Entrepreneurs

Entrepreneurs

The Tier 1 (Entrepreneur) visa is for non-European migrants who want to invest in the UK by setting up or taking over, and being actively involved in the running of a business or businesses in the UK.

 

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  • Requirements

    – access to funds (minimum 50,000 British pounds with other requirements)
    – English language
    – maintenance funds

    Applicants are selected on a points-based system, including:

    25 points for:
    A) Access to not less than £200,000

    or

    B) Access to not less than £50,000 from:

    • 1 or more registered venture capital firms regulated by the Financial Services Authority; or
    • 1 or more UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade and Investment website, or
    • 1 or more UK government departments or devolved government departments in Scotland, Wales or Northern Ireland, which have made the funds available for the specific purpose of establishing or expanding a UK business.

    or

    C) Access to not less than £50,000 and:

    are applying for leave to remain; andhave, or were last granted, leave as a Tier 1 (Graduate entrepreneur) migrant.

    or

    D) Access to not less than £50,000 and:

    • are applying for leave to remain; and
    • were last granted, leave as a Tier 1 (Post-study work) migrant; and
    • were registered with HM revenue and Customs as self-employed, or a registered director of a new or existing business no more than 3 months before your application; and
    • are engaged in business activity, other than the work necessary to administer your business. The applicant’s occupation must appear on the list of occupations at the National Qualifications Framework level 4 and above.

    25 points each for:

    • funds held in (a) regulated UK institution(s)
    • funds disposable in the UK

    10 points for meeting English language requirements to a particular standard

    and

    10 points for having enough funds to support self in the UK.

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