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With the advent of Brexit and other reforms in Immigration Laws, Immigration to the UK has gained rapid importance. While the former Immigration routes have become more stringent with the rules and regulations, the Tier 1 (Entrepreneur) Visa scheme has gained more recognition than before.
The Tier 1 (Entrepreneur) visa is suitable for those wanting to actively start or invest in a business in the UK. Anyone interested in migration to the UK and have access to substantial capital resources can apply via the Tier 1 Entrepreneur or Investor Route. Applicants are eligible from within the UK or overseas are eligible to apply.
There are a wide range of businesses to choose from for foreign Investors. Individuals may alternatively choose to purchase an existing business, because it offers an established platform, with a customer base and reputation in its. However, others prefer to establish a new business of their own.
The fundamental requirement to qualify for a Tier 1 (Entrepreneur) visa is that you must demonstrate you have access to at least £50,000 in capital from a registered venture capital firm, seed funding competition or government department or £200,000 of personal wealth, which can also include support from a third party, such as a family member or unrelated sponsor.
Besides the monetary requirement, the Home Office will additionally require applicants to pass the "genuine entrepreneur test" and establish that they have researched the market and validate that their business is a credible one.
Drafting a business plan is a tedious and time-consuming process. A customized business plan must be comprehensive of all the relevant requirements like the business strategy, operations, creation of employment etc. It is essential that your business plan is clear about its objectives and it provides realistic financial estimations. It must contain precise information about your Business strategy, Marketing Plan, Sales Projections, Market Research etc. It must also include a summary of the company, the products and services rendered.
Apart from the available form of assets, investors can also choose from other alternative forms of investment. Contracts with financial institutions, funds from other investors on a low interest rate, investments in forestry, investing in smaller companies, investments in diamonds etc. are other alternative funding sources.
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