A new statement of changes to the Immigration Rules was published yesterday, 7 March 2019. The main changes are to Tier 1 entrepreneur and investor visas.
Both the Tier 1 (Graduate Entrepreneur) and the Tier 1 (Entrepreneur) route will be cancelled on 5 April 2019 and replaced by “start-up” and “innovator” routes.
The main features of the new categories are as follows:
The Start-up category is an expanded version of the Tier 1 (Graduate Entrepreneur) category. It is for those starting a new business for the first time in the UK. Applicants will not need to be graduates and will not need to have secured any initial funding. Successful applicants will be granted 2 years’ leave and will be able to progress into the Innovator category to continue developing their businesses in the UK after that time.
The Innovator category is intended for more experienced business people. As well as an endorsement, applicants will need £50,000 to invest in their business from any legitimate source. The funding requirement will be waived for those switching from the Start-up category who have made significant achievements against their business plans. The category may lead to settlement in the UK. Endorsement for initial applications will be based on assessment whether applicants’ business ideas are innovative, viable and scalable.
For further information or to discuss your personal circumstances in consultation, please contact our Advisers at [email protected] or call +44 207 993 6346.
Mann’s Solutions has expertise in offering UK Immigration services and legal support to individuals and corporate companies, our specialists provide an advice on UK visas including Tier 1, Tier 2 and other categories, including permanent residence and settlement status in the United Kingdom.