Citizens of member countries of the European Economic Community, Switzerland, Denmark, Turkey and Macedonia outside the United Kingdom can apply for Tier 1 Entrepreneur Visa. You can apply within 3 months of the date you plan to travel to the UK. For example, if you want to go on May 20, you can apply for a visa from February 21, 3 months in advance. Visa application fee of GBP 1,227 applicants from Turkey for the moment. You will also need to pay for health services called HIS. To apply for a Tier 1 Entrepreneur Visa, you must meet the following requirements:
Being older than 16 years,
Not to have any criminal record,
The desire to establish a realistic business in the UK,
Detailed market research for this business,
A detailed business plan including this market research,
Required capital (50,000 or 200,000 GBP)
English proficiency test,
Visa application
What is Tier 1 Entrepreneur Visa?
An Entrepreneur visa is a type of investment-oriented Visa found in the Tier-1 category in the UK for investors who want to do their own business or take over a business. Usually, the first place is given as 3 years. When the visa expires, a 2-year extension can be made if it is proved that it is continuing if it is the same. In the UK, when the 5-year period is complete, the session can be applied for indefinitely. Tier 1 Entrepreneur Visa is a type of visa that provides solutions for those who want to start their own business in the UK. People who want to go to the UK to realise their business idea or take over a workplace are required to apply for this visa. Minimum levels of £50,000- £200,000 are one of the first requirements to fund investment. The TIER 1 visa is issued through the scoring system. Accordingly, candidates who fulfill various characteristics are accepted when they rise above a certain score. Financial competence, language proficiency, educational competence and business ideas generally affect the points system.
How to extend Tier 1 Entrepreneur Visa?
If you get a Tier 1 Entrepreneur Visa, a maximum term of 3 years and 4 months is given. When you have completed this period, you can extend your visa by applying for an extension (FLR). You can get a 3 year extension if you have passed another type of visa while you are given a 2 year extension with this extension. It’s easy to get an extension if you’ve done your job, made money, paid your taxes and employed 2 people. With this visa you can apply for a residence permit (ILR) after staying for 5 years. As mentioned above, the purpose of this visa is for new initiatives to create added value and, in the meantime, for new people to have jobs in the ecosystem.
