Tier 1 (Entrepreneur) Visa
This visa is for people who wish to come to the UK to start a new business and work in the capacity of running that business.Tier 1 (Entrepreneur) Visa Requirements
- Applicants must have a minimum of £200,000 to start the proposed business;
- Applicants can open any type of business, but must work full-time in the running of the business;
- Applicants must, through the opening of the business, create full time employment for 2 EEA nationals;
- Applicants must take a share of the business's liabilities;
- Applicants must have sufficient funds to maintain themselves until the business becomes profitable;
- Applicants must have a controlling interest in the business;
- Applicants must have a convincing and viable business plan;
- You must meet the English language ability requirements (see below); AND
- You must have sufficient funds, as specified by the UK Government at the time of application.
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Tier 1 (Entrepreneur) Visa Conditions
- A successful applicant is generally given a 2 year visa initially;
- An extension of a further 3 years can be applied for as long as the business is operating, the investment has been made and the 2 jobs have been created;
- Applicants may, after 5 years, apply for Indefinite Leave to Remain (Permanent Residency); AND
- Partners and dependent children are able to join you on this visa and are free to work and go to school.
Do you qualify for an Entrepreneur Visa?
English Language Ability
Applicants who do not have a degree taught in English must sit and pass the International English Language Testing System (IELTS) and score at least 6.5 on each of the 4 components. IELTS measures the ability to communicate in English across all four language skills - listening, reading, writing and speaking - for people who intend to study or work where English is the language of communication.