News and communications from UK Visas and Immigration (UKVI)

12 November 2019

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Tier 1 (Entrepreneur)

Tier 1 Entrepreneur

This category is for non-European migrants who want to invest in the UK by setting up or taking over, and being actively involved in the running of a business or businesses in the UK. 

From 6 April 2014 applicants who are switching from Tier 1 Graduate (Entrepreneur) may qualify on the basis of funds invested in their business within the 24 month period before they apply, rather than from within the 12 month period which is applicable for other applicants.

From 14 June 2012, the personal savings you must have to support your application will increase. If you plan to make a Tier 1 application on or after 14 June 2012, you must ensure the correct funds are held in your account as soon as possible.

Applicants normally require funding of £200,000, but this is reduced to £50,000 if the funding is from a specified source, which includes Government Departments.  This provision is being expanded to include funding from Devolved Administration Departments.  The English language requirement is being lowered from C1 (advanced) to B1 (intermediate).  Migrants in Tier 4 will no longer be able to switch directly into this category unless they have £50,000 funding from a specified source (registered venture capitalist firms, UK Government or Devolved Administration Departments, or listed seeded funding competitions). 

A rule was introduced on 4 July 2011 stating that no points would be awarded for maintenance funds that are held in a financial institution with which UKV&I is unable to make satisfactory verification checks.  This rule is being expanded to inclue the business funds for Tier 1 (Entrepreneur).