Immigration to the UK is based on several factors, and all the more, it is a point based system, and you need to be aware of this system if you want to register success at Visa office. This type of Visa has remarkable differentiation from Tier 1 (Graduate Entrepreneur). You need to show the proof of income and other means of investments, and there should be concrete proof.
What are the pre-requisites of Tier 1 Entrepreneur Visa?
Each type of Visa no matter the purpose it holds has certain prerequisites. These pre-requisites have to be strictly adhered to, right from the scratch. Here are the pre-requisites where you need to show your awareness:
Minimum of 200,000 available for investment
The prospective applicant to this type of Visa should hold the business venture in position of the director
It is also very important for prospective applicant to speak English to required proficiency levels
The applicant should prove sufficient information on his or her financial condition that would make authorities confident to provide support for themselves as well as accompanied members.
It is mandatory for the prospective applicant to take good share of business liabilities. He or she, by way of opening business in the UK must be successful in creating employment for at least 2 EEA residents.
The applicant has complete freedom to open any type of business activity; but should show full time engagement towards his or her business. He or she should not get engaged in any part time business activity apart from his or her own business.
The prospective applicant should have plenty of usable funds available with him or her to sustain the business activity, until it reaches to the levels where it becomes profitable.
The business plan put forth by prospective entrepreneur should be practical, goal oriented and convince the UK Visa authorities.
These pre-requisites seem to look simple, if considered from a wider sense. However, each of these listed prerequisites need to adhere to further requirements, both in terms of providing documentation as well as professional advice.
Conditions for Tier 1 (Entrepreneur) Visa
Once you qualify for the Tier 1 Entrepreneur Visa, you are going to get a 2 years Visa
Further extension of 3 years is awarded until the time business operations are heading in positive direction
Appropriate investment has been made by prospective investor and 2 jobs are created
The prospective applicant after a period of 5 years becomes eligible for applying to Indefinite Leave to Remain (Permanent Residency)
Business partners as well as their dependant children are naturally granted this Visa and have full freedom to work and join any school or university
Proceeding ahead
Having sufficient knowledge on Tier 1 Entrepreneur Visa will not do any real good, until and unless, you do not have a professional Immigration consultant working on your case file. The consultant should be OISC registered, and he or she will provide you advice and help on Visa applications and tackle all legal issues arising out of the Visa.
The Immigration firm should have experience as well as legal knowledge. Moreover, the firm should have been successful in proving guidance and other valuable piece of advice to entrepreneurs in the past. A look into work portfolio of firm will turn out to be of great help.
The professional Immigration law firm has resources, knowledge and everything else that is necessary to deal with issues related to Immigration. The law firm has good in-depth knowledge on the UKs point based system.