The Innovator route is perfect for those with lots of professional experience, at least. Make an appointment at a UK visa center to have your biometrics (i.e. However, if you have a really great idea that you’re positive you can get approved and don’t necessarily have £2 million to invest via the Investor route, then the Innovator one is still a decent option. Applications are made by individuals directly to United Kingdom Visa and Immigration (UKVI), and not through employers.When you apply, you are awarded points based on your qualifications, previous earnings, UK experience, age, English language skills and maintenance funds. Tier 1 (Investor) visa allows you to stay in the UK for a maximum of 3 years and 4 months. Once you’ve determined that you’re eligible to apply and would like to initiate the process, it goes like this: 1. You will be able to extend your visa online. You could become a naturalized British citizen if you’ve lived in the UK for at least 6 years; various conditions apply. You will be eligible to apply for settlement if you’ve invested at least £50,000 in your business AND you’ve accomplished one of the following: • Your business has created at least 10 full-time jobs This costs £19.20. While applying for citizenship through a UK Tier 1 Investor Visa … Each member of your family will need his/her own application. No other work may be undertaken. The fee per application is. It’s valid for 3 years if you receive the visa while already in the United Kingdom. There are some further conditions if you wish to apply for settled status. Check how much you’ll have to pay before you apply. 1. • Prove you can speak English at a B2 level. The UK Tier 1 category is for high-value migrants. However, the investment sum is per family. 4. Within 6 months upon the issue of your residence permit, start and develop your business. £400 Immigration Health Surcharge (IHS). Look for a place where you could reside once you arrive in the United Kingdom. Open a UK bank account at a regulated financial institution. But we really have very few reservations when it comes to investing and residing in the UK, even if it comes at a high price for investors. You will get approved within 8 weeks. Finally, you don’t need to be a solo entrepreneur as you are allowed to put together a team to work on your business. Our Services for UK Tier 1 Entrepreneur (Extension) Visa. Inventive and original are the main keywords here; you need to demonstrate that you’ll have a competitive advantage. Tier 1 (Entrepreneur) Visa holders may apply to extend their stay in the UK provided the following conditions are met: Applicants have been registered as a Director of a new or existing UK company or as self-employed within 6 months of arriving in the UK 8. Let’s talk about your business idea and its endorsement in more detail. • A valid passport with a blank page for a visa. Your idea must be endorsed by a local organization and have high potential. You could become a naturalized British citizen if you’ve lived in the UK for at least 6 years; various conditions apply. Find a place to live in the United Kingdom and travel to the country. • Your business has generated gross revenue of at least £1 million • The business is generating at least £500,000 in revenue with at least £100,000 from exporting overseas. . 8. Each family member will need their own application (and must pay the application fee, too). There are some further conditions if you wish to apply for settled status. Tier 1 Entrepreneur visa No earlier than 3 months before your trip to the United Kingdom, apply for the Tier 1 Start-Up Visa online (£363 fee). You can even put an entire entrepreneurial team together. In other words, the UK offers an attractive tax regime if you are a resident of the country but are considered non-domiciled. Under every Tier 1 visa option, you’re able to bring your partner and children under the age of 18 with no additional investment needed. Let’s talk about each of these options in more detail. • Have at least £2 million in funds at your disposal. • A letter that proves that you have a UK bank account that you can use for your investment funds (valid for 3 months). Learn how your comment data is processed. We’re talking about at least, In 2019, the Tier 1 Investor Visa generated about. The Tier 1 (Investment) Visa is the UK’s form of the Golden Visa, as in it offers residency to people who make significant interests in the British economy. For those who wish to live and work in the UK there are two attractive visa options: The Tier 1 (Investor) and Tier 1 (Entrepreneur) visas, each with their own unique advantages and disadvantages, according to Sable International’s John Dunn. It must be registered with the Companies House in the UK, as well as registered with HMRC for corporation tax and PAYE. However, each member will have to apply for their Start-Up visa separately. If you or your close family member started living in the UK before 1 January 2021, you may be able to apply to the free EU Settlement Scheme. And what about Brexit – will it change the investment landscape in the country and make it harder for investors and entrepreneurs to set up shop? 11. As you can tell, obtaining your Tier 1 visa and even getting a permanent residence status is straight-forward in the UK, even if it is a little demanding. Tier 1 Exceptional Talent Visa UK Requirements. After 3 years, renew your residence permit for another 2 years (£1,623) by proving that you’ve actually lived in the United Kingdom and that you’ve maintained your full investment. 1. A local organization that’s tasked with assessing the viability and the innovativeness of your business idea will need to be contacted. 7. You should invest in an active and trading UK company. You must pay £1,623 to apply for a Tier 1 (Investor) visa. With a Tier 1 Investor visa you may apply to extend your stay in the UK for a further 2 years under this visa category. You can change your cookie settings at any time. The Tier 1 Investor Visa … If you’re a wealthy individual and are tolerant to more risk, then the Innovator or the Startup option could be suitable. You can expedite the process and get a decision handed down in just 5 working days if you pay for priority service. This is an important aspect to be taken into consideration when applying for a UK visa.British visas are comprised of several tiers, classified by the level of expertise of a person; for example, Tier 1 is issued for persons with a high degree of specialization, while Tier 5 visa … Each year that you spend living in the UK, you’ll need to pay a £400 Immigration Health Surcharge (IHS). What are the endorsing bodies for the Innovator visa? As per the traditional definition of citizenship by investment, the UK does not offer any such program. fingerprints and photographs) taken. How soon you can achieve this status will depend on how much you’ve invested (minimum 2 years). Once you’ve got your decision letter, your biometric residence permit will take up to 10 working days to arrive. The fee per application is £1,623. 9. Call us: +44 (0)203 490 41 21 13. The Tier 4 Student Visa is clearly very useful for studying in the UK, but it is not a long-term solution if you want to remain in the country for several years after your studies. The UK Investor Visa has been set up to attract keen investors to the UK in order to drive business and increase prosperity. What’s the best Tier 1 option for me? 11. Dual citizenship is allowed in the UK, so you won’t have to renounce your original citizenship to reap the benefits of becoming not just a citizen of the United Kingdom, but of the Commonwealth too. You’ll also have to pay the healthcare surcharge as part of your application. Apply online for your Tier 1 Innovator Visa (£1,021). How many days can I spend outside of the UK to apply for ILR (indefinite leave to remain, or permanent residence)? 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