If you wish to apply for a visa in this category then our team at Hunter Stone Law will be able to guide and assist you throughout every step of the process. In order to qualify for this visa you would have to meet the requirement of the relevant section of the Immigration Rules. However we have attempted to simplify the requirements below.
You can apply for a Tier 1 (Entrepreneur) if you have access to £200,000 in investment funds and you can prove that the money is either:
You can use funds invested in a business that you’ve set up in the UK while under a different immigration category - the funds will need to have been invested no earlier than 12 months before your Tier 1 (Entrepreneur) application.
Documents you must provide
When you apply you’ll need to provide:
You will also need to provide the following:
You may, under certain circumstances, need to provide additional documents depending on your circumstances.
Evidence of investment funds
You must provide the following evidence to show you have access to the appropriate investment funds:
Funding from a third party
You must also provide the following evidence if any third parties have contributed funds toward your application:
Evidence that you can support yourself
You must prove that you have enough personal savings to support yourself while you’re in the UK.
How you prove this depends on where you’re making your application from:
•outside the UK - you’ll need £3,310
•in the UK - you’ll need £945
Your personal savings must have been in your bank account for 90 consecutive days before you apply.
You can’t use either of the following to support yourself:
Applying from outside the UK
You must apply online for a Tier 1 (Entrepreneur) visa – we will assist you in preparing the documents, checking your application to ensure you have every chance of success.
Apply in the UK/Extend your visa in the UK
You can only extend your existing visa or switch to this visa if you’re already in the UK. You may be able to extend your Tier 1 (Entrepreneur) visa. You must apply before your current visa expires. You must be in the UK to extend your visa.
You can apply to extend your visa if you:
You must have invested into 1 or more UK businesses either:
You should include any dependants who are on your current visa on your application to extend - including children who have turned 18 during your stay.
Switch to this visa
You may be able to switch to a Tier 1 (Entrepreneur) visa. Once again you should apply before your current visa expires.
You can apply to switch to this visa if you meet the eligibility requirements and you’re already in the UK under one of the following categories:
You can also switch from one of the following categories:
It should be noted that if you have had leave in this category in the 12 months before you apply, then you must meet the extension criteria, not the switching criteria.
Your family members (‘dependants’) can come with you when you come to the UK on this visa. Your family members must have a visa if they’re from outside the European Economic Area (EEA) or Switzerland.
A ‘dependant’ is any of the following:
Savings to prove you can support your dependants
You must show that your dependants can be supported while they’re in the UK. Each dependant must have a certain amount of money available to them - this is in addition to the £945 you must have to support yourself.
The amount depends on your circumstances. You must have £1,890 for each dependant if you’re applying from outside the UK or have been in the UK for less than 12 months. If you’ve been in the UK for more than 12 months, you must have £630 for each dependant. In addition you must have proof you have the money, and that it’s been in your bank account or your dependant’s bank account for at least 90 days before you or they apply.