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The Tier 1 Entrepreneur Visa category allows international (outside the European Economic Area (EEA) and Switzerland) business people with access to £200,000 (in some cases £50,000), available for investment, to enter the UK to establish or take over a UK business – either exclusively or as a partner.

The earliest visa can be applied is 3 months before the travel date and it normally takes around 3 weeks for the decision on visa. Entrepreneur visa allows maximum stay of 3 years and 4 months initially and for another 2 years if you’re already in this category. Individuals may be able to apply for settlement (known as ‘indefinite leave to remain’) once they are in the UK for 5 years.

Eligibility

You must have access to at least £200,000 (£50,000 in some special cases) investment funds to apply for a Tier 1 (Entrepreneur) visa. Your funds must be:

  • held in one or more regulated financial institutions
  • free to spend (‘disposable’) on business in the UK

You should be able to provide evidence that the funds are either:

  • your own
  • or made available to you by other people (‘third parties’) such as a spouse, partner or investor – DNS can help you find a partner or investor to help you with this requirement
  • or in a joint account with your spouse or partner but only if they aren’t applying for a Tier 1 (Entrepreneur) visa

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You must also:

  • provide business plan – this is the second most important requirement after funds. You must submit a detailed business plan with your application explaining you proposed business in the UK. DNS Associates can prepare a detailed business plan for you as we have successfully done for many clients over the past several years
  • provide proof that you meet the English language requirement
  • provide evidence that you could support yourself during your stay. This can be done by showing least £3,310 in your account for at least 90 days if you are applying from outside the UK.
  • provide tuberculosis test results if you’re from a country where you must take the test
  • provide criminal record certificate(s) from each country you lived in for 12 months or more in the last 10 years
  • submit application at the visa centre - Once you have all the documents, you must book and appointment online and submit your application at the visa centre. (Our partners can do this for you as well.) It is highly likely that there will be an interview as well where they ask you about your business proposal. More than half of applications in this category get the outcome within 3 weeks (15 working days). In some cases, it may take longer.
Entrepreneur Visa Support Service

Other activities and restrictions

Workers on this visa can work for the UK business they are running in a salaried or self-employed role, but cannot take another job outside of the business

For dependents: There is no restrictions on employment for dependent of Tier-1 (Entrepreneur) holder except that a dependent cannot work as a professional sportsperson (including a coach) and there are some specific requirements to work as a Doctor or a Dentist.

Support & Advice

DNS Associates have been helping its customers for the past 7 years and have helped 100s of people to get entrepreneur visa. We at DNS Associates could help our customers with all the key requirements (Funds and Business Plan) mentioned above. We can provide both the access to funds and well written business plan.

Apart from the above, we can also help you with the following once you arrive in UK post your visa approval:

  1. Business setup: DNS fully takes care of your business set-up. We register your company, help you setup a bank accounts, help you buy relevant insurances. It usually takes 2-3 working days.
  2. DNS can also help you on more practical side of your business set-up. We can help you find a suitable office to start your business. If your business requires other premises such as a
  3. Running the business: Once the company is set, we manage your accounts, run payroll and file tax returns as and when required throughout your business life. DNS Accountants manage accounts for over 4000 business in the UK.

Note: please be aware that the above information reflects our interpretation of the existing rules which are subject to change. Also, this is not an exhaustive information. The requirements may change depending on your personal circumstances.

Please get in touch for more information

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