Obtain a 3 years 4 months visa Invest at least £200,000 Own a business in the UK
While most people dream of visiting the UK, here’s your chance to not just visit but to live and work there. If you are a non-European and have £200,000 in invest, then Tier 1 Entrepreneur Visa is for you. The United Kingdom invites entrepreneurs who wish to set up and run a business in their country.
This visa type is largely popular among the Indian entrepreneurs and investors. It not just allows them to own a business in the UK, but also lets them live there with their family for 3 years and 4 months and another 2 years of extended period.
Moreover, the Tier 1 Entrepreneur Visa holders can apply for settlement (also referred to as “indefinite leave to remain”) after a period of 5 years stay in the UK. That’s not all. There are more benefits in store for successful applicants.
You can check your eligibility with Golden Future to know if you qualify and what are the benefits you can avail. Some common benefits are however mentioned below.
Going to UK on a Tier 1 Entrepreneur Visa requires you to clear a point based test. The point’s requirements are calculated as per investment funds, language skills, and maintenance funds. To break these three requirements further:
In order to qualify you need to score 95 points under Investment attributes, Language Skills and Maintenance funds as per the below table.
|Access to investment funds
|You have access to not less than £200,000
|These funds are held in 1 or more regulated financial institutions
|These funds are disposable (free to spend) in the UK
|You can speak English to the required standard
|You have enough money to support yourself while you are in the UK
*Maintenance Funds – You need to maintain £3310 for 3 months (Main Applicant) and £ 1890 per dependent for 3 months in a regulated bank prior to application submission.
Investment funds £200,000 should be maintained for 90 days prior to the application.
|Who you re applying for
|Apply online or by post in UK
|Apply in person outside the UK
|Main Applicant (if you’re from Turkey or Macedonia)
|£1,228 each person
|£982 each person
*Note:-You’ll also have to pay the Healthcare surcharge as part of your application and any additional VFS cost.
Once an application is submitted at the UK Embassy, the process time is 2 – 4 weeks.
The process time may increase if the Embassy schedules an interview.
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The British Indian community is the fifth largest in the Indian Diaspora.