Tier 1 Entrepreneur Visa
Richmond Chambers LLP | Seven Henrietta Street | Covent Garden | London | WC2E 8PST: 0203 617 9173 ▪ F: 0203 004 1611 ▪ E: [email protected]
www.richmondchambers.com
• The Tier 1 (Entrepreneur) category is for non-European nationals who wantto invest in the UK by setting up or taking over, and being actively involvedin the running of, a business or businesses in the UK.
• Entrepreneurs may bring their dependent family to the UK and their familymembers can take employment and/or study during their stay in the UK.
Introduction
• Access to not less than £200,000 investment funds
• Funds are held in regulated financial institution(s) within the UK or overseas
• Funds are disposable in the UK
• Satisfy the Genuine Entrepreneur test
• English language requirement (equivalent to IELTS 4.0)
• Maintenance funds (£3,100 for outside the UK or £900 for inside the UK)
Initial Applications
• Invested not less than £200,000 in cash directly into one or more businesses in the UK (share capital/director’s loan is also allowed)
• Registered as a director or self-employed within 6 months of grant of leave or entry to the UK
• Registered as a director or self-employed prior to the date of application
• Created the equivalent of at least 2 new full-time jobs (30 hours per week) for at least 12 months
• English language requirement
• Maintenance funds (£900)
Extension Applications
• Usually 5 years to settlement but 3 year fast-track route to settlement if 10new full time jobs were created or £5 million gross income was generated
• Still registered as a director or self-employed
• Created the equivalent of at least 2 new full-time jobs (30 hours per week)for at least 12 months
• Maximum of 180 days absent from the UK during each 12 months
• Passed the Life in the UK test
• Satisfy the English language requirement
• No unspent convictions in the UK
Settlement Applications
The 5 year route
Initial application
Show access to investment funds + English language + Maintenance + Genuine Entrepreneur test Three years and four months granted / Three years granted
Extension application
Invested £200,000 cash into one or more businesses in the UK + Registered as self-employed or director + Created two full-time jobs + Maintenance
Two years granted
Settlement application
Still registered as self-employed or director + Maintained two full-time jobs + Spent specified continuous period lawfully in the UK Indefinite leave to remain granted
British citizenship
No investment funds required Obtain British citizenship and British passport
• Expert advice as to the requirements of the Immigration Rules;
• Expert advice as to the required supporting documentary evidence;
• Checking of content and format of supporting documentary evidence;
• Assistance with completion of relevant application forms;
• Drafting of detailed personal statement(s);
• Supporting legal submissions drafted by a specialist immigration barrister;
• Entrepreneur interview preparation sessions;
• Ancillary relocation services provided by our trusted partners (including airport transfers, school and university placement, tax advice, property search, private banking and wealth management).
Our Tier 1 Entrepreneur service
For further information about coming to the UK as a Tier 1 Entrepreneur, contact us today:
Richmond Chambers Immigration Barristers
Seven Henrietta Street
Covent Garden
London
WC2E 8PS
T: + 44 203 617 9173
W: www.richmondchambers.com
Contact Us
Recommended
