Guidance and Requirements for Tier 1 Entrepreneur Extension

The UK Tier 1 Entrepreneur Visa is for those businessmen who want to start up and run a business in the United Kingdom. Such businessmen need to invest £200,000 in their businesses and also need to have sufficient knowledge i.e. B1 level of English.

The Initial Requirements of Tier 1 Entrepreneur Visa

The applicants who wish to apply for the Tier 1 Entrepreneur Visa should have access to about £200,000 to either invest in a new or an existing UK company. Another alternative to the investment of £200,000 is to invest £500,000 from at least one or more registered capitalist firms on the terms of establishing or expanding the existing business in UK.

The applicants who wish to migrate to UK on the Tier 1 Entrepreneur Visa need to also meet the English requirements and the maintenance requirements.

The Tier 1 Graduate Entrepreneurs and also the Tier 1 PSW migrants can also take the advantage of the £500,000 capital requirement if their business offers the services that are classed at NQF level 4 and above. One can also hire the services of best immigration lawyers London to assist them with the process.

The migrants who plan to come to UK as Tier 1 Entrepreneur migrants can also come to the country initially as the Prospective Entrepreneurs so that they can negotiate the financing backing for their project. Such Prospective entrepreneurs can also switch to Tier 1 category within United Kingdom after they receive the funding.

How to Switch to the Tier 1 Entrepreneur?

Any person who holds the below mentioned Visa can switch to an in country Tier 1 Entrepreneur Visa.

-          The Tier 1 General Visa

-          Tier 1 Post study work visa

-          Tier 1 Graduate Entrepreneur migrants

-          Tier 1 Investors

-          Tier 2, both General and the Intra Company Transfer Visa

The Tier 4 migrants cannot switch to the Tier 1 Entrepreneur visa in UK. Such migrants will have to return back to their own country and then apply again for the clearance.

The Requirements for stay extension

The requirements for Tier 1 entrepreneur extension includes a demonstration about the establishment of UK business and that the said investment of £200,000 has been made. The business thus established also needs to have atleast two full time jobs which should have existed for a period of atleast 12 months.

Though the process of Tier 1 entrepreneur process can sound complicated, it can be made easy by hiring the services of a reputed and knowledgeable immigration lawyer. With changes happening to the immigrations laws time and again, these lawyers will be able to provide you with updated information.

As per the new immigration rules that came up with the month of April, the Tier 1 Entrepreneur migrants can now apply for accelerated settlement to remain in United Kingdom after residing three years in the country and if their business has created about ten jobs or if the business has a turnover of atleast £5 million in a period of three years.

 

Visit here: http://reissedwards.co.uk/ for guidance about Tier 1 Entrepreneur Extension