Tier 1 Entrepreneur Visa
The Tier 1 Entrepreneur visa offers a visa route for those who want to establish, purchase or join a business in the UK and work at running the business. Applicants may be able to apply from outside the UK or, in some cases, from within the UK, and their close family members can apply with them.
Applicants need to hold a certain level of funds to invest into the business – the amount is up to £200,000 but in some circumstances it can be less. They also have to submit a good business plan with the application.
If the application is successful leave is granted initially for three years or more, and this leave may be extendable if the applicant has invested their investment funds appropriately and if they have created at least two full-time jobs or equivalent in the business. After five years it may be possible to acquire indefinite leave to remain.
If the business has done exceptionally well it may be possible to acquire indefinite leave to remain in just three years.
The visa holder is not allowed to work for any business other than their own business.
There is an English language requirement.