At Healys Solicitors our specialist Immigration Lawyers have years of experience in dealing with tier 1 entrepreneur visa. Our dedicated team will be able to guide you through the process and offer a tailored service to fit your needs.
The tier 1 entrepreneur’s visa is a route that enables foreign individuals to obtain residence by setting up or taking over, and being actively involved in the running of, one or more businesses in the UK.
To access the visa you will need to invest £200,000 GBP in cash directly into one or more businesses in the UK. The money must be disposable in the UK and you will have to provide evidence that the money is being held in one or more regulated financial institutions. As the applicant you will also need to meet the English Language requirement (B1 English test) and meet the maintenance requirements.
Once you gain access to the visa you will initially be given 3 years and 4 months of leave to enter the UK. You will then have to register as a company director, or as self-employed within the first 6 months. You will have to invest £200,000 GBP into a UK business either by investing into an existing business or establishing a new business. With the investment you must create at least two new full time jobs for persons settled in the UK in which they must work for a minimum of 12 months. You must also be engaged in business activity at the time of this application for leave to remain (the extension application).
You are able to rely on third party funding in order to raise the £200,000 GBP and this can be from a relative, any other investor and any corporate body. You are also able to raise the funds as a pair of entrepreneurs using the same £200,000 GBP.
Under the visa you will not be permitted to work anywhere other than in the business you have established, joined or taken over (but dependants are free to take any employment). Your investment should not include the value of any residential accommodation or be in property development or property management. Also the investment should not be in the form of a director’s loan, unless it is unsecured and is subordinated in favour of the third-party creditors.
It is possible for a person who is already in the UK in certain categories to switch into the entrepreneur category.
With the entrepreneur’s visa you are able to bring your dependants into the country. These are usually classed as:
You will be entitled to indefinite leave to remain (ILR) if you reside in the UK for at least 185 days per year. You are permitted to leave the UK for up to 180 days per year.
You will be eligible to apply for ILR after five years of residing in the UK. You may apply for accelerated ILR at any point after three years if 10 full time jobs for resident workers have been created with each job lasting for at least 12 months. You will also be able to apply for accelerated ILR if your company has generated a total turnover of £5,000,000 GBP over a three year period.
The experienced Immigration team at Healys Solicitors will prepare and submit your tier 1 entrepreneur visa application (and those of your dependants) from the UK.
We will ensure that all supporting documents are carefully drafted to ensure compliance with UK Immigration Rules and specifically assist your bank and/or third-party funders to produce financial documents that also comply with the rules.
We’ll advise you on the best type of application for your situation and give you the insight you need to make informed decisions along the way. We aim to not only make the process as smooth as possible but to enhance it and improve the chances of your permanent residence application being successful.
We’re a law firm that understands its customers and treats every individual case as something new. We focus on building relationships with our clients to ensure that we can provide them with the best legal representation and advice that we possibly can. With several decades of experience across different aspects of law, including immigration, we believe that we’re in a unique position to offer our clients the best advice available on managing and processing UK visa applications.
9th January 2019
The Government has taken steps to halt the ‘Tier 1 Investor’ visa scheme after it became clear that it was being used to launder the proceeds of criminal activity and tax evasion. Continue reading »
31st October 2018
The Immigration Health Surcharge (IHS) payment has not been increased by the Home Office since its introduction in April 2015. Continue reading »
22nd June 2018
On 21 June 2018 Immigration Minister Caroline Noakes announced that EU citizens will be able to apply for settled status in 3 easy steps for less than the price of a passport. Continue reading »
12th June 2018
With less than one year to go before Brexit, it has now become clear that EU Nationals living in the UK need to apply for an EEA Permanent Residence card. Continue reading »
15th February 2019
The Starr Trust, one of Brighton’s leading children’s charities recently appointed Partner and Head of Media at Healys, Nicholas Taylor, as Ambassador. Continue reading »
8th February 2019
Healys are delighted to announce that they have been shortlisted for the second time in two years to win “Mortgage Conveyancer of the Year” at The Mortgage Awards. Continue reading »
7th February 2019
The 30th anniversary of MIPIM is just around the corner, and once again Healys will be attending. This year our team will be joining the Egypt Delegation, and will be based in The Palais Des Festivals. Held between the 12th and the 15th of March in Cannes, MIPIM is the largest real estate networking event in the property calendar. This year there are expected to be 24,000 delegates from over 100 countries, and three distinct teams from Healys will be attending the 4 day event. Continue reading »
21st January 2019
Healys LLP is happy to announce that following on from the addition of the Debt Capital Markets team last year, it has received formal confirmation of its first bond listing on the Cyprus Stock Exchange. Continue reading »