work per week.
You must also have evidence that this will not interfere with your business plan.
Because this is such a complicated application with a high refusal rate, we have supported many applicants who have previously had their Entrepreneur Visa refused.
From minor errors such as incorrect or missing information on your application form to failing the genuine entrepreneur test during your interview, we will be able to identify the issue with your previous application and advise you through the process again.
The Tier 1 Entrepreneur Visa is one of the most commonly refused visa applications. As an applicant, your business plan will be scrutinised, both on paper and during your Entrepreneur Visa interview.
At IAS, our team of highly-trained immigration specialists will be able to advise you on the correct procedures, preparation and backing documents that you need when applying for a Tier 1 Entrepreneur Visa. They will:
- ensure that your business plan is as detailed and comprehensive as it needs to be;
- ensure that you are properly prepared for your Entrepreneur Visa interview;
- liaise with the Home Office during your application;
- prepare a Letter of Representation. This letter references your case and its merits as well as referencing any relevant UK immigration laws in support of your application;
- perform an extensive document check to ensure that they are sufficient for your application; and
- complete your application form to the highest standard.
Call us on 902333 2333 or use our online enquiry form.
For more information on the different visa options for working in the UK, please chat with us.
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