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Tier 1 Visa – Entrepreneurs

The Tier 1, Entrepreneur visa, is aimed at those people wanting to enter the United Kingdom in order to start to continue running a business in the UK.

As with all aspects of UK immigration law, there are a number of requirements that need to be met before a Tier 1 visa is granted.

In the event that the application is successful, the Tier 1 visa allows the successful application to remain in the UK for up to 3 years.

Before the initial 3 years of the Tier 1 visa have expired, an application to extend the period can be made.

In the event of an extension, or further extensions being granted, thereby making a total residency in the UK to 5 years or over, an application for British citizenship can be made in certain circumstances.

The extension of a Tier 1 visa is dependent on the performance of the business and the amount of money invested.

However, if the business creates 10 jobs or £5 million in turnover within the first 3 years an application for indefinite leave to remain can be made at the end of the 3 year period.

In order to be considered for a Tier 1 visa certain requirements must be fulfilled. The applicant must show that they have:

  • £250,000 of their own money, or £50,000 from an approved third party lender.
  • are willing to invest in the establishment and or running of a company within the UK
  • commit to employing at least 2 EEA citizens for a minimum of 12 months during the period of the visa.

The Tier 1 visa is aimed at business people and entrepreneurs who are wanting to establish and invest into businesses within the UK.

With the levels of money at stake, it is vital to have the best legal advice in relation to the Tier 1 visa application and subsequent extension applications.

Let us help you!

If you need any helps, please feel free to contact us. We will get back to you with 1 business day. Or if in hurry, just call us now.

Call : 0208 088 0555

Clerks@paramountchambers.co.uk Mon – Fri 09:00-17:00