In March this year, the Home Office confirmed the end of the Tier 1 Entrepreneur visa route. The route has been replaced by the Tier 1 Start-up Visa (in place of the Tier 1 Graduate Entrepreneur visa) and Tier 1 Innovator Visa (in place of the Tier 1 Entrepreneur visa).
- You must be at least 18 years old;
- You must meet the English language requirement; and
- You must be able to prove that you have enough personal savings to support yourself whilst you are in UK (at least £945 in your bank account for 90 consecutive days before you apply).
- You must have at least £50,000 in cash as investment funds for your proposed business idea;
- You must meet the English language requirement;
- You must be able to prove sufficiently that you can support yourself, and your family (if any), while in the UK (the bank balance requirements are the same as for a start-up visa);
- You must receive a suitable endorsement from an appropriate body which is expected to include some higher education institutions that meet the requirements. The endorsement bodies must have a proven track record of supporting entrepreneurs and be approved by the Home Office; and
- You must have a credible business plan when applying for the endorsement.
20 May 2019
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