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Tier 1 Entrepreneur Visa UK

The Tier 1 Entrepreneur and Graduate Entrepreneur visas ended in April 2019. Replaced by Innovator Founder Visa and Start-up visas for business founders. Start-up visa is for less experienced entrepreneurs with less investment, while an Innovator visa requires more business experience and £50,000 investment. 

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What is Tier 1 Entrepreneur Visa UK?

This is a UK business visa called the Tier 1 Entrepreneur Visa UK. It lets people who want to start their own business come to the UK. You can also get this visa if you want to come to the UK to take over a business that is already running.

To go this way, you need to be actively involved in running the business (or businesses) in the UK. People who want to start a business as a sole trader, in a partnership, or as a UK-registered company can use it. If you want to get a Tier 1 Entrepreneur Visa, you need to get a total score of 95 points and meet all the other rules set out in the Immigration Rules. If you have at least £200,000 (or £50,000 if you are a graduate entrepreneur entering), that will help you get into the competition.

To let you know, this path will be replaced by the Innovator Visa path starting in April 2019. Call one of our experts to find out more if you’re not sure how this will affect your application. 

What are the Entrepreneur Visa UK Requirements?

To get the Tier 1 Entrepreneur visa, you will need to meet the standards in three main groups. These are the main groups:

  • Getting to investment funds
  • English language
  • Funds for maintenance

Getting to investment funds

Based on the points system, this is the most important requirement for the Tier 1 Entrepreneur group. It earns 75 out of 95 possible points.

No matter if you have £50,000 or £200,000 to invest, you must meet certain standards.

Requirements for investing £50,000

The £50,000 investment funds can help you apply for Tier 1 if you can get money from one of the following sources.

  • The money came from a seed fund allowed by the Department for International Trade (DIT).
  • A devolved government body or the UK government
  • Financial Conduct Authority (FCA)-registered venture capital fund

If you have already put £50,000 into a UK business in the last 12 months, you can also apply with £50,000 in investment funds.

Also, if you were last given leave as a Tier 1 (Graduate Entrepreneur) and are now applying for leave to stay in the UK, you can use the £50,000 investment funds to support your application.

Criteria for a £200,000 investment

Your application for a UK Entrepreneur visa depends on having £200,000 to put in a UK business.

The investment funds you will need to show are:

  • Your own cash
  • Given to you by someone else, like your lover, partner, or investor
  • in a joint account with your partner or husband, but they can’t apply for the Tier 1 (Entrepreneur) visa.
  • The investment funds will also be judged on how credible the information you give is. It depends on how you meet the standards of the investment fund and what documents you need to send in.

English Language Requirement

For the Tier 1 visa application, you need to show that you can speak and write English well. Either of the following fits this.

  • Successfully passing a recognised English test with reading, writing, speaking, and listening scores of at least CEFR level B1.
  • or With an English-taught degree that is the same as a bachelor’s, master’s, or PhD degree in the UK.

People who want to apply from Antigua and Barbuda, Australia, the Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Jamaica, New Zealand, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago, and the USA will not have to take the English test.

You could also meet the English language requirement in other ways. Your immigration lawyer at UK Immigration Solicitors can help you find other ways to meet your language needs.

Requirement of Maintenance Funds 

Along with your investment funds, you will also need to meet the standards for the maintenance funds.

The purpose of the maintenance criterion is to guarantee that Tier 1 applicants can sustain themselves in the UK independently, without relying on public funds.

You will earn 10 points for meeting the maintenance money criteria. Never mix the funds with the investment points.

The amount of money you need to pay for maintenance varies on whether you are applying for entry clearance or more time to stay in the UK.

  • If you are asking for entry clearance from outside the UK, you need to have saved at least £3,310 for 90 days in a row before you apply.
  • For those who want to ask for more leave to remain in the UK, they must have saved at least £945 over the course of 90 days before the application date.

For dependents who want to come to the UK with you, there are extra steps you need to take to meet the maintenance standards.

Our experienced UK immigration Solicitors can help you with your immigration process.

Required Documents for Tier 1 Entrepreneur Visa UK

To meet the above standards for the Tier 1 entrepreneur visa, you will need to send in a number of documents.

The documents you need to present will depend on your situation and how you meet the requirements, but in general, you will need to send the following items for your application to be accepted.

