The Tier 1 Entrepreneur Visa UK is for individuals from countries outside of the European Economic Area and Switzerland who want to establish or acquire a business in the UK.
To qualify under this route, you must evidence that you have access to at least £50,000 in capital from a registered venture capital firm, seed funding competition or government department or £200,000 of personal wealth, which can include third party backing.
A Tier 1 Entrepreneur Visa will allow you to set up your own business as a self-employed individual, or take over the running of one business or more. Under the Tier 1 Entrepreneur Visa, you can include your immediate family in your application, including your spouse, and any children under the age of 18.
As a Tier 1 Entrepreneur Visa applicant you must also meet the standard English language requirements, as well as evidence you are able to support yourself during your time in the UK.
In addition, as you must demonstrate to the UK Visa and Immigration authorities that you are a “Genuine Entrepreneur” intending to establish, take over or join one or more businesses in the UK, it is now a legal requirement to produce a detailed business plan to support your Tier 1 Entrepreneur visa application.
This critical document needs to satisfy the authorities across a number of themes, including clearly detailing your professional experience, market research, business growth strategy, competitor analysis, the employment your business will create, the professional services you have engaged, as well as what you intend to spend your investment funds on. It is not uncommon for immigration officers to ask you in detail about your business plan at interview.
The Advantages of Using the Britannia Capital Group
To ensure your Entrepreneur Visa applicationis met with the highest degree of efficiency and expertise, the Britannia Capital Group provides three distinct advantages that we believe sets us apart from our competitors.
- Network of top-ranking immigration legal firms:
With a very high success rate, our network of immigration lawyers all have proven and substantial experience of Tier 1 Entrepreneur applications, and can assist you with every stage of the process – helping with all forms and documents, as well as application submissions and interviews.
- Access to UK businesses looking for investment:
We have forged strong links with long standing corporate finance firms. Able to source suitable UK businesses looking for investment to expand, our strategic partners are very aware of the Tier 1 programme and actively help investors with the Home Office requirements. By investing in an existing business – already making profits – rather than creating your own from nothing, the Home Office process can be smoother and less risky.
- Tier 1 Entrepreneur business plan service:
As a significant percentage of applications are refused based on failing to meet the “Genuine Entrepreneur” test, should you wish to establish your own business here in the UK, then a robust and credible business plan is integral in satisfying the UK Visa and Immigration officials assessment of your commercial acumen and credibility.
At the Britannia Capital Group we provide a unique Tier 1 business plan service. As every one of our business plan consultants also run their own company, they are ideally placed to know exactly what it takes to operate a successful enterprise here in the UK.
How We Work
In order to prepare your Tier 1 Entrepreneur visaapplication, our process is as follows:
- Meet with you (remotely or in person) to discuss your specific circumstances;
- Introduce you to a specialist Tier 1 immigration solicitor/lawyer to prepare your application;
- Source suitable UK businesses looking for investment to expand;
- Or, based on your input, prepare a comprehensive and detailed business plan
- Facilitate any additional or required introductionsthrough our strategic partner network
With a managed one-stop solution that matches your specific needs, the Britannia Capital Group delivers a truly bespoke and professional service, ensuring your Tier 1 Entrepreneur Visa application has the very best possible chance of success.
If you have any enquiries with regards to our Tier 1 Entrepreneur Visa service please contact us to discuss your requirements and we will get back to you within 24 hours.