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Published April 12, 2021
tier 1 entrepreneur

TIER 1 ENTREPRENEUR

Until April 2019, Tier 1 Entrepreneur was the appropriate route for businessmen and women who want to establish businesses in the UK subject to satisfying the requirements.
Tier 1 Entrepreneur was a point base, and prospective applicants needed to score 95 points or above and meet other requirements under immigration Rules to be successful. The required evidential fund for Tier 1 Entrepreneur was to have proof of access to £200 000.00 or £50,000.00 if you were applying as a graduate entrepreneur.

CAN I STILL APPLY FOR UK TIER 1 ENTREPRENEUR VISA ?

No. After April 2019, Tier 1 Entrepreneur was replaced by Innovator Visa. However, suppose your Tier 1 Entrepreneur was issued before April 2019, and you are still living lawfully in the UK. In that case, you can be able to switch to either Innovator Visa or Start-up Visa.
The good news is that the time spent on either Tier 1 Entrepreneur or Graduate Entrepreneur can be counted towards your Indefinite Leave To Remain.

CONTACT US ON 01375251612 OR 07828443503  FOR ALL YOUR IMMIGRATION MATTERS. YOU CAN ALSO FILL OUR ENQUIRY FORM BELOW FOR US TO CONTACT YOU


INNOVATOR VISA

Innovator visa was introduced after Tier 1 entrepreneur was discontinued. The application process is different from Entrepreneur. The applicant must submit his or her business idea to an endorsing body where the applicant’s business plan, skills, and job creation ability would be assessed. The applicant’s credentials would be endorsed before he could proceed with his or her Innovator Visa application.

REQUIREMENTS FOR INNOVATOR VISA UK APPLICATION

Before applying for an Innovator visa, the applicant must have the sum of £945 in his or her account for at least 90 days. The documents that would be needed for you are dependent on your circumstances. But the following documents are basic requirements:

  • If you are from a country where a Tuberculosis test is required, you would be required to submit a test result.
  • Evidence of the funds you intend to invest.
  • The bank statement confirms that you have had £945 in your account for at least 90 days before making the application.
  • Evidence that you passed the B2 English language test if applicable to you.
  • Your traveling documents in the form of a Passport or any other valid traveling document

ELIGIBILITY FOR UK INNOVATOR VISA

Even if you have all the requirements, you must prove that you can come to the UK to set up a business. You have to meet the following criteria before you can be successful with your application:

  • You must be at least 18 years to make the application.
  • You are not a citizen of EEA
  • You have at least £50,000 or more to invest into your proposed business.
  • You can demonstrate that you have the knowledge and skill required to run the business.
  • You can show that your business has the potential for growth and job creation.
  • An approved endorsement body has endorsed your business idea.

HOW WE CAN HELP

As already mentioned, the requirements stated above are not exhaustive. Professionals must handle this type of application to minimise the risk of refusal. We have expert Immigration Solicitors capable of making the application for you with greater chances of success than if you decide to do it yourself. The good news is that our fees are very affordable.


PLEASE CONTACT US ON (+44)1375251612 OR 07828443503 TO SPEAK TO A SOLICITOR. YOU CAN ALSO FILL OUR ENQUIRY FORM BELOW FOR US TO CONTACT YOU

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