The UK is “open for business” and a Tier 1 Entrepreneur visa allows eligible business people to setup, take over or be actively involved in the running of one or more UK businesses. In order for your application to be successful you must meet certain criteria.
At A D Themis & Partners we specialise in getting eligible entrepreneurs through the visa process and established in the UK.
Our goal is to provide you with the full range of commercial law support and connect you with our exceptional network of business contacts to help you get established faster. You get a dedicated business advisor rather than simply a form-filler.
Please Note: As part of your Tier 1 (Entrepreneur) application, the Home Office reserves the right to ask for more information and may ask you to attend an interview if they have concerns about whether you are genuinely intending to pursue a business in the UK. Please see our section on Tier 1 Entrepreneur Visa Interview Questions for further advice.
Tier 1 Entrepreneur Visa Requirements
For an application to be successful, you must score a total of 95 points and meet all the other requirements of the Immigration Rules.
Funds- Access to at least £200,000 – (25 points)
You will score 25 points if you have access to at least £200,000.
Alternatively, you will score 25 points if you have access to at least £50,000 from:
- One or more Venture Capital firms regulated by the Financial Services Authority (FSA);
- UK Entrepreneurial Seed Funding competitions listed as endorsed on the UK Trade & Investment (UKTI) website; and/or
- One or more UK government departments, which have made the funds available for the specific purpose of establishing or expanding a UK business; or
- You have been granted leave to remain as a Tier 1 (Graduate Entrepreneur) Migrant
All of the £50,000 must come from these acceptable organisations – you cannot include your own funds or funds from other third parties. If you want to include these funds, you must have a total of £200,000 to invest in UK business.
In all cases, the funds must be:
- held in one or more regulated financial institutions- (25 points); and
- be disposable (free to spend) in the United Kingdom- (25 points).
These funds can be your own money or money made available by other people (known as ‘third parties’). A husband, wife or partner is a third party. In the case of an entrepreneurial team, one applicant can act as third party contributor of funds for the other.
Entrepreneurial Team Applications Under Tier 1 Entrepreneur Visa
You and one other person can form an ‘entrepreneurial team’, which means that you can both apply under a Tier 1 (Entrepreneur) visa and score points for access to the same investment funds. Both of you must have equal access to and be able to dispose of the money freely in the UK. If either of you has successfully applied under the Tier 1 (Entrepreneur) category with any other applicant in the past, based on the same funds that you are using in this application, you cannot form a new entrepreneurial team with those same funds.
English language- 10 points
You must be able to speak English to the required standard or a national of an eligible English speaking country.
Maintenance- 10 points
You must have enough money to support yourselves while you are in the UK. You must show that you have £3310 in personal savings if you are applying from outside the UK (£945 if you are already in the UK and are allowed to switch status). These savings must have been in your bank account for 90 consecutive days before the date of the application.
If you, as the main applicant, have been present in the United Kingdom for 12 months or more, each family member must additionally demonstrate they have £630 to support themselves. In all other cases you would need to show you have held a minimum balance of £1890 for each family member for a 90-day period preceding the date of the application.
Genuine Entrepreneur Test
Since January 2013 when making an initial application as an Entrepreneur, the Entry Clearance Officer will determine whether you have a genuine intention to establish a business in the UK. It is now mandatory to include a business plan with your initial application, which details your market research, experience, the requirements to operate your business and how you intend to invest the funds in order to establish your business.
On 06 April 2015 the Home Office expanded the use of the “genuineness” tests in the Tier 1 (Entrepreneur) route to applications for extensions and indefinite leave to remain. The Home Office must be satisfied that you have genuinely operated your business and will examine the viability and credibility of the source of the funds you have invested into your business as well as your business activity in the UK. They will also examine the credibility of the job creation for which you are claiming points.
How We Help Tier 1 Entrepreneur Visas
As specialists in UK immigration law, at A D Themis & Partners we understand the challenges entrepreneurs face and the risks they have to take for their company to grow.
Our approach is to form a strategic partnership with our clients and become their trusted business advisers.
The UK Government has laid down stringent requirements in relation to these applications, which must be met. Due to our extensive contacts within the Home Office and Visa Issuing posts worldwide, we are well positioned to successfully and expeditiously manage these applications on your behalf.
Why Choose Us
At A D Themis & Partners, we have strong experience advising entrepreneurs and investors to settle in the UK, so much so that we are accredited and have been awarded a place on the UKTI Advisory Network Panel.
Our Immigration Lawyers have been commended by the Home Office for the quality of their applications. They will consider your circumstances and advise on the appropriate course of action, prepare all documentation and liaise with the Home Office regularly to ensure a successful outcome.
If you would like to know more about the Tier 1 Entrepreneur Visa category and would like to discuss your Immigration matter contact us today.
Our dedicated accountancy team, understand the challenges entrepreneurs face and the risks they have to take for their company to grow. Our approach is to form a strategic partnership with our clients and become their trusted business advisers.
We will work hard to help you realise the full potential of your business and adapt our service to meet your needs. We will take a long term approach to your business, supporting you right from initial set up of your company all the way through to exit and beyond.
We offer the following accountancy related services:
- Company incorporation and annual compliance with statutory requirements.
- ‘Same day’ formation service.
- Preparation and review of your business plan.
- Filing of the annual return, preparation of financial accounts and corporation tax (subject to receipt of all requisite documents).
- Registration with HMRC for Corporation Tax, PAYE & VAT
- Appointment and resignation of Directors
- Changes to the Memorandum and Articles of Association
- Allotment and subsequent transfer of shares
- Re-organisation of share capital
- Preparation and filing of other company documentation as and when is necessary
- Filing of VAT returns on a quarterly basis
- Payroll administration for you and your employees.
We can also arrange to serve as company secretary and provide a registered office address, to ensure that the statutory requirements of the company are fulfilled and that your statutory records are appropriately maintained, leaving the day to day running of the company to the Directors.