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Tier 1 Entrepreneur Visa Richmond Chambers LLP | Seven Henrietta Street | Covent Garden | London | WC2E 8PS T: 0203 617 9173 ▪ F: 0203 004 1611 ▪ E: [email protected] www.richmondchambers.com

UK Entrepreneur Visa - Richmond Chambers LLP

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Page 1: UK Entrepreneur Visa - Richmond Chambers LLP

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

Page 2: UK Entrepreneur Visa - Richmond Chambers LLP

• The Tier 1 (Entrepreneur) category is for non-European nationals who want to invest in the UK by setting up or taking over, and being actively involved in the running of, a business or businesses in the UK.

• Entrepreneurs may bring their dependent family to the UK and their family members can take employment and/or study during their stay in the UK.

Introduction

Page 3: UK Entrepreneur Visa - Richmond Chambers LLP

• 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

Page 4: UK Entrepreneur Visa - Richmond Chambers LLP

• 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

Page 5: UK Entrepreneur Visa - Richmond Chambers LLP

• Usually 5 years to settlement but 3 year fast-track route to settlement if 10 new 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

Page 6: UK Entrepreneur Visa - Richmond Chambers LLP

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

Page 7: UK Entrepreneur Visa - Richmond Chambers LLP

• 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

Page 8: UK Entrepreneur Visa - Richmond Chambers LLP

For further information about coming to the UK as a Tier 1 Entrepreneur, contact us today:

Richmond Chambers Immigration Barristers Seven Henrietta Street Covent GardenLondonWC2E 8PS

T: + 44 203 617 9173E: [email protected]: www.richmondchambers.com

Contact Us

Page 9: UK Entrepreneur Visa - Richmond Chambers LLP