UK Tier 1 Visa for entrepreneurs
Individuals that wish to work in the UK are required to obtain a UK work visa. There are various requirements that need to be fulfilled in order to acquire the UK tier 1 visa for entrepreneurs, one of which is being actively involved in a business.
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UK Tier 1 Visa for entrepreneurs explained
The UK tier 1 visa for entrepreneurs is only granted to non-European migrants who wish to invest in the United Kingdom by starting up or taking over a business in the UK. Individuals need to demonstrate that they are actively engaged in the business industry either by establishing or running a business in the UK.
In line with the UK point base visa system, applicants are required to score a minimum of 95 points in addition to meeting the other requirements. Moreover, individuals who wish to obtain the tier 1 entrepreneur visa must have access to a minimum of £200,000; this amount must be held in a regulated financial institution and be disposable to be spent in the UK. Other required documents to obtain the work visa include the following;
- Evidence of English language ability
- Evidence of sufficient funds for maintenance in the UK
- Valid passport
- Recent passport size photographs
It is important that applicant fulfills the criteria in order to be granted the UK tier 1 visa for entrepreneurs. When applying for the visa, it is recommended to ensure that there are no gaps or missing documentation in your application as this can lead to unnecessary delays. Therefore it is advised to seek the assistance of a professional consultancy firm to complete this process successfully, ensuring that your visa is attained in a professional manner and that you are in compliance with the UK visa regulations.
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