Tier 1 Entrepreneur Visa – UK

Obtain a 3 years 4 months visa

Invest at least £200,000

Own a business in the UK

Tier 1 Entrepreneur Visa – UK

UK Tier 1 Entrepreneur Visa

While most people dream of visiting the UK, here’s your chance to not just visit but to live and work there. If you are a non-European and have £200,000 in invest, then Tier 1 Entrepreneur Visa is for you. The United Kingdom invites entrepreneurs who wish to set up and run a business in their country.

This visa type is largely popular among the Indian entrepreneurs and investors. It not just allows them to own a business in the UK, but also lets them live there with their family for 3 years and 4 months and another 2 years of extended period.

Moreover, the Tier 1 Entrepreneur Visa holders can apply for settlement (also referred to as “indefinite leave to remain”) after a period of 5 years stay in the UK. That’s not all. There are more benefits in store for successful applicants.

You can check your eligibility with Y-Axis to know if you qualify and what are the benefits you can avail. Some common benefits are however mentioned below.

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Benefits

  • Low investment amount i.e. £200,000.
  • Live in the UK with your family for 3 years and 4 months.
  • Get Tier 1 Entrepreneur Visa extension for 2 years.
  • Access UK healthcare and education benefits.
  • Easy and quick processing.

Eligibility

Going to UK on a Tier 1 Entrepreneur Visa requires you to clear a point based test. The points requirements are calculated as per investment funds, language skills, and maintenance funds. To break these three requirements further:

  • You must have access to £200,000.
  • Can have 2 – 3 sponsors ready to invest.
  • Partner with another individual and show a combine net asset value of £200,000.
  • Have funds in a regulated bank or a financial institution.
  • You must be able to transfer the funds to the UK.
  • Meet the English language requirements either with IELTS for UKVI (with 4 in each band) or a UK NARIC assessment for qualification and English Language Equivalency for a recognized Bachelor’s degree.
  • Fulfill the maintenance fund requirements.

Points Criteria

In order to qualify you need to score 95 points under Investment  attributes, Language Skills and Maintenance funds as per the  below table.

Access to investment funds  
You have access to not less than £200,000 25 points
These funds are held in 1 or more regulated financial institutions 25 points
These funds are disposable (free to spend) in the UK 25 points
English language  
You can speak English to the required standard 10 points
Maintenance  
You have enough money to support yourself while you are in the UK 10 points

 

*Maintenance Funds – You need to maintain £3310 for 3 months (Main Applicant) and £ 1890 per dependent for 3 months in a regulated bank prior to application submission.

Investment funds £200,000 should be maintained for 90 days prior to the application.

Application Cost

Who you’re applying for

Apply online or by post in UK

Apply in person outside the UK

You

£1,277

£1,021

You (if you’re from Turkey or Macedonia)

£1,222

£966

All dependants

£1,277 each person

£1,021 each person

*Note:-You’ll also have to pay the Healthcare surcharge as part of your application and any additional VFS cost.

Process Time

Once an application is submitted at the UK Embassy, the process time is 2 – 4 weeks.

The process time may increase if the Embassy schedules an interview.

Y-Axis Process

Our Full Service & Processing Includes:

  • Documents Checklist.
  • Complete Application Processing.
  • Forms, Documentation and Petition Filing.
  • Business Plan Guidance and Preparation.

Why Choose UK?

  • The United Kingdom of Great Britain and Northern Ireland, is commonly known as the United Kingdom (UK) or Britain.
  • The UK is a developed country and has the world’s seventh-largest economy by nominal GDP and the eighth largest economy by purchasing power parity.
  • It was the world’s first industrialized country and the world’s foremost power during the 19th and early 20th centuries.
  • The UK remains a great power with leading economic, cultural, military, scientific and political influence.
  • It is a recognized nuclear weapons state and its military expenditure ranks fourth in the world.
  • Population: 62,262,000.
  • Capital: London
    • Currency: Pound(GBP)
  • Today, Indians comprise about 1.4 million people in the UK.
  • Indians are single largest visible ethnic minority population in the UK.
  • Indians make up the largest subgroup of British Asians, and are one of the largest Indian communities in the Indian diaspora, mainly due to the Indian-British relations.

The British Indian community is the fifth largest in the Indian Diaspora.

Testimonials

Y-Axis 6 months ago
Processed my UK visa through Y-Axis and it was a very good experience. My entire visa process was handled by their Process Consultant Jyothi Reddy. She was very professional in her work with quick res… Read More
Y-Axis 6 months ago
Processed my UK visa through Y-Axis and it was a very good experience. My entire visa process was handled by their Process Consultant Jyothi Reddy. She was very professional in her work with quick res… Read More
Y-Axis 8 months ago
Review By ; Joy Innocent The assigned process consultant, Jyothi, is excellent, she knows the subject well, and organizes and guides us in a professional way. I had processed my earlier visas… Read More
Y-Axis 8 months ago
Review By : Srinidhi Krishnamachary I approached Y-Axis with a prior USA business visit refusal and this time i was applying for a USA visit visa to visit me sister in law and her family to c… Read More
Y-Axis 8 months ago
Review By : Pallavi Deshmukh As usual I have a same experience with Y-Axis, I have applied for UK visit visa to meet my daughter during this Christmas and New Year. Shabbir is very impressive… Read More
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