Tier 1 (Entrepreneur) visa and business plan from immigration entrepreneurs

This category is one of the very few remaining categories, which allows to come to the UK to work, albeit only to work for your own business. You would usually need the funds of GBP 200 000 (£200,000), which can be your own, from a family member or unrelated sponsor, or borrowed from a bank or other financial organisation.

This page contains a simplified summary only, for advice on your individual circumstances please  book our ADVICE SESSION, either over email (especially if you are outside the UK) or at our office in the City of London, near Monument Underground station. If you already have this visa you may be interested in our COMPLIANCE SERVICE while holding an Entrepreneur visa or to make an application for a visa extension or permanent residence in this route. You are also welcome to read TESTIMONIALS page.

A business plan remains compulsory for all initial applications for a Tier 1 (Entrepreneur) visa. Contact us now for a Business Plan wiritng service - from experienced Immigration Entrepreneurs.

APPLYING OUTSIDE THE UK (ENTRY CLEARANCE):

You need to have an equivalent of minimum GBP 200 000 in funds. The funds can be shared with one other person and/or can be from the third parties (sponsors), in which case very specific documents will be needed (and even specific details on those documents). If the funds aren’t in the UK then your bank would also need to confirm the money can be transferred to the UK (tends to be difficult if the money is held in mainland China, for example, but not a problem usually if the money is most other countries).

Furthermore, you also need to prove you are genuinely intending to run a business in the UK. You may be planning to start your own or buy an established business or join one as a director. However, at the initial application stage you need to show you are well-prepared for that.

There is also English language requirement and maintenance, ie a certain amount of funds held for 90 days, in addition to the main GBP 200 000 amount.

The main challenge with this application is, well, not the money (without the money you would not be considering it at all). If any of those reading this page were already refused a visa in the past, they would know that the main challenge is to get the documents right and that includes the ‘Specified Evidence’ as well as the Genuine Entrepreneur Test, such as your business plan (the visa officers actually read it!) and evidence to support it. In our work we spend hours meticulously going through the details on the documents (as well as checking the order of documents). You are welcome to read our TESTIMONIALS page. 

It is possible you may be invited for an interview (and this is where all the questions about your business plan will be asked!), however, such interviews are relatively rare for applications outside the UK. Most commonly, such interviews are conducted with those applying inside the UK, please see the section about interviews below.

If successful, you would have a visa for 3 years plus 4 months. You can only work for your own business and can’t work for others. Also, you are not supposed to work as a ‘contractor’.

BUSINESS PLAN:

A business plan was made compulsory on 5 April 2015, before that it was desirable but now it is law! We also offer service of writing a BUSINESS PLAN FOR AN ENTREPRENEUR VISA. With almost 10 years of experience in the visas and immigration business, and successful Entrepreneur visa cases, who would be better placed to write a business plan than Immigration Entrepreneurs?

APPLYING INSIDE THE UK (SWITCHING):

First of all, you have to be eligible, which means your current visa must allow such a switch.

Examples of switching:

  • If you have a Tier 2 visa (sponsored work visa allowing to work only for the sponsor).
  • If you have a Tier 4 (Student) visa, you can only switch to an Entrepreneur visa if you have £50,000 from a funding competition endorsed by the UK Trade & Investment or from a UK Government Department. If not, you have to apply from outside the UK and with the full amount of £200,000. 

We also offer service of writing a BUSINESS PLAN FOR AN ENTREPRENEUR VISA. With almost 10 years of experience in the visas and immigration business, and successful Entrepreneur visa cases, who would be better placed to write a business plan than Immigration Entrepreneurs?

If successful, you would have a visa for 3 years. You can only work for your own business and can’t work for others. Also, you are not supposed to work as a ‘contractor. You can read more about this restriction on our Blog: http://1st4immigration-visas.blogspot.co.uk/2014/07/no-more-contract-work-for-tier-1.html

 

ENTREPRENEUR VISA INTERVIEWS:

Most applicants in our experience are invited for one in Sheffield. We have a posting on our Blog where we listed the questions which our clients were asked:  http://1st4immigration-visas.blogspot.co.uk/2014/05/more-added-tier-1-entrepreneur-visa.html   You can also read a TESTIMONIALS page. 

We offer the following services for Entrepreneurs:

  • ADVICE SESSION which is a one-off session, either over email or at our office in the City of London (near Monument Underground station).
  • VISA APPLICATION SERVICE when applying for an initial Entrepreneur visa, for an extension or for permanent residency. Here we advise on what documents are needed (such as to prove investment of £200,000 or to prove the created jobs), check the documents are in order, help with the forms and generally, guide you throughout the visa application process and representing you with the application to the Home Office.
  • COMPLIANCE SERVICE while holding an Entrepreneur visa. Here for a yearly fee we help Entrepreneurs to comply with the Rules (and changes of the Rules) while they are holding a visa. For example, after the 3 years of an initial Entrepreneur visa you have to register a business within specific time limit, create 2 jobs for certain types of people and for the duration of 12 months for each job. If one of the jobs has not lasted for a year, or if several jobs do not make up to a year, or if a job was not for a settled worker, then you won’t be able to secure a further extension in this category after the initial 3 years. That’s while you are already risking £200,000! When the time comes to extend your visa after 3 years, you would be ready.  
  • BUSINESS PLAN FOR AN ENTREPRENEUR VISA. With almost 10 years of experience in the visas and immigration business, and successful Entrepreneur visa cases, who would be better placed to write a business plan than Immigration Entrepreneurs?

Contact us now or read our Testimonials page.