The document summarizes the terms and requirements for entrepreneur visas in the United Kingdom. Applicants must invest a minimum of £200,000 that is held in a regulated UK account. The initial visa is valid for 3 years, after which a 2-year extension can be obtained by registering a business within 6 months and creating 2 full-time jobs within 3 years. After 5 years of residency and meeting additional requirements, permanent residency and eventual British nationality can be granted. Dependents of entrepreneurs are also entitled to reside in the UK.
An Intoduction to the UK Entrepreneur Business Visa
1. Entrepreneur Business Visas in the United Kingdom
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A Brief Summary – By Houman Mehr
2. Entrepreneur Visa Overview
For business people
To invest in UK business
Unlike visit visas leads to permanent residency
Leads to Nationality
3. Entrepreneur Visas – Terms
Introduced in June 2008
Terms – UKBA cannot introduce changes
3 year initial visa for the United Kingdom
2 year extension
Permanent residency
Nationality to follow
Can apply from UK in limited circumstances
4. Entrepreneur - Initial Entry
Need to show access to £200,000, £50,000 for select
groups
Need to show funds are disposable in the UK
Need to show funds are in a regulated account
Can apply as an Entrepreneurial team with another
applicant with joint funds
Can rely on third party investment
Money can be anywhere in the world
5. Entrepreneur - Initial Entry
English Language –IELTS 7.0 / UK recognised
degree
Maintenance – £3,100 for main applicant and
£1,800 for each dependent for 3 months
6. Entrepreneur Extensions
Registered in business within 6 months of entry to
the UK
Created 2 full time jobs in the UK
Within 3 years must have invested all of the money
Currently be engaged in business activity
Prescribed Evidence - Audited accounts to be
provided as well further evidence of the business and
its activities
7. Entrepreneurs - What can you invest in?
No Property Investment
No Property Management
Construction is allowed
Business must be based in UK
Franchise businesses are permitted
Business can be new or investment in current UK
business
8. Entrepreneurs – What else can/can’t I do?
Main applicant can not work directly for anyone
other business apart for their own company
can contract with other businesses through their own
company or as a self-employed person
Main applicant can study
Main applicant and all dependents are entitled to the
National Health Service
Can travel outside of the UK for 180 days per year
without affecting the residency requirements
9. Entrepreneur Dependants
Spouse – Husband or Wife (can be any age)
Spouse can work and/or study
Not subject to residency requirements
Children under 18
As long as unmarried and not living an independent life
Children over 18 – only where a previous dependent in a UKBA
application
Can work and/or study
10. Business Selection Service
We have Entrepreneur Visa compliant businesses for
you to invest in.
These are guaranteed profit making businesses.
They will comply with all terms of the visa and will
lead to us taking responsibility for all steps up to the
point of nationality.
11. The route to Nationality
3 year visa first
2 year extension
This can be avoided if the business creates 10 jobs or has
income of £5 Million over 3 years
Permanent Residency
Currently, Nationality 1 year later
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Mr Houman Mehr
Westkin Associates
16 Hanover square
Mayfair, London
W1s 1Ht (from 16/04/120
+44 (0) 207 0167 786
Houman.mehr@westkin.com
www.westkin.com