The Tier 1 Entrepreneur Visa is a UK immigration route under the Points Based System which allows entrepreneurs to come to the UK to start up a new business or run an existing company. Here are 5 things to consider when applying for this visa.
Key areas of consideration for anyone considering the route:
£200,000 of cash from you or a third party investor
£50,000 of funding from specific investment vehicles, such as venture capital, seed funding competition, UK government body etc.
This will present in detail the proposed business and it should be compliant with the Home Office requirements.
GENUINE ENTREPRENEUR TEST:
The Home Office will examine your credibility and genuine intention as a prospective Tier 1 Entrepreneur visa holder.
ENGLISH LANGUAGE REQUIREMENT:
You might need to prove basic written, speaking, listening and reading knowledge of the English language through an approved test or acceptable qualification.
HOME OFFICE/EMBASSY INTERVIEW:
You may be asked to attend an interview where you will be probed about your business plan, the source of funds, relevance, immigration history etc.