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Tier 1 Entrepreneur

The UK is the ideal location for entrepreneurs to grow. Tier 1 (Entrepreneur) is an excellent option for migrants who want to invest in the UK for business. An Entrepreneur is a business person who organizes their venture with innovative and creative ideas and is also prepared to take responsibility for any risks associated with that venture.

Eligibility Criteria

For your application to be successful, you must score a total of 95 points and meet all the other requirements of the Immigration Rules

You have access to not less than £200,000 orYou have access to not less than £50,000 from:

  • One or more registered venture capital firms regulated by the Financial Services Authority;
  • One or more UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade and Investment website, or
  • One or more UK government departments or devolved government departments in Scotland, Wales or Northern Ireland, which have made the funds available for the specific purpose of establishing or expanding a UK business.

or

You have access to not less than £50,000 and:

  • You are applying for leave to remain
  • You were last granted, leave as a Tier 1 (Post-study work) migrant
  • You were last granted, leave as a Tier 1 (Graduate entrepreneur) migrant
  • You were registered with HM revenue and Customs as self-employed, or a registered director of a new or existing business no more than 3 months before your application; and
  • You are engaged in business activity, other than the work necessary to administer your business. Your occupation must appear on the list of occupations at the National Qualifications Framework level 4 and above.
25 points
These funds are held in one or more regulated financial institutions 25 points
These funds are disposable (free to spend) in the UK 25 points
English languageYou can score these points if you:

  • Are a national of a majority English-speaking country; or
  • Pass an English language test approved by us; or
  • Hold a degree that was taught in English and is equivalent to a UK bachelor’s degree or above; or
  • Are currently in the UK under Tier 1 (General) or Tier 1 (Entrepreneur), as a business person, or in the Highly Skilled Migrant Programme.
10 points
MaintenanceTherefore you must show that you have:

  • £3,100 in personal savings for 90 consecutive days if you are applying from outside the UK; or
  • £900 in personal savings for 90 consecutive days if you are applying from inside the UK

.

10 points

Extension Applications

If you are already in the UK under Tier 1 (Entrepreneur), or as a business person or innovator under the former Immigration Rules, the table below shows how you can score points to extend your stay under Tier 1 (Entrepreneur).

Investment in UK businessYou have invested, or had invested on your behalf, not less than £200,000 in cash directly into one or more businesses in the UKor

You have invested, or had invested on your behalf, not less than £50,000 in cash directly into one or more businesses in the UK

20 points
Registered as a director or as self-employedYou have:

  • Registered with HM Revenue & Customs as self-employed; or
  • Registered a new business, of which you are a director; or
  • Registered as a director of an existing business.
20 points
Engaged in business activityYou are engaged in business activity at the time of your extension application, and you can prove that within the last 3 months you have been:

  • Registered with HM Revenue & Customs as self-employed; or
  • Registered a new business in which you are a director; or
  • Registered as a director of an existing business.
15 points
Created new jobsYou have:

  • Established a new business or businesses that has/have created the equivalent of at least 2 new full-time jobs for people settled in the UK; or
  • Taken over or joined an existing business(es), and your services or investment have resulted in a net increase in the employment provided by the business(es) for people settled in the UK by creating the equivalent of at least 2 new full-time jobs.

If you are currently in the UK under Tier 1 (Entrepreneur), the jobs must have existed for at least 12 months of your current permission to stay.

20 points
English languageYou can speak English to the required standard – you will automatically meet this requirement 10 points
MaintenanceTherefore you must show that you have:

  • £3,100 in personal savings for 90 consecutive days if you are applying from outside the UK; or
  • £900 in personal savings for 90 consecutive days if you are applying from inside the UK.
10 points

Note: Your personal savings must not include money used as the basis of your points claim to have £200,000 in investment funds.

Contact our solicitor immediately for legal advice and you need to take action in timely,
Call us on 020 3130 1747 or E-Mail us at info@legendsolicitors.org

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