UK Tier 1 entrepreneur visa guidance for overseas businessman
- Catherine Gannon
- Updated: Wed, 22nd Feb 2017
Our UK Tier 1 entrepreneur visa guidance for an overseas businessman & his family enabled him to quickly relocate to the UK. He has established a thriving technology business.
Our client had recently sold a successful business in China. Unfortunately, he was unaware of recent changes in UK immigration law. Firstly, we provided a preliminary view as to whether his application would succeed. The timescale was tight.
Tier 1 entrpreneur visa requirements
Clearly, the most appropriate immigration permission was Tier 1 in the entrepreneur sub category. Since no sponsor was involved, our client had to make a single application, as an individual, to the UK Border Agency.
We discuss the Tier 1 points system with our client. Since english wasn’t his mother’s language, we supported him throughout the, rather daunting, application process. The points system meant we should ensure our client scored the following:
- At least 75 points for attributes, e.g.
- Access to not less than £200,000,
- Money held in a regulated financial institution,
- Money disposable in the UK;
- 10 points for English language to a required standard; and
- 10 points for maintenance, i.e. out client and his dependents had sufficient funds in the UK to support themselves.
Our client naturally wanted his wife and two young children to join him in the UK. We also assisted our client collate the documentary evidence.
We got the evidence right first time, and eliminated delays at the UK Border Agency.
Establish a UK business
We established the visa application would probably succeed, then set up the entrepreneurs’ UK business. Steps included:
- Articles of association;
- Shareholders agreement;
- Standard terms and conditions for employees;
- Employee handbook;
- Intellectual property rights;
- General commercial contracts;
- Registration with HMRC, i.e:
Together, we then assessed how the entrepreneur might incentivise employees, i.e.
- Share schemes.
Usually, we like to provide a detailed overview of the steps involved in any matter at the outset. Our clients understand the processes and gain an accurate cost estimate.
Our immigration application succeeded. Our client now lives in the UK with his family. His business is thriving. Currently, we are finalising a cross border distribution agreement.