Tier 1 visa has been introduced in the year 2008 in the United Kingdom for people who are eligible to obtain the visa of UK to start migrating to the UK and start working there or set up a business and this particular scheme has henceforth replaced all other visa schemes that were present previously.
Talented people coming from various categories like entrepreneur willing to set up a business in the United Kingdom or willing to actively participate in the running of business activities or investing in a business based in UK as well as post graduate students willing to work in England.
There is a point based system through which the willing individuals can obtain points required to qualify for obtaining the visa, however, the points required is different for different categories suitable for the candidates. Generally at least 75 point is required to apply for a tier 1 visa and it depends whether the candidate is applying for an extension or filing for an initial application.
Tier 1 visa can be divided into various categories depending on the kind of work the individual willing to work in the UK is willing to perform and these are category for entrepreneurs, investors, highly skilled persons or potential leaders who fall under the exceptional talent category and finally the student category where the post graduate students (preferably completing their graduation from a UK based university) are allowed to work in the UK.
The criteria for people applying for initial visa and the people applying for an extension are different and in order to score 75 point attribute the candidate must have access to at least 200,000 pounds in a FSA regulated bank based in United Kingdom and registered venture capital firm which should also be under FSA regulation can provide 50,000 pounds.
In order to obtain the forms smoothly and avoid any hassle in the procedure several people need help from various agencies that help individuals in obtaining their visa; these companies assist the individuals from start to finish and work on no win no fee basis.
Any budding entrepreneur having access to 200,000 pounds and willing to start a business in the UKare eligible for applying for the tier 1 visa category and several agencies are there to help and assist the individuals. The method by which these agencies help candidates varies from helping in the attainment of form, filling up the form, help regarding attainment of the attributes in the form of points.
If a candidate possesses an amount of 200,000 pounds or proves that the money is his own then he or she is eligible to obtain 25 points, the fund shown by the applicant must come from a regulated financial institution under appropriate jurisdiction and this earns the candidate another 25 points, finally ensuring that the funds which are accessed are disposable in the UKearns another 25 pints; further knowledge of English also is an added benefit.
