Entrepreneur Visas UK Immigration Rules
Our Entrepreneur Visa teams consists of commercially aware lawyers who specialise in obtaining this visa for business people looking to relocate to the United Kingdom and those looking to remain in the UK on the visa. Contact our lawyers today to feel the Westkin difference.
What is the Entrepreneur Visa?
The UK has strict controls on who can enter the country and how long they are allowed to stay. Despite this the Entrepreneur Visa remains an opportunity to relocate to the UK for the purposes of business. This is even more important as if you enter the UK using a standard passport or a tourist visa then you are not allowed to work during your stay.
The UK government, on 31st January 2013 made some changes to the Entrepreneur Visas UK immigration rules. If you want to undertake or start a business in the UK as a Tier 1 high value migrant, then the Entrepreneur Visa is the one that you should apply for.
Entrepreneur Visas UK – Who Should Apply
The entrepreneur visas UK system is designed for non-European migrants who would like to play an active role in the UK’s economy, either by setting up their own business or by taking over (or assisting in the running of) an existing business.
The visa is awarded under a points based system, and is only intended for non-Europeans. If you are a national of a European Union country you will not need to apply for the Tier 1 (Entrepreneur) visa. Commonwealth Citizens with UK ancestry, and British Overseas Territories citizens are also exempt from the Visa requirement.
Qualifying For the Entrepreneur Visa
To qualify for the Entrepreneur Visa, you must fulfil requirements based around:
(a) Your English Ability – speaking, listening, writing and reading;
(b) Your initial seed capital of 200,000 GBP;
(c) Your ability to maintain yourself and your family in the UK
(d) Whether you are genuinely seeking to set up a viable business in the United Kingdom.
The above is a summary only. Westkin can of course advise and assist in the preparation of all the documents needed to prove the above criteria.
The Visa is then granted for 3 years and 4 months in most cases.
After 3 years and 4 months, the visa is extended for another 2 years if the following key factors are met:
(a) That the company or self-employment status was registered within 6 months;
(b) That at the time of extension, the company or self employment status is still registered;
(c) That the equivalent of 2 employees have been employed;
(d) That the 200,000 has been spent
These terms are accompanied by complex exceptions and rules around which evidence is acceptable. Westkin can advise on these and of course prepare the entirety of the application to meet this criteria.
In addition, the UK government allows for accelerated settlement – with permanent residency (known as Indefinite Leave to Remain) granted 2 years early (after 3 years in total) if the business employs 10 persons or has a turnover (also known as sales) of 5 million per annum.
Whether permanent residency is granted early or not, and of course in the vast majority of cases the permanent residency is not granted early for the Entrepreneur Visa, the applicant must meet residency requirements.
These are to spend 6 months inside the UK for every year they are on the visa. Again our expert entrepreneur visa lawyers can assist on this.
We can also assist with additional services required by the terms of the visa – this includes:
(a) Company Formation;
(b) Assisting with business plan drafting;
(c) Sourcing the correct accountant for you;
(d) Assessing your business ideas against the Entrepreneur Visa rules;
(e) Introducing to business advisors who can assist with Entrepreneur Visa compliant business sourcing.
We have assisted a substantial number of Entrepreneur Visa clients across a number of industry sectors from many different countries. We pride ourselves on having commercially aware business immigration lawyers in our Entrepreneur Visa teams. We take the time to understand your business and advise accordingly. Once you are under the umbrella of our services, we will take responsibility for the entire process.
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