UKMigration
Registered Users (C)
The UK is open to people who wish and are able to contribute to its economy, and an important group here are the entrepreneurs from other EU markets.
There are several UK business visas for anyone who wishes to migrate to the UK to do business. However, there is no all-inclusive package of requisites that apply to all the business visa modalities, so this is what someone who wants to become an entrepreneur in the UK needs in order to qualify for this visa:
Entrepreneur Visa
This visa works for individuals who want to come to the UK to start a business and work running that business.
The requisites for a Tier 1-Entrepreneur- Visa are:
- The person must have no less than £200,000 to start the business.
- The entrepreneur can start any kind of business; however, he or she must work full-time on it.
- The entrepreneur has to offer full-time employment to two EEA nationals.
- The entrepreneur has to take a share of the business’ liabilities.
- The entrepreneur has to have enough funds to look after himself or herself until the business becomes profitable.
- The entrepreneur has to have a controlling interest in the business.
- The entrepreneur has to have a credible and feasible business plan.
- The entrepreneur has to meet the English language ability requisites. If the applicant does not have a degree taught in English, he or she must take the International English Language Testing System (IELTS) and score no less than 6.5 on each of the four components. This system evaluates English communication skills across the four subjects: listening, reading, writing, and speaking.
- The entrepreneur has to have enough funds, as specified by the UK Government at the time of the application.
The conditions for a Tier 1 -Entrepreneur- Visa are:
- The visa is initially given for two years.
- The entrepreneur can ask for a 3-year extension if the business is still active, if the investment has been made, and if two people have been employed.
- After five years, the entrepreneur can apply for the Indefinite Leave to Remain, or Permanent Residency.
- Partners and dependent children can share the entrepreneur’s visa and are able to work and study in the UK.
If you have any questions or doubts about your visa application, or require further assistance, don’t hesitate to contact an immigration lawyer in the UK.
Please note that these articles and the information contained herein are purely for general guidance and do not constitute a professional legal or any other opinion as to the merits of a particular application or whether specific immigration requirements have been met of a particular category. This information is generic and should not be relied upon as a definitive guide to fulfilling specific category requirements. However should any individual do so it is at his or her own risk for which UK Migration Lawyers Limited cannot be held responsible in any way.
There are several UK business visas for anyone who wishes to migrate to the UK to do business. However, there is no all-inclusive package of requisites that apply to all the business visa modalities, so this is what someone who wants to become an entrepreneur in the UK needs in order to qualify for this visa:
Entrepreneur Visa
This visa works for individuals who want to come to the UK to start a business and work running that business.
The requisites for a Tier 1-Entrepreneur- Visa are:
- The person must have no less than £200,000 to start the business.
- The entrepreneur can start any kind of business; however, he or she must work full-time on it.
- The entrepreneur has to offer full-time employment to two EEA nationals.
- The entrepreneur has to take a share of the business’ liabilities.
- The entrepreneur has to have enough funds to look after himself or herself until the business becomes profitable.
- The entrepreneur has to have a controlling interest in the business.
- The entrepreneur has to have a credible and feasible business plan.
- The entrepreneur has to meet the English language ability requisites. If the applicant does not have a degree taught in English, he or she must take the International English Language Testing System (IELTS) and score no less than 6.5 on each of the four components. This system evaluates English communication skills across the four subjects: listening, reading, writing, and speaking.
- The entrepreneur has to have enough funds, as specified by the UK Government at the time of the application.
The conditions for a Tier 1 -Entrepreneur- Visa are:
- The visa is initially given for two years.
- The entrepreneur can ask for a 3-year extension if the business is still active, if the investment has been made, and if two people have been employed.
- After five years, the entrepreneur can apply for the Indefinite Leave to Remain, or Permanent Residency.
- Partners and dependent children can share the entrepreneur’s visa and are able to work and study in the UK.
If you have any questions or doubts about your visa application, or require further assistance, don’t hesitate to contact an immigration lawyer in the UK.
Please note that these articles and the information contained herein are purely for general guidance and do not constitute a professional legal or any other opinion as to the merits of a particular application or whether specific immigration requirements have been met of a particular category. This information is generic and should not be relied upon as a definitive guide to fulfilling specific category requirements. However should any individual do so it is at his or her own risk for which UK Migration Lawyers Limited cannot be held responsible in any way.