Tier 1 entrepreneur visa (50,000)

[Desid]

Hello guys, I am very new here. I need help on how to go about applying for the Tier 1 entrepreneur visa ( 50,000 ). Please I would appreciate any information on document needed, information about where the funds should be, what kind of business is allowed etc. Thanks so much.

[CR001]

Have you done any of your own research?? Information is widely available.

https://www.gov.uk/tier-1-entrepreneur/overview

[Desid]

Thanks for the reply but there are some grey areas like.
1. Can i travel in and out of UK withing this period if yes how long max.
2. Can the 50k come fro my personal savings.
3. The up keep money which is about 3k plus. Is it per year or for the period of 3 years 4 months.
4. Must the 50k be in a UK bank.
5. Can i buy a fast food franchise, get someone to manage and work there as a staff.
6. Can my wife work else where.
God bless you.

[CR001]

Are you currently in the UK or are you applying from abroad?

[zimba]

1. Can i travel in and out of UK withing this period if yes how long max.

Yes, however if you want to apply for ILR you cannot be outside the UK for more than 180 days in each year

2. Can the 50k come fro my personal savings.

No, unless you are switching from certain routes in the UK. Refer to the guide below

3. The up keep money which is about 3k plus. Is it per year or for the period of 3 years 4 months.

Are you talking about the maintenance funds here ??

4. Must the 50k be in a UK bank.

Not if you are applying from outside the UK.

5. Can i buy a fast food franchise, get someone to manage and work there as a staff.

Yes in theory but currently it is very unlikely that a Tier 1E visa will be granted for such business plans

6. Can my wife work else where.

Yes, dependant are allowed to work in the UK as they wish

Please start reading the guide: https://www.gov.uk/government/publicati ... trepreneur

[Desid]

* I am applying from outside the UK.
* Yes I am talking about maintainace funds.

[CR001]

You can only apply on the £50k route if you meet the following requirements re funding.

4. Access to £50,000 investment funds
You can apply if you have access to £50,000 in investment funds from one or more of the following:

a UK entrepreneurial seed funding competition endorsed by UK Trade and Investment (UKTI)
a UK government department making funds available for the purpose of setting up or expanding a UK business
a venture capital firm registered with the Financial Conduct Authority (FCA)
You can also apply if you’ve already invested £50,000 in a UK business. You must have invested the funds less than 12 months before you apply.

The funding rules are different if you’re changing (switching) from another visa, or if you’ve already had a UK visa.

[Desid]

Thanks so much. I already have a 5 year visiting visa.
What kind of business can i set up or invest in under the Tier 1 entrepreneur 200k. Thanks.

[zimba]

Thanks so much. I already have a 5 year visiting visa.
What kind of business can i set up or invest in under the Tier 1 entrepreneur 200k. Thanks.

This has been now three times that I suggested you to read the guide.

[shami01]

Hi Everyone,
If you are having any difficulty writing a business plan for Entrepreneur Visa or in General, I will be happy to help for reasonable charges. I have 3 years experience of writing Business plans for Tier 1 Entrepreneur visas. Drop me an email at xxxxxxx and I will be happy to help. Thanks

Moderator edit: Any further posts promoting your business services will result in a ban without further notice.