This week, it has been reported that there will be an increase in the number of entrepreneurs coming to the UK in the future. Entrepreneurs are individuals who would like to establish a business in the UK or join and invest into an existing business. According to the Telegraph, the increase of start-up companies by migrants could see the 2020s as one of the best decades for the UK economy.
UK Government wants Entrepreneurs
Migrants in the UK are more likely to start their own businesses, due to the fact that they find it difficult to find employment in their home country. As Centre for Entrepreneurs and business information experts DueDil reported last year, migrant entrepreneurs have set up one in seven UK companies, with people born abroad almost twice as likely to start a business in the UK. Last year the UK saw a record number of 581,000 businesses registered with Companies House. This is an increase from the previous years, where in 2013 there were 526,000 start-up companies and 484,000 in 2012.
The UK Government has taken notice of this and want to attract more overseas entrepreneurs to the UK. From start-up companies to well established businesses, in particular from the the UAE and Arabian Gulf. Edward Hobart, the UK Consul General in Dubai stated the reason why the UK wants to bring over more entrepreneurs and their businesses:
“We are looking for indigenous companies that have grown up here and have the prospects to grow out of the Gulf into new markets in Europe and the UK is the gateway. Eventually these entrepreneurs create jobs and economic opportunities, and that’s the whole point and this is welcome.”
Immigration Advice for Tier 1 Entrepreneurs
According to the Home Office’s official statistics, in the year ending June 2014 there was an increase of 836 Tier 1 Entrepreneur visas granted. Our expert Immigration Solicitors can guide you through the process of applying for a Tier 1 Entrepreneur visa. The Solicitors will carry out a detailed assessment of your case to ensure that you meet the Home Office’s requirements. If you are found not to be eligible we will go through other visa options that you may have. It is important to note that there will be new rules implemented on 6 April 2015 regarding the Tier 1 Entrepreneur route. For instance:
- Rules in relation to how investment funds are to be spent and the appropriate engagements in businesses, in particular with ‘with property development or property management’ are being clarified.
- Individuals who hold and are relying on their own funds, are required to ‘provide evidence of the third party source of those funds, if they have held the funds for less than 90 days before making an initial application.’
- First time applicants must provide a business plan with their application.
After a detailed consultation, you will be provided with a bespoke documents list tailored to your circumstances. As well as following the Home Office’s requirements, our Solicitors will suggest documents that they believe will strengthen your case which has proven to be successful with the UK Home Office.
Successful Tier 1 Entrepreneur Visa Applications
Our team of experienced and professionally qualified solicitors and barristers will be able to guide you through the process of making a Tier 1 Entrepreneur application step by step and limit the possibility of failure by complying with the strict letter of the law.
We also undertake a great deal of appeal work before the Immigration and Asylum Tribunal and have a successful track record of successful results for our clients. We have the experience and the knowledge required to take your case forward successfully. If you have had a entrepreneur visa refused, contact us to discuss your case so that we can provide you with a case assessment.