Despite being closed on 29 March 2019, the good news for those who have already been granted Tier 1 Entrepreneur is that this route allows the visa holder to apply for Indefinite Leave to Remain in the UK, also known as Settlement. This also means that the applicant would have no restrictions in relation to their immigration status.
Normal route for Tier 1 Entrepreneur Migrant to apply for Indefinite Leave to Remain
To be considered for indefinite leave to remain under the Tier 1 Entrepreneur route, you must score 75 points by satisfying the following main elements:
You need to prove that you have invested at least £200,000 directly into your business(es);
You have to register as a self-employed or a director of the UK-based business or a member of a limited liability partnership in the UK;
Your newly established business(es) has to create at least 2 new full-time jobs;
You have to prove that you have been in the UK for 5 continuous years as a Tier 1 Entrepreneur migrant.
Accelerated route for Tier 1 Entrepreneur Migrant to apply for Indefinite Leave to Remain
If you have been staying in the UK under Tier 1 Entrepreneur visa for 3 continuous years, you can consider applying for settlement under accelerated route. With accelerated route, Tier 1 Entrepreneur migrant does not need to wait for 5 years to apply for Indefinite Leave to Remain. Having said that, this route comes with further requirements. However, the good news is that there are up to 3 options for you to choose.
The first option is that instead of creating at least 2 new full-time jobs, you have to create at least 10 ones. One thing you have to bear in mind is that the jobs you have created must last for at least 12 months during your most recent leave to remain. If your latest leave to remain was granted less than 12 months ago, those jobs have to exist for 12 months before your your application at the moment.
If you have had struggles creating jobs, you can consider the second and third options in which you have to prove that you are financially eligible for the accelerate route. While with the second option, you need to show that your business(es) has/have been generated a gross turnover from business activity of at least £5 million in 3 continuous years which you have been in the UK as a Tier 1 Entrepreneur migrant. Alternatively, the third option allows you to apply for settlement after 3 years if the gross income from business activity of £5 million has been resulted from taking over or investing in (an) existing business(es) in the UK.
If you need assistance with Tier 1 Entrepreneurs settlement applicaiton or Tier 1 Entrepreneurs extension, all you need to do is contact us for a telephone conference to see what we can do for you. We have an experienced team of solicitors who have years of experience in dealing with sponsor licence applications who can guide you through the whole process with ease.