Owing a business in the United Kingdom is often a great opportunity for those who loves investment with the soul aim of maximizing profit, building capacity, improving economy, creating jobs etc. The Tier 1 visa is actually created by the UK authority to consider people outside United Kingdom for a business opportunity. If you are interested in investing in the UK, your first point of call should be seeking a team of professionals to help you understand the immigration options that you are eligible for. This is important in order for your case to be presented in a hitch free manner to avoid any delay or obstacle with your application. We also take you through Tier 1 visa options to put you in a position to identify the type of visa that suits your purpose. This is a business immigration that is specially designed for people intending to invest in the UK. The UK authority has affirmed their stance in welcoming to the country those with sincere purpose and genuine motive as regards investment. This is so because the UK government are aware of the enormous benefits associated with immigration policy especially in areas like the economy, tax returns, tourism and international relations.
Organized and standard business plan is essential if you are applying for any category of business visa. In the UK, the fact remains that for any business entrepreneur or investor to be successful, a well-organized and standard business plan is the most required document because it provides the bases on how you intend to achieve your business goals, it also gives an insight into how you intend to operate. It also gives clearness and assurance to partners and investors. Though all these are not the only criterial to impress the home office officials. They often ensure you comply with the requirement of both Tier 1 entrepreneur visa or investment visa which is the reason they critically review your business plan as part of the genuine entrepreneurship test. However, these visas differ in terms of what each of them can offer.
You must show evidence of self-sufficiency: You must show you have a enough money and must not depend on a third party to meet up with your needs.
You must show evidence of required funds available to you and the purpose and thereafter which is investment.
Self-employment: You must prove that you do not have the intention of working in the UK except with your business only.
You must prove you are skilled in the knowledge of English language.
It also important to note that under the entrepreneur visa direction, you must attest to the fact that you can establish or become a director of a business in the UK within six months of being granted entry visa to the United Kingdom. A Tier 1 entrepreneur visa plan must certainly provide detailed information about your business. This is to convince the home office officials that your business can add value to the UK economy by providing employment opportunity for settled persons in the UK.
Your business plan should also reflect on your experience and knowledge of the market sector in the UK which your business will operate, your academic qualification and your experience working in another sector.
From experience, one of the best ways to scale through the genuine test is to do a thorough research on your proposed business. Prove that your knowledge of the intended business is broad ranging from the customers to the suppliers and even your competitors. Therefore, your business plan should include the following;
Full details of your business including the products and services you render.
Expenditure: This is what your investment funds will be spent on.
Experience and qualification.
What your customers wants and ways to reach them.
Business modules and strategies
Your staff and their roles
A tier 1 investor visa is that type of visa that has a restriction investment fund of £2.000.000 or more in UK government bond or registered trading companies. Tier 1 investors visa allows holders the permission to work, be involved in a business or engage in studies in the UK. The entry level of a tier 1 investor visa is for a maximum of three years and four months. You are eligible to apply for a visa extension of another two years. If you have stayed in the UK for more than two years and have invested £10 million, you may be eligible to apply to settle permanently in the UK and any dependent family member you bring with you must have done five years before they can be eligible to apply for settlement. Likewise, this is applicable to when you invest £5 million after three years or when you invest £2million after five years.
You must show readiness to invest £2.000.000 or more into your proposed business in the UK.
You must prove that the investment fund belongs to you or your civil partner.
Show evidence of not less than 15 years.
You have to Prove to the immigration authority that the fund can be freely transfer to the UK and invested accordingly.
You must Show evidence of the investment funds being held in one or more financially regulated institutions
Note that you are prohibited from investing in property development and investment, likewise, you cannot work as a licensed sport person or lay claims to UK public fund.
Our team of experts can put together a good and presentable business plan for a successful application under a Tier 1 entrepreneur visa document. Entrust your drafting and document to us today and we shall deliver fittingly.