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Tier 1 Entrepreneur Visa
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Our favourite UK visa. Caters for South Africans that have £200 000 cash savings and are looking to take on a first world economy by starting their own business venture there.
The beauty of this visa is that it offers South Africans an opportunity to earn British nationality (and get a British passport).
Specifics of the “Tier 1 Entrepreneur Visa“.
Introducing the Tier 1 Entrepreneur Visa:
Caters for South Africans, that have access to the required £200k startup funds, looking to invest in the UK and startup a business or franchise practice there.
Duration of visa:
The Tier 1 Entrepreneur Visa is issued for an initial duration of 3 years.
Settlement rights:
Granted. This Tier 1 Entrepreneur Visa does grants settlement rights (that is the right to live, work and study in the UK). Time spent in the UK counts toward earning British nationality.
Family Dependents:
Permitted. Immediate family members (married like partner and minors) are permitted to join the main applicant.
Processing Times:
3 weeks. From the date of submission, applicants experience an average of 15 working day processing times.
Common Reason for Refusal:
Most of these cases are refused based on incorrect Maintenance Requirement being held, unrecognized Investment Fund being presented and business plans that do not meet the recognized format that the British government expects to see.
Whole Process:
Once South Africans are awarded entry clearance (permission to live in the UK), they are permitted to apply for an unlimited amount of visa extensions whilst in the UK. After 5 continuous years of UK residence, the can apply for permanent residence status. After 6 continuous years of UK residence, they can apply for British nationality (and get a British passport).
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