In order to commence their business operations in the United Kingdom, aspiring entrepreneurs apply for the Tier 1 Entrepreneur Visa UK. You may also apply for this visa if you intend to acquire an operating company in the United Kingdom.
Those who wish to pursue this path must have an active role in the operation of the business (or businesses) in the United Kingdom. It provides prospects for entrepreneurs establishing a company as a partnership, sole proprietorship, or United Kingdom-registered entity. To be granted a Tier 1 Entrepreneur Visa, you must achieve a cumulative score of 95 points and fulfill all additional criteria outlined in the Immigration Rules. Gaining access to a minimum of £200,000 (or £50,000 when applying as a graduate entrepreneur) is a criterion for earning points.
Kindly be advised that the Entrepreneur Visa route will replace this one as of April 2019. If you are uncertain as to how this will impact your application, please contact one of our specialists for clarification.
Criteria for Entrepreneur Visa Eligibility
Most frequently, the Entrepreneur Visa is compared to the previous Tier 1 Entrepreneur Visa.In order to qualify for the Entrepreneur Visa, the candidate must satisfy the following criteria:
- At least eighteen years of age
- A foreign national of the EEA or Switzerland
- Possess a minimum investment of £50,000 in your business concept.
- Possess a business concept that has received endorsement from a reputable organization.
- Possess a B2-level English certificate, unless exempt, as specified by the Common European Framework of Reference for Languages.
Prior to submitting an application for an Entrepreneur Visa, candidates must have a minimum of £945 in their bank account for ninety consecutive days, in addition to meeting the aforementioned requirements.
Requirements for an Entrepreneur Visa Business Endorsement
An applicant for an Entrepreneur Visa must have an authorized endorsing body vouch for their business concept prior to submitting the application.
Endorsing organizations must have a history of providing assistance to Canadian entrepreneurs. Nevertheless, a newly established organization that a recognized governing body has established will also qualify.
Endorsement bodies employ three criteria to ascertain the soundness of a business concept:
Which Documents Are Necessary to Obtain an Entrepreneur Visa?
The required documentation will vary in accordance with the specific circumstances of the applicant and the nature of their application.
A passport or other valid travel identification that is up-to-dateB2 English language test proof of passage or pass certificate (if applicable)
- Indications of investment funds
- Bank statements demonstrating a minimum of £945 in savings in your account for ninety consecutive days prior to the application
- Results of a tuberculosis test if you are a citizen of a country that requires the test.
Applicants from outside the United Kingdom can anticipate receiving a decision regarding their application within three weeks. Processing of applications submitted from within the United Kingdom may require a maximum of eight weeks.In the event that immigration officials confront an obstacle with your application, the processing time will be extended.The Immigration Advice Service offers specialized support in the process of applying for UK visas. By ensuring that your application satisfies all requirements and adheres to the rigorous administrative standards set forth by the Home Office, one of our immigration law specialists can assist you in increasing the likelihood of a successful outcome.
Dependent family members are permitted to accompany you to the United Kingdom if you are granted an Entrepreneur Visa.
The subsequent individuals shall be regarded as dependents of the holder of an Entrepreneur Visa:
- Another partner
- A child younger than 18 years old
- A child over the age of 18 who is a dependent in the United Kingdom at the time.
Per dependent, applicants must provide evidence of a minimum of £630 in savings in order to be permitted to bring them into the United Kingdom.
It is feasible for a dependent who is already residing in the United Kingdom to transition from their current visa status and establish legal residency as the dependent of the holder of an Entrepreneur Visa.