For international businesses and investors, getting people and funds across the world is an essential part of business, but can be very difficult without expert legal help.
Thanks to our specialist Immigration team, applying for a Tier 1 Visa for Entrepreneurs with Knightsbridge Solicitors is quick and easy. We have years of experience in helping clients apply for all types of Visas, and will guide you through every step of the process.
As with the other categories of Tier 1 UK visas, entrepreneurs do not need to have a sponsor in place. However, applicants must still meet a range of specific criteria, which are explained below:
Tier 1 Entrepreneur Visa UK Requirements
An investment of £200,000 or more is needed to apply for a Tier 1 Entrepreneur Visa, and up to two business partners and their families may apply for UK visas on the basis of this funding.
The eligibility criteria for the Tier 1 Entrepreneur visa initial application (from overseas or within the UK) require that the applicant has:
- a business plan;
- access to £200,000 in a regulated bank;
- these funds must have been held in a regulated bank for at least 90 days
- English language skills equal to IELTS band 4.0;
- enough funds to maintain themselves in the UK.
After 5 years, the applicant must have:
- become self-employed or registered a UK company within 6 months of visa issue;
- created two full time jobs;
- invested over £200,000;
- still be in business at the time of application
- and have enough funds for maintenance.
Fast-track to settlement
To encourage more business activity in Britain, UK immigration authorities offer entrepreneurs a fast-track to permanent settlement. This is available to anyone who can either create 10 jobs or make more than £5 million turnover in a three-year period. The fast-track initiative allows entrepreneurs to permanently settle in the UK in as little as three years.
How Knightsbridge Solicitors can help
As well as handling your UK Entrepreneur visa application, Knightsbridge Solicitors can provide expert legal advice on conducting business in the UK. Every year we help a range of entrepreneurs from around the world to set up UK businesses and manage their immigration process.
Read more about Immigration here