Tier 1 Entrepreneur Visa Documents Requirements
Tier 1 entrepreneur is a type of visa facility provided to various businesses on the basis of their investment plans in the United Kingdom. It is very helpful for people who seek to stat up a business inside or outside the country. The opportunities offered by this scheme are splendid for any upcoming entrepreneur.
The most important aspect of this scheme is that the government helps the applicant if selected in making the business a success. The locals are employed in the business by the government so that the business gets the required man-power and the criterion to establish employment in the country is also fulfilled simultaneously.
The main criteria for the application to be submitted are the applicant must be fluent in English. English is the most important criterion because in the country for business English is the most accepted language. Even the English proficiency exam is conducted for applicants whose first language is not English. Eligibility for the application to get selected is based on the marks obtained in the examination.
Apart from the English criterion, the money invested is also an important criterion. A person must have at least 50,000 pounds in his account to start up a business. This sum of money can, however, change according to the type of the business to be stated and the number of business members.
The business must be able to provide jobs to at least 2-3 residents/citizens of the country. Thus the economy of the country also is affected indirectly. This is one of the causes why the applicants are granted an access in the country. This scheme helps in attracting more foreigners to start a business in the country as the money needed to start the business is less.
Apart from the language problem and money required, the skill of the person is also tested as much. Applicant must be well educated. He must have been a part of a business in his own country, or he may start the business in the country or become the owner of an already existing business. The scheme strictly prohibits anyone from seeking job in the country.
The Tier 1 entrepreneur visa holder must provide employment to others but he may not seek job himself. If one is found to do job in the country, his visa will be ceased and will be made to return to his former home town. The visa helps in gaining faster permission to get a permanent citizenship. Thus this becomes the most viable source for anyone to apply for this scheme and set up a business there.
More and more people with skill, knowledge and heavy bank balance apply to this scheme for the citizenship as UK serves to be the most desirable destination for world business. For citizenship, three years of business is enough. The applicant must show his field of work along with the turnovers and new plans so that his application for the green card is accepted.
The most important aspect of this scheme is that the government helps the applicant if selected in making the business a success. The locals are employed in the business by the government so that the business gets the required man-power and the criterion to establish employment in the country is also fulfilled simultaneously.
The main criteria for the application to be submitted are the applicant must be fluent in English. English is the most important criterion because in the country for business English is the most accepted language. Even the English proficiency exam is conducted for applicants whose first language is not English. Eligibility for the application to get selected is based on the marks obtained in the examination.
Apart from the English criterion, the money invested is also an important criterion. A person must have at least 50,000 pounds in his account to start up a business. This sum of money can, however, change according to the type of the business to be stated and the number of business members.
The business must be able to provide jobs to at least 2-3 residents/citizens of the country. Thus the economy of the country also is affected indirectly. This is one of the causes why the applicants are granted an access in the country. This scheme helps in attracting more foreigners to start a business in the country as the money needed to start the business is less.
Apart from the language problem and money required, the skill of the person is also tested as much. Applicant must be well educated. He must have been a part of a business in his own country, or he may start the business in the country or become the owner of an already existing business. The scheme strictly prohibits anyone from seeking job in the country.
The Tier 1 entrepreneur visa holder must provide employment to others but he may not seek job himself. If one is found to do job in the country, his visa will be ceased and will be made to return to his former home town. The visa helps in gaining faster permission to get a permanent citizenship. Thus this becomes the most viable source for anyone to apply for this scheme and set up a business there.
More and more people with skill, knowledge and heavy bank balance apply to this scheme for the citizenship as UK serves to be the most desirable destination for world business. For citizenship, three years of business is enough. The applicant must show his field of work along with the turnovers and new plans so that his application for the green card is accepted.
