As with the other categories of the Tier 1 UK visa, candidates applying as entrepreneurs do not need to have a sponsor in place. However, applicants must still meet a range of specific criteria. Many poeple who lke this also viewed Tier 1 Investor information.
Tier 1 Entrepreneur Visa UK Requirements
Eligibility criteria for the Tier 1 Entrepreneur visa require that the applicant has set up or taken over a British business. Individuals can make an application both within and outside the United Kingdom.
The initial investment can be as little as £50,000 if the funding was provided by a venture capitalist, a Government Department or a seed competition. Up to two business partners may apply for UK visas on the basis of this funding.
Tier 1 Entrepreneur visa applicants who don’t meet this requirement may still apply with an investment of £200,000 or more.
Fast-track to settlement
In order to encourage more business activity in Britain, UK immigration authorities offer entrepreneurs a fast-track to permanent settlement. This is available to anyone who can either create 10 jobs or turn over more than £5 million in a three-year period. The fast-track initiative will allow entrepreneurs to permanently settle in the UK in as little as three years.
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