Due to the sensitivity of the application our immigration solicitors always prepare prospective entrepreneur visa complying with the immigration rules requirements. The prerequisite of the visa as prospective entrepreneur is that your goal must be to secure funding in order to join, establish or take over alternatively get involved in the running of a business in the UK.
You have to substantiate that one of more of the following institutions may be supporting you application:
- 1 or more registered venture capitalist firms regulated by the Financial Services Authority;
- 1 or more UK entrepreneurial seed funding competitions which are listed as ‘endorsed’ on the UK Trade and Investment.
- 1 or more UK government departments.
The total amount of proposed funding must be at least £50,000.
You also have to demonstrate intending to carry out one of the activities as under:
- attending meetings (which may be arranged when in the UK), including interviews that have been arranged before you come to the UK, or conferences;
- attending trade fairs, provided this is restricted to promotional work and does not involve selling direct to members of the public; arranging deals, negotiating or signing trade agreements, contracts and the like;
- undertaking fact-finding missions; conducting site visits;
- purchasing, checking details of or examining goods;
- speaking at a ‘one-off’ conference which is not run as a commercial concern; and
- recruiting staff in relation to your proposed business activity.
Many applicants ask our immigration lawyers if they are entitled to take paid or unpaid employment, study, marriage or medical treatment. We categorically mention that under this type of visa you are not allowed to carry out such activities in London or in any part of the UK. If you carry such activities your visa may be revoked or leave may be curtailed.
Theva immigration solicitors pinpoint following requirements you have to comply with when applying for an entrepreneur visa:
- You are aged 18 or over;
- You intend to leave the UK at the end of your visit, unless by that time you have successfully applied to switch into Tier 1 (Entrepreneur) of the points-based system;
- You have enough money to support and accommodate yourself without working or help from public funds, or you and any dependants will be supported and accommodated by relatives or friends;
- You can meet the cost of the return or onward journey; and
- You are not in transit to a country outside the ‘Common Travel Area’ (Ireland, the UK, the Isle of Man and the Channel Islands).