What kind of visas do British entrepreneurs apply for?

Unlike the Tier 1 visa for investment immigrants:

1. Language requirements

Tier 1 business start-up visa requires the applicant to reach the language level of CEFR B 1, which is equivalent to IELTS score above 4. Those with a British bachelor's degree or above can be exempted from the requirement of English proficiency.

Tier 1 Investors don't need to provide any proof of language proficiency, but that doesn't mean they don't need to learn English, because when they transfer to a permanent residence visa five years later, they still have to meet the language requirements of B 1.

2. Living expenses

Tier 1 business start-up visa requires the applicant to provide proof of deposit of 900 pounds or 3 100 pounds for three consecutive months to meet the needs of the applicant when he first got the visa and arrived in the UK.

Tier 1 Investors don't need to provide relevant certificates, because they have provided deposits of more than 2 million pounds and believe that they have enough ability to pay their living expenses.

3. Investment and operation

This is also the most critical point. Many people who can meet both types of visa requirements at the same time will be very entangled in which one is better.

Tier 1 Entrepreneurship visa requires applicants to find, invest or set up a company in the UK to solve the employment of at least two British natives. Judging from the current situation of a large number of visa refusals, most of them focus on the industry chosen by the applicant, the company to be established, personal background and so on. Therefore, the applicant's industry is too low-end to solve the future employment problem of local people, such as Chinese restaurants. Although it is a profitable industry, it is more likely that its employees are overseas employees. Then, because this is an already flooded industry, the British Immigration Bureau will first exclude such companies.

If there is no problem in the applicant's industry, but the establishment and operation of the company far exceed the applicant's academic background and work experience, it is difficult to convince the visa officer that he can complete the business plan. Therefore, in view of this, we will advise applicants to find a mature project for in-depth understanding before investing, or to find an experienced person or institution to start a business together, which can effectively avoid the problem of lack of experience.

Tier 1 Investment immigration requires applicants to invest more than 75% of 2 million pounds in British stocks, government bonds or corporate bonds, and investors are not required to have rich experience and relevant background.

However, the difficulty lies in supervision. If the value in the investment process is lower than the original investment amount, additional investment is needed immediately. Even the national debt may lose money, otherwise it will lose a lot of value. Therefore, most investors will choose a portfolio to balance risks and benefits to offset the management and maintenance costs incurred by investment.

In view of the above differences, it is suggested that applicants who meet both visa types should first analyze their entrepreneurial strength. For people with ideas and experience, finding a suitable project for investment and operation can save a lot of money and time costs. For a million-pound investor with little experience, it is particularly important to choose a reliable portfolio, which can make the road of investment immigration to the UK safer and smoother.