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Dec 13, 2018
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2 minutes read
5 Things to Consider When Applying for a Tier 1 Entrepreneur Visa
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:
FUNDING:
Option 1
£200,000 of cash from you or a third party investor
Option 2
£50,000 of funding from specific investment vehicles, such as venture capital, seed funding competition, UK government body etc.
BUSINESS PLAN:
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.
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