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What is a Tier 1 entrepreneur visa business plan

For the entrepreneur looking to enter the UK to do business, the British government has opened up a visa path for doing so. This is called the Tier 1 entrepreneur visa. One of the most important aspects of a successful application is the tier 1 entrepreneur visa business plan.



Having a successful business plan could be the difference between wasting the application fee and getting into the UK to start a business. Immigration officials will need to be convinced of the business ability of the applicant and the business plan will form a central part of the process. With a large amount of inward migration and a government with harsh targets on the reduction of inward migration, there is a renewed effort to slow down migration through such schemes. This means that immigration officers will be very sensitive to applicants of schemes such as the tier 1 entrepreneur visa.



This visa programme allows entrepreneurs with at least £50,000 to invest into the UK in order to start a business or to take over an existing one for up to 3 years and 4 months. This can be extended conditionally.



Eligibility criteria;

£50,000 investment funds must be held in a regulated financial institution.



  • The funds must be freely available to invest.
  • Meet the English language requirement.
  • Be at least 16 years of age
  • Be able to score enough relevant points as defined by the government.

If the applicant is struggling to hit these somewhat stringent limits, then there is an option to join together with other entrepreneurs in order to form a team of entrepreneurs.



Once all the criteria have been met, the applicant will then need to go through the formal application process. The process must be started no sooner than 3 months before travelling, this leaves enough time for the process to be completed. The fee structure starts from £927 this will change depending on the country of origin and who will be travelling.



So what makes a good business plan for a tier 1 entrepreneur visa? It needs to prove that the applicant has a sound strategy for the development of a business. It also needs to show that the applicant has a working experience of the industry. It will need to show that the finances of the business make sense and that there is a clear gap in the market for the business.



The general advice is that the use of a qualified and experienced business plan writers with a background in the field of immigration can be extremely useful. They will have the knowledge and experience of creating a business plan that convinces immigration officials of the strength of the plan and shows the seriousness of the applicant.