Entrepreneur Visa (Tier 1)

The Tier 1 Entrepreneur Visa was designed for individuals wishing to establish, take over, or actively run a business in the UK. It enabled entrepreneurs to invest in and contribute to the UK economy while paving the way toward long-term residence.

Key Highlights

• Allows individuals to start, take over, or manage a UK-based business.
• Requires access to investment funds of £50,000–£200,000 (depending on eligibility).
• Valid for up to 3 years and 4 months, extendable for further stay.
• Eligible family members can accompany the applicant.
• Can lead to Indefinite Leave to Remain (ILR) after 5 years.

Basic Eligibility

• Proof of access to required investment funds.
• A clear and viable business plan.
• English language proficiency (IELTS/UKVI test or equivalent).
• Meets health and character requirements.

Though the Tier 1 Entrepreneur Visa route has been replaced by the Innovator Founder Visa, existing holders can extend or switch within the route before its full phase-out.