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Points Based System Tier 1

If you are an entrepreneur who wishes to set up a business in the UK, you can apply to come to the UK with a £200,000 investment, or with a £50,000 investment from either:

  • a registered venture capital firm who is regulated by the financial conduct authority.
  • or an entrepreneurial seed fund as endorsed on the UK Trade and Investment website.
  • or if you have funds that have been made available to you by a UK government department which has made funds available for the specific purpose of establishing, or expanding a UK business.

You will need to be able to demonstrate that the funds are disposable in the UK. You will also need to show that the funds are held in a regulated financial institution. Additionally, you will need to meet the English language requirement. You will also need to be able to prove that you can personally maintain yourself by having certain funds in your account.

Family Members

Your family members can be brought with you as dependants. After the residence period of 5 years, you and your family members can then apply to settle in the UK.

In order to apply for an extension after the initial period of grant of leave, you will need to demonstrate that you have invested the money in a UK business. Or you will need to demonstrate that you have registered as a director as a UK company at Companies House, or registered as self-employed with HMRC within 6 months of arriving in the UK. You must also have created the equivalent of 2 full-time jobs for people who are settled in the UK.

At FJG we can assist you with the application from the inception of your business plan, right through to the submission of your application. We also have a strong team of lawyers that can advise on obtaining the lease for your business, the employment law aspect for employing workers, as well as the requirements for actually setting up a business in the UK. We can also help with any other advice you may need in relation to your family; such as enrolling your children in schools.

To speak with one of our business immigration law specialists, contact us – call 01206 835270 or email [email protected] / [email protected].

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More Information on Entrepreneurs & Investors

Graduate Entrepreneurs

This immigration route is open to students with an MBA, and other graduates, who have been identified by Higher Education Institutions as having developed genuine and credible business ideas and entrepreneurial skills. This route is designed to help those students extend their stay in the UK after graduation; in order to enable them to establish a business in the UK.

This is a category under the Points Based System, under Tier 1. We can advise on the specific requirements, procedure as well as the required documents, and also help you prepare the application itself to give it the best chance of success.

To speak with one of our business immigration law specialists, contact us – call 01206 835270 or email [email protected] / [email protected].

Prospective Entrepreneurs

The UK Border Agency has introduced a category of visitor visas for people who are in discussions with venture capitalists or UK government departments to join, set up, or take over and run a business in the UK.

As a prospective entrepreneur, you will be entitled to come to the UK for a maximum period of 6 months so that you can attend appointments to secure funding in order that you can go on to meet the requirements for Entry Clearance as an entrepreneur. If you are granted a visa as a prospective entrepreneur, you will not be allowed to switch to the entrepreneur category from within the UK. However, this is a useful immigration category to apply under so that you can come to the UK in order to arrange your business affairs.

Application Support

You will need to be able to demonstrate that one or more of the following organisations are supporting your application and are considering funding your proposed business:

  • One or more registered venture capitalist firms regulated by the financial conduct authority.
  • One or more UK entrepreneurial seed funding competitions which are listed as endorsed on the UK Trade and Investment website or one or more UK government departments.

The total amount of proposed funding must be at least £50,000. In addition to meeting these requirements, you must be able to demonstrate that you meet the requirements for a visitors visa (visitors visa advice page). You will only be allowed to remain for a maximum period of 6 months in any 12 months and then you will need to return to your own country to apply for an entrepreneur visa (entrepreneur visa advice).

We can assist you with the visa application and any associated documentation that you need to submit with the application. We can then also help you prepare the entrepreneur visa application. The requirements for this route are very specific; as are the documentary requirements. We can help guide you through the entire process.

To speak with one of our business immigration law specialists, contact us – call 01206 835270 or email [email protected] / [email protected].

Investors

Points Based System Tier 1

The Investor category allows investors to qualify to live in the UK. This could also provide a fast track route to settlement (Indefinite Leave to Remain) in the UK; depending on the amount of money you have available.

You can apply under the investor category if you have £1 million in money held in a regulated financial authority institution under your control. Alternatively, you can apply to come to the UK under the investors category if you have a personal net worth exceeding £2 million (taking in to account your liabilities) and have £1 million loaned to you under your control in a regulated financial authorities institution.

As an investor, you will need to score points under Tier 1 of the Points Based System. You will not need to meet the maintenance requirements or the English language requirement. Additionally, there is no need for you to demonstrate that you will be working in your own business.

You can obtain Indefinite Leave to Remain after 2 years if you have invested £10 million. If you have invested £5 million you can obtain Indefinite Leave to Remain after 3 years. For investments of £1 million, the requirement remains that you should be in the UK for 5 years, before qualifying for Indefinite Leave to Remain.

We can assist you with the initial investor application, as well as extensions for further leave to remain.

These applications are attractive to people who wish to come to the UK with their families to settle; after having invested in the UK economy.

To speak with one of our business immigration law specialists, contact us – call 01206 835270 or email [email protected] / [email protected].

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