Tier 1 Entrepreneur and Investor Visas
This visa is for people who want to establish or buy into a business in the UK. The entrepreneur must be able to show that:
- They have access to £200,000; or
- At least £50,000 from regulated venture capital firms, specific UK entrepreneurial seed funding competitions or UK government departments.
- The money is disposable in the UK and will be held in a regulated institution until it is invested in the applicant’s UK business.
- They have a genuine intention to establish business in the UK.
- They have basic English language skills.
- They have sufficient additional funds to cover their personal needs and those of dependant family members.
The application will be granted for an initial period of three years. The entrepreneur must then invest the funds into a new or existing business in the United Kingdom, work in the business, and create employment opportunities for people settled in the United Kingdom. The investment requirement cannot be met simply by purchasing shares in an existing business.
The entrepreneur can qualify for indefinite leave to remain at different times depending on their business activities.
An investor must be able to show that:
- They have at least £2,000,000 in money of their own, under their control, which is disposable in the UK.
- The full investment sum of £2,000,000 must be invested in UK government bonds, or share or loan capital of UK registered companies.
- The applicant must be in control of the investment funds which must be obtained lawfully.
In advance of making the Tier 1 (Investor) Visa application, the applicant should obtain authorisation from a Financial Conduct Authority (FCA) regulated institution in the UK that their investment will be accepted.
The visa will be granted for an initial three years. The investment must be maintained at the minimum level of £2,000,000 to qualify for the extension of stay and ultimately for indefinite leave to remain. The period for settlement depends on the amount invested.