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.