UK Tier 1 Entrepreneur Extension Visa

hifmconsultants > UK Tier 1 Entrepreneur Extension Visa

Extend Your Stay as a UK Entrepreneur

The UK Tier 1 Entrepreneur Visa has been replaced by the Innovator Visa and Start-up Visa. However, existing holders of a Tier 1 Entrepreneur Visa could apply for an extension until April 5, 2023 and pursue settlement in the UK until April 5, 2025.

The visa originally lasts 3 years and 4 months, with a possibility of a 2-year extension for eligible entrepreneurs before the current visa expires.

Eligibility Criteria for the UK Tier 1 Entrepreneur Extension Visa

To extend your Tier 1 Entrepreneur Visa, you must meet requirements related to business activity, investment, and job creation. You may qualify through any of the following:

  • Business Registration: Register as a director or self-employed within 6 months of your visa approval.

  • Job Creation: Create at least 2 full-time jobs that have existed for at least 1 year each.

  • Business Involvement: Be self-employed, a member of a partnership, or a director of a business for at least 3 months before applying.

  • Investment: Invest £200,000 (or £50,000 depending on your original funds submitted) in one or more UK businesses.

Genuine Entrepreneur Test

Applicants must pass the Genuine Entrepreneur Test to demonstrate commitment and active engagement in the UK business sector:

  • Establish, take over, or direct genuine UK businesses and operate them.

  • Make real investments in one or more UK businesses.

  • Show intention to continue operating businesses in the UK.

  • Not take employment outside the businesses you have established, joined, or taken over.

  • Score 75 points under the Home Office points table based on registration, investment, and job creation.

Application Process

  1. Verify Eligibility: Ensure you meet all requirements for business activity, investment, and job creation.

  2. Prepare Documentation: Collect evidence such as proof of business operations, investments, and job creation.

  3. Submit Application: Apply before your current visa expires and pay the required fees.

  4. Pass the Genuine Entrepreneur Test: Demonstrate your genuine commitment to operating businesses in the UK.

Benefits of the UK Tier 1 Entrepreneur Extension Visa

  • Extend your stay in the UK for an additional 2 years.

  • Continue growing your UK business ventures.

  • Work toward Indefinite Leave to Remain (ILR) in the UK.

  • Maintain eligibility for future UK immigration routes, including the Innovator Visa.

Why Choose HIFM Consultants?

  • Expert guidance on Tier 1 Entrepreneur Visa extensions and requirements.

  • Assistance with document preparation and points-based assessment.

  • Support to ensure your Genuine Entrepreneur Test is successfully met.

  • Professional advice on transitioning to other UK business visas or settlement routes.