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  • Writer's pictureMikhail Adam

Attracting entrepreneurs

The Tier 1 Entrepreneur visa is aimed at foreign businessmen (including high net worth individuals) wishing to pursue their business ambitions in the UK.

It is a popular route as it leads to settlement for both the applicants and their dependants with a further option of accelerated settlement within 3 years if certain conditions are met.

In order to qualify, applicants are required to demonstrate that they have access to at least £200,000 (or £50,000 in some instances) which they can use to establish, join or take over a UK registered company.

These funds can belong to the applicant or to any third parties (spouse/partner/investor) and must be held in a regulated financial institution. For those who are in discussions with securing funding, there is also a business visitor visa available to facilitate meetings held in the UK for that purpose.

For initial applications, applicants are required to submit the following:

  • a business plan

  • a criminal record certificate from any country the applicant has lived in for 12 months or more in the last 10 years

  • evidence of funds

  • evidence of English language proficiency

  • evidence to demonstrate that the applicant can financially maintain himself (and his dependents) whilst in the UK

If successful, applicants will be granted a visa for 3 years which can be extended for a further period of 2 years.

At Montpelier Solicitors, we can provide a tailor-made service encompassing all aspects of the Entrepreneur application process.

Our experienced advisers can not only provide advice on the legal and evidential requirements of this route but also assist with the preparation and submission of the application so as to maximise the chances of success.

We are able to assist with the following:

  • Advise you on the extensive evidential requirements of the Home Office and perform an extensive document check to ensure that they are sufficient for your application

  • Identify investment opportunities and assist you with the preparation of a business plan

  • Assist in setting up the business and incorporating the company in the UK

  • Prepare your visa forms

  • Prepare a representations to the Home Office

  • Ensure that you are properly prepared for your Entrepreneur Visa interview;

For further details, please contact our immigration team.

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