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Immigration Law
Business Visa and Entrepreneurs
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Under the Entrepreneur category, you can establish or take over a business in the UK, but you will also need to be actively involved in the day-to-day management. This business venture must form your only employment and will require a minimum investment of £200,000.
The Tier 1 Entrepreneur enables you to live and work in the UK without the need for a UK sponsor or an arranged employment.
Under this category you will have to show the following:
- Access to funds of no less than £200,000
- The funds must be held in one or more regulated financial institutions
- The money should be disposable in the United Kingdom
For an extension under the Tier 1 Entrepreneur, you will have to satisfy the following criteria:
- The money being invested in the business must be your own and must not belong to a third party. The money can be in the form of cash and share capital and the investment should give you either an equal or controlling interest in the business
- You need to be able to present a complete and viable business plan
- You must have a controlling interest in the business and must take a share of its liabilities
- The business must create full time employment for at least two individuals who are UK residents
Additional Requirements
- English language
- Maintenance
Leave to enter/remain under the Tier 1 Entrepreneur category is normally granted for an initial period of three years. In the first three months, you must make the full investment which will lead to the employment of two settled individuals.
If you would like to obtain legal advice on an immigration matter then please contact our Immigration solicitors on 020 8983 8944 or by email on info@nwsolicitors.com.
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