The Tier Visa system in the United Kingdom is a points-based visa category system. To be eligible for a visa, applicants must achieve a certain amount of points on an assessment test. The test takes into account a variety of characteristics, including your age, English language proficiency, and other factors relevant to the Tier in which you apply.
If you come to the UK to live under a Tier category, you may be eligible for UK settlement or possibly citizenship.
Tier 1 Entrepreneur visa holders can do the following:
In the United Kingdom, start or direct one or more enterprises;
- Engage in a variety of business activities, including self-employment.
- Bring your family and/or any dependents to the UK with you.
- By forming an Entrepreneurial Team, you can share the same investment money with another Tier 1 Entrepreneur Visa holder. These money cannot be used in a subsequent visa application with a different team.
What is a Tier 1 Entrepreneur Visa, and how does it work?
The Tier 1 Entrepreneur visa is a British Point Based System business visa for international businesspeople who plan to invest between £50,000 and £200,000 in the UK. They can either start a new firm or join an existing one as a business partner. Tier 1 Entrepreneur Visas are granted for a period of three years and four months.
Tier 1 Visa Types
Tier 1 visas are reserved for high-value migrants in the United Kingdom. The following visa sub-categories are now available under the UK Tier 1 category:
1st level (Exceptional Talent)
Persons who have achieved international acclaim in the sciences or the arts.
Tier 1 (Entrepreneur): Individuals who want to start, take over, or be involved in the operation of a business or firms in the United Kingdom.
Tier 1 (Investor): Individuals who wish to make a substantial financial investment in the United Kingdom.
Tier 1 (General) is a category for highly skilled professionals that is currently closed to people from outside the UK and most people from within the UK.
Tier 1 (Graduate Entrepreneur) Non-Europeans who have been recognised for creative or entrepreneurial talents after graduating from a UK higher education institution.
UK Tier 1 Investor Visa Requirements
To be eligible for a Tier 1 Investor visa, you must meet the criteria below:
Have funds equating to a minimum of £2 million belonging to yourself, your business partner or a combination fo the two
Your money must be held in a regulated financial establishment
Your money must be freely transferable to the United Kingdom and converatble to GBP
You must have an open bank account with a UK regulated banking provider for the purpose of investing
Can Tier 1 Investors Work In The UK?
The UK Tier 1 Investor Visa allows you to live, work, study, and conduct business in the United Kingdom. You are welcome to bring members of your immediate family.
What Does Tier 1 Visa Mean?
Tier 1 visas are for high value migrants, such as investors and entrepreneurs with capital to start or invest in a business in the UK, graduates with a business plan approved by the government, and individuals assessed to have extraordinary talent in their field of expertise.
What is the procedure for obtaining a Tier 1 Entrepreneur Visa?
You must submit your Tier 1 Entrepreneur Visa application from outside the UK, specifically from your home country, three months prior to your scheduled trip date. You must submit your application online through the UK governments official website, where you will be required to provide some basic information about yourself and your reason for visiting the UK, as well as upload scanned copies of your original documents.
If you are visiting the UK for the first time, you must make an appointment at the nearest application centre, UK embassy, or consulate in your home country, where you must provide biometrics and a photograph.
When a person is already in the UK on a valid visa and wishes to do one of the following things:
- Change your visa to a Tier 1 Entrepreneur visa if you already have one.
- Boost the number of Tier 1 Entrepreneur visas available.
- Changing from a Tier 1 to a Tier 1 Entrepreneur Visa
You can apply to change your visa to Tier 1 Entrepreneur if you are in the UK with one of the following visas:
- Tier 1 Investor;
- Tier 1 Graduate Entrepreneur;
- Tier 2; A tourist who is permitted to participate in activities as a potential entrepreneur;
- Tier 1 Post-Study Work;
- Tier 1 General;
- Tier 4/Student Categories
What is a Tier 1 Entrepreneur Visa, and how does it work?
Candidates must also provide biometric information, such as a photo and fingerprints, at designated Post Offices when transferring their visa to Tier 1 Entrepreneur, a service that costs £19.20. If the candidates application for a change of visa is successful, they will be issued a Biometric Residence Permit. While your application is being processed, you are permitted to remain in the United Kingdom.
With a shifted visa to Tier 1 Entrepreneur, there is a three-year limit on how long you can stay in the UK.
Applicants who want to switch to a Tier 1 Entrepreneur Visa must meet the following requirements:
- Have a minimum of £50,000 in cash on hand
Maintain a continual business presence.
Pay the Surcharge for Medical Care
Be a self-employed person or a director of a company registered with HM Revenue and Customs (HMRC) or Companies House.
UK Visa Types
A Visa is required for any foreign national wishing to enter the United Kingdom.
| UK Family Visa | UK Refugee Visa | UK Transit Visa |
| UK Standard Visitor Visa | UK Study Visa | UK Business Visa |
| UK Work Permits | UK Spousal Visa | UK Settlement Visa |
| UK Parent Visa | UK Child Visa |
You must also apply for the Standard Visitor Visa if you plan to study in the United Kingdom for a brief amount of time or if you need to transit through the nation.
Who would benefit from a Tier 1 Entrepreneur Visa?
In order to be eligible for a Tier 1 Entrepreneur visa, the applicant must be a citizen of a country that is not part of the European Economic Area (EEA) or Switzerland, as well as have the intention of investing the aforementioned quantity of money in a UK firm.
In addition, the applicant must have full access to a minimum of 50,000 pounds sterling and a maximum of 200,000 pounds sterling in investment capital allocated to a UK-based business.
People Also Asked...
If your UK visa application is denied, you may either give up or:
• Resubmit an application for the visa. If you reapply, be careful not to make the same error or that you have improved your circumstances to fulfill the standards.
• Appeal based on human rights. It would help if you had solid grounds for appealing a visa denial judgment.
• Contest the ruling via judicial review. You may do so if you have compelling cause to suspect that your application was denied unlawfully or unreasonably or that your application file was processed with procedural unfairness.