  • Right now’s passport or another legal travel document
  • Bank statements or an official letter can show that you have either 50,000 or 200,000 to spend.
  • Proof that you have enough money to live on while you’re in the UK
  • A business plan that explains what the company plans to do
  • Test certificate to show that you’ve met the English language requirement
  • TB test results if your country is on the list of places where you need to take the test
  • Proof of having no criminal record from any country you have lived in for 12 months or more in the last 10 years

You will also need to send in a certified translation of any papers that aren’t written in English or Welsh. Unless otherwise stated, you will need to send all of the original copies of the papers.

Our experienced UK immigration Solicitors can help you with your immigration process.

Genuine Entrepreneur Test

Additionally, the UKVI will give you the “genuine entrepreneur” test. As part of the process, the UKVI can ask for more details to help them decide whether to accept the application.

You might also be asked to go through an interview to show that you really want to be an entrepreneur. Noncompliance without a valid justification may result in the rejection of your application; thus, you are obligated to fulfil the interview request.

You can read more about the test and how to prepare for it on our Genuine entrepreneur test help.

Our experienced UK immigration Solicitors can help you with your immigration process.

How to Apply for Entrepreneur Visa UK?

It’s important to follow these steps to get an entrepreneurial visa extension:

First, make sure you meet all of the requirements listed above.

  • Get the information you need
  • Fill out the form online
  • Cover all necessary fees
  • Upload any files that are needed
  • Schedule an appointment at a UK Visa and Citizenship Application Services (UKVCAS) service location to present your biometric information (fingerprints and a photo).

After you finish the above processes, UKVI may contact you for more information, to verify your documents, to schedule an interview, or to enquire about your personal situation (such as a criminal conviction) (for example, if you have a criminal conviction).

Our experienced UK immigration Solicitors can help you with your immigration process.

Filing an application for a Tier 1 Entrepreneur Visa UK

The costs for the Innovator Founder Visa include:

  • Application Fee:£1,036 if applying from outside the UK or £1,292 for switching within the UK.
  • Healthcare Surcharge: Applicants must pay the healthcare surcharge, which varies based on the duration of the visa.
  • Endorsement Fee:An endorsement fee of around £1,000 (excluding VAT) may be charged by the endorsing body.

These fees are subject to change, and applicants should verify the latest costs on the official UK government website. Call 02033844389

Our experienced UK immigration Solicitors can help you with your immigration process.

Can I Apply to Settle Under the Innovator Founder Route?

Application for a Tier 1 Entrepreneur visa from the UKVI is different depending on whether you want to enter the country or stay there. You can fill out an application online for both of them.

Applying for Entry Clearance: If you apply from outside of the UK, you are asking for permission to enter the UK. Most applications for Tier 1 Entrepreneur are made online.

Applying for Leave to Remain: You must fill out the form on the Gov.UK website to apply for leave to remain if you apply from inside the UK.

Tier 1 Entrepreneur Visa UK
Our experienced UK immigration Solicitors can help you with your immigration process.

British Entrepreneur Visa Application Fees

When you apply in the UK, it costs £486 to extend your entrepreneur visa. When you apply outside the UK, it costs £1,191.

Applicants must also pay an extra £1,035 a year for health care.

To get a visa, you have to pay the application fee and the healthcare extra online. You can use a debit or credit card to pay these fees.

Our experienced UK immigration Solicitors can help you with your immigration process.

Can I Still Get a Tier 1 Entrepreneur or Graduate Entrepreneur Visa?

Unfortunately, you can’t apply for a Tier 1 Entrepreneur Visa or a Tier 1 Graduate Entrepreneur Visa anymore.

You can still change your visa, though, if you are still legally living in the UK with a Tier 1 Entrepreneur Visa from before April 2019.

If you have a Tier 1 Entrepreneur Visa UK, you can still change it to an Innovator Visa or a Start-up Visa. In some cases, you can also ask for an extension on your Tier 1 Entrepreneur Visa.

Also, the time you spend in the UK with a Tier 1 Entrepreneur Visa or a Tier 1 Graduate Entrepreneur Visa goes towards the minimum amount of time you need to live there to get British citizenship or Indefinite Leave to Remain.

You can call us at our offices in London, Manchester, or Birmingham if you need help with your visa application, or you can use our office finder to find the branch closest to you.

Our experienced UK immigration Solicitors can help you with your immigration process.