ENTREPRENEUR VISA

The Entrepreneur Visa, also known as a Business Status Application grants applicants leave to enter the UK and start a business. Making an application for this visa requires a candidate to start any kind of business in Britain. The business must form the basis of the applicant's employment. Applicants will need to show a minimum investment of 200,000 for their business.

Eligibility
This visa requires the applicants to invest in at least 200,000 in creating a new UK based business. This new UK business must form an applicant's sole employment and they must intend to perform a managerial function within the business.

Candidates must demonstrate the following to be eligible for a visa of this type:

  1. Applicants must show a comprehensive and feasible business plan.
  2. The business must make full time employment for at least 2 EEA nationals.
  3. Applicants must control the business and contribute to its liabilities.
  4. The money invested in the business must be the applicants own money and must not be sourced from any external resource, i.e. loan.
  5. Applicants must have adequate funds to support themselves and any dependants until the business becomes profitable.

Benefits
This visa enables the applicant to live and work in the UK without the need for a UK work permit.

Duration
UK visas are given for a period of 2 years. Applicants must make the full investment and create at least two positions for EEA nationals during this 2 year period, after which the applicant may make an application for an extension of 3 years. After 5 years, this application may lead to Indefinite Leave to Remain in the UK (ILR), then to British Naturalization as a UK citizen.

Dependents
This visa can be used as a route to permanent residency in the UK.

De-Smoothway Immigration Advice Centre can assist you
We have assisted many individuals in moving to the UK on a variety of visas. Our immigration consultants and caseworkers have a wide range of immigration expertise and experience to assist you to find not only the right route into the UK but the best option for yourself from amongst the variety of work permits and UK visas available. De-Smoothway being a leading specialist in UK immigration can assist you in every aspect of your relocation to the UK, from advice on the initial application process to a range of services to assist you once you have arrived in the UK.

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