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The Tier 1 Entrepreneur Visa holders can apply for settlement after a period of 5 years stay in the UK.

OVERVIEW

United Kingdom is a dream place to visit for most of the people, here is your chance to not only visit but to live and work there. If you have £200,000 to invest, then UK Tier 1 Entrepreneur Visa is for you. The position of the United Kingdom, both geographically and financially places it at the center of a wide range of markets and sectors. As a result, there is an growing demand for entrepreneur visas to the UK. The Tier 1 Entrepreneur visa is a visa category under the point-based system that allows you to live in the UK if you are establishing, taking over, or actively involved in running a business in the UK. The UK’s market and diversified economy offers opportunities to the new investors to gain access to a domestic market and to use the location as a gateway to the rest of the world. This visa is generally popular among the Pakistani entrepreneurs and investors. This not only allows them to own a business in the UK, but also allows them live there with their family for 3 years and 4 months and another year of extended period.

Moreover, the Tier 1 Entrepreneur Visa holders can apply for settlement after a period of 5 years stay in the UK.

You can check your eligibility with AUSPAK to know if you qualify and what are the benefits you can avail.

BENEFITS

  • Low Investment amount of £200,000
  • Live in the UK with your family for 3 years and 4 months
  • Get Visa extension for 2 years
  • Access to UK healthcare and education benefits
  • Easy and quick processing

ELIGIBILITY CRITERIA

  • Must have access to £200,000.
  • Can have 2 – 3 sponsors ready to invest
  • Partner with another individual and show a combine net asset value of £200,000
  • Have funds in a regulated bank or a financial institution
  • Must be able to transfer the funds to the UK
  • Meet the English language requirements
  • Fulfill the maintenance fund requirements

POINTS CRITERIA

The UK Tier 1 Entrepreneur visa is a point based system for the non-European migrants who want to invest in the UK by setting up or taking over, and being actively involved in the running of a business in the UK.

To qualify under the Tier 1 (Entrepreneur) immigration program, you must score 95 points under Investment attributes, Language skills and Maintenance funds as per given table.

Access to investment funds
You have access to not less than £200,000 25 Points
These funds are held in 1 or more regulated financial institutions 25 Points
These funds are disposable in the UK 25 Points
English Language
You can speak English to the required standard 10 Points
Maintenance
You have enough money to support yourself while you are in the UK 10 Points

You need to maintain £3310 for 3 months (Main Applicant) and £1890 per dependent for 3 months in a regulated bank prior to application submission. Investment funds £200,000 should be maintained for 3 months prior to the application.

Once an application is submitted at the UK Embassy, the process time is 2 – 4 weeks. The process time may increase if the Embassy schedules an interview.

During the process time, the Home Office takes into account various factors including (but not limited to) :

  • Submission of Business Plan
  • Credibility of the investment funds for UK entrepreneur visa
  • The extent of market research undertaken by the applicant
  • Relevant experience in the field

This visa also allows the applicant to form an entrepreneurial team with one other Tier 1 Entrepreneur visa applicant and share the same investment funds.

EXTENSION OF TIER 1 ENTREPRENEUR VISA

If you are in the UK on a Tier 1 Entrepreneur visa you can apply to extend your visa if you meet the eligibility requirements, which state that, the applicant:

  • Must be registered as a director or as self-employed no more than 6 months after the date you were given permission to stay in the UK under a Tier 1 Entrepreneur visa
  • Can prove you have been self-employed or working as a director of a business 3 months before you apply
  • Created at least 2 full time jobs that have existed for at least 12 months

To qualify for an extension, the applicant must demonstrate that they have invested into 1 or more UK business through £200,000 in cash.

If you would like to ascertain your eligibility for an entrepreneur visa UK, you can book an appointment for initial consultation with our UK immigration Experts.
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