The Tier 1 entrepreneur visa is offered by embassies representing the United Kingdom worldwide. It is especially popular for bright and hardworking individuals living in third world countries to apply for the Tier 1 visa. This is because they feel disillusioned by the economic crisis in their own countries and they hope to get a fair and just chance to prosper in a nation which gives equal opportunities to all people – a country that understands the worth of special talent. However, a lot of people are unable to successful apply for the visa simply because they are unaware of the different requirements.
Eligibility guidelines
Even though the tier 1 visa is a great opportunity for all, not everyone aspiring to be an entrepreneur can apply for the visa. In order to be eligible, the person should be located outside of the European Economic Area (or EEA) and Switzerland. Also, the applier must have at least fifty thousand pounds as investment cash in hands. These funds must be stored in either one or more than one financial institutions and should be disposable or free to expend within the United Kingdom. Other eligibility terms will judge the applier’s ability to speak proficient English and should score a high rank on a simple entrepreneur test. Also, the applier must be over sixteen years of age.
Documents
There are specific documents that the applier must provide to prove his/her worth. First and foremost, a tier 1 visa business plan must be presented to the officials. This must describe the entrepreneur’s ideology and aims for his business. It is recommended that people hire special business planning experts to write this plan down in the most presentable way possible. The passport will need to be provided along with passport-sized pictures of the applier. Evidence of the investment funds’ availability must be provided too. Also, the officials will need to see proof that the applier is able to speak English proficiently. Visit the official UK embassy website to learn more about English Language Tests.
Family
The applier can also bring in a few of his/her family member into the country for support. The family members that they invite must be dependent on the applier. His/her spouse and child under eighteen can come to the country. A child over eighteen can be given entry too, if he/she is already living inside the United Kingdom. The family’s savings must be shown to the officials and the applier must be able to show evidence of his/her ability to fully support the family. There are special guidelines for people applying from Cuba and North Korea. Special permission must also be taken for a new child born in the UK.
Visa
There are separate requirements for people who have different amounts of investment cash available to them. For example, people with 50,000 pounds will have separate requirements as compared to people with 200,000 pounds. Again, there will be separate tier 1 visa business plan write-ups required. Again, it is recommended that people employ the help of business planning experts.
