Tier 1 Entrepreneur Visa
What Is A Tier 1 Entrepreneur Visa?
If you are wishing to set up or invest in starting a new business within the UK, the Tier 1 Entrepreneur visa allows you to do so. Although this visa is now closed to new applicants, you can switch to the Tier 1 Entrepreneur Visa from certain other routes or extend the visa you have already obtained.
Switching to a Tier 1 Entrepreneur Visa can be done from either a Tier 1 Graduate Entrepreneur or a Start-Up Visa provided applicants meet certain criteria.
At Branch Austin McCormick, we understand that the ever-changing legal landscape surrounding visa applications, switches and extensions can be confusing. However, as experts in this field, our team are able to support our clients throughout the process, helping them to obtain their required visa with minimal fuss and delay.
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What Are The Requirements For Switching To A Tier 1 Entrepreneur Visa?
Successful applicants to switch to the Tier 1 Entrepreneur Visa must be able to demonstrate that:
- They have access to £50,000
- They have a complete business plan which demonstrates how the business will succeed
- They are competent in the English language to at least CEFR level B1
- They are able to financially support themselves without reliance on government or public funds
Successful applicants will also need to register as self-employed or the director of the UK company they are starting up or investing in within 6 months, invest their £50,000 and provide two full-time jobs to members of the settled population that will last for at least 12 months.
Additional requirements that applicants must meet in order to successfully obtain the Tier 1 Entrepreneur Visa include spending no more than 180 days in a 12 month period outside of the UK.
Furthermore, once you have obtained your Tier 1 Entrepreneur Visa, you will not be permitted to take up any other employment aside from that associated with the business relating to your visa.
For further information on the specific requirements for the Tier 1 Entrepreneur Visa and your obligations, please contact us.
