Saturday 30 May 2015

Setting up a Business in the UK

For people who come to the UK to get involved in business activities, the government offers the Tier 1 entrepreneur visa. With this you can set up a new business or take over an existing enterprise. The immigration authorities will need you to affirm that your intentions for business are genuine. To prove it you will need to provide evidence of market research and your detailed business plans. Here, qualified immigration lawyers can help you to gather the right documentation to show that you meet the requirement. 

Besides the knowledge of the business that you propose to run in the UK, you also need to prove that you have adequate funds for the commercial activity. There should be at least £200,000 available. Alternatively, if you can show that your funds are from a venture capitalist firm that is regulated by the Financial Services Authority then a minimum amount of only £50,000 will be needed.

To meet further requirements of the entrepreneur visa, you need to demonstrate that aside from the amount to be invested in business, you also have adequate funds to support yourself and that you meet the English language requirement standards of the country. One of the ways to prove your ability in the national language of UK is to pass an approved English language test with at least CEFR level B1 in reading, writing, speaking and listening. The other is to have an academic qualification that was taught in English and is recognised by UK NARIC as being equal to a UK bachelors degree, masters degree or PhD. 

Fusco Browne is a private immigration assistance firm that has qualified and experienced lawyers to guide people applying for UK visas and citizenship. If you need help gathering documents and applying for Tier 1 entrepreneur visa, call our lawyers on 08458628771.

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