Decoding Thoroughly UK Tier 1 Visa

Are you interested in acquiring the UK Permanent Residency (PR)? Does the country attract you, and in the hope of earning good money and leading a comfortable life, you are ready to spend the rest of your life there in? If your answer is ‘yes’, then you should submit an application for the UK Tier 1 visa (Entrepreneur). But wait, before you dream any further, you should know more about the Tier 1 Visa.

What is UK Tier1 Visa (Entrepreneur)?

It is basically a point based visa category and best suited for those citizens of the Non European countries who want to start their own business venture in the country. To start with, eligible applicants are granted a temporary work permit to live and work in the nation for exactly three years and four months. The time can be extended further as and when the need arises for the same.

You may also bring along your dependent family members, i.e., partner and children of 18 or less. As mentioned before, initially a temporary permit will be granted, but once you have lived and worked in the country for a period of three years, you will be given a Permanent Residence Visa (PRV).

You may submit an application for the UK PR Visa once you have spent three years in the country and obeyed the laws of the country. The plus and the unique point of the visa is that you are not required to possess any specific skill or experience. All you have to do is meet with the basic educational qualifications, and be fluent in the English language.

Basic Eligibility Criteria

  • You must have at least Bachelor’s Degree with a promising business proposal.
  • You must be a non citizen of Switzerland and European Economic Area (EEA).
  • You must authorize yourself with the higher education institution in UK three months, prior to your departure date.
  • If you are applying outside of the UK, then you must have at least 1,890 Pounds with you as your savings. And if you are in the UK at the time of submitting the Tier 1 Visa application, then the leniency has been granted and you are required to possess only 945 ponds.
  • You must be fluent in English.
  • Your financial sponsor must permit you to live and work in the nation.

What is possible and not possible for you?

You may, among others, either establish or grab the management of one firm or more; offer your professional services for your company, and this comprises being self-employed, however, it is mandatory that you check your work fulfills the specific terms & conditions of being self-employed; and usher-in family members along with you to the nation.

You can’t, among others, do any job outside your firm, i.e., work where you’re hired by a different business; and receive public funds.

What are the major requirements to qualify?

You must have at least 50,000 to 200,000 Pounds to invest in one or more business venture in the country, and should be on the designation of a director. Apart from this you are required to submit a language test score. Generally, the score of IELTS is preferred and not less than six bands will help you. Overall, if you score at least 95 points, then only you will be eligible to immigrate. The candidate is also required to be self-sufficient and he should be able to support his family financially while they stay in UK.

What is the duration to process the application?

It completely depends on your sponsorship and endorsements. In case your business plan is influential and promising, things will proceed real fast. If certain complexities arise, it’s difficult to assume how much time it will take to decide the fate of your application. Thereby, it is advised to process your Tier 1 Visa application under the expert guidance of a professional and experienced immigration consultant.

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