The United Kingdom is one destination which, lately, has been attracting a significant number of entrepreneurs from across the world — thanks to its attractive and pro-investor and business friendly environments.

This takes us to the much famous Tier 1 Entrepreneur Visa of the nation! Much like the other classes of the Tier 1 Visa, the UK inspired aspirants — keen to apply as entrepreneurs there — do not require having a sponsor, to realize their dreams. This is not to suggest that they do not require catering to certain particular requirements to successfully make the cut.

To begin with, it is essential that the candidates have established or acquired the control of a British enterprise. The starting investment may be as insignificant as £50,000 — provided the money comes from a venture capitalist, a seed competition, or a government organization.

On the ground of this funding, a maximum of two business partners could duly file an application for the visas of the country. Those interested in the Tier 1 Entrepreneur Visa, who fail to cater to this requirement, could still duly apply — provided they have made an investment of £200,000 or above on the British soils.

To inspire increased business activity inside the borders of the country, the nation’s immigration authorities provide the entrepreneurs with a fast-track option to permanent settlement, even as this is to be had freely by those who may either come up with 10 jobs, or create over £5 million, during a course of three years. This fast-track scheme enables the keen entrepreneurs to settle on a permanent basis in the country, within a period of just three years.

Much significantly, the keen aspirants may file an application – from both inside and outside the borders of country.