HIGH VALUE MIGRANTS VISA(TIER 1)
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The UK has a robust economic standing with a transparent Government policy framework. It is the fifth-largest economy in the world and one of the most liberal ones as well, even after the latest Brexit fiasco. It cannot be denied that the solid economic foundation that the UK has makes it one of the most beneficial places in the world to settle. It is perfect for those who wish to settle with their families, for investment, and a good education. Therefore, the UK has a large number of immigrants in comparison to Other European Union Countries.
Economic and labor market factors are the top reasons for YK immigrations. About 2,26,000 immigrants in the UK came for work as in 2016, the family reasons were limited to only 17 % in the Immigration canvas. Further, cultural diversity, traditions, and lifestyles provide a gamut of experiences to the applicants and assess the right kind of global exposure. With tremendous facilities and defined laws, the UK becomes a supreme choice.
Hence, the UK is the Right place for Business and Investments. Let us look below for the core reasons why the UK is suited for Business Visas.
It is important that the appellant is issued a Certificate of Sponsorship (COS) by the employer. The certificate should carry the information of the Immigrant and also of the proposed Job. The period of the Job should be mentioned in the certificate, and it needs to confirm that the applicant will be paid adequate salary along with the Job passing the Residence Labor Market Test (RLMT) unless there is a switch made the applicant in from Tier 2 to tier 4 (General student visa).
The reasons for starting a business or investing in the UK. However, some of the strong ones are listed below:
It is a point-based visa system which is divided into two subcategories-
Tier 1 Exceptional Talent - This visa is provided to those individuals who are talented and internationally recognized in the field of Science, Art, and culture, etc. There are 1000 seats in this category, out of which 300 are for Arts, 300 for Science, 200 for The British Academy, and 200 for The Royal Academy of Engineering. The eligibility score in this category is set at 75 points, and for permission to stay, 85 points are required (75 for attributes and 10 for English).
The applicants who have already received the Tier 2 or Tier 5 visa can switch to Tier 1 because they have exceptional skills.
The two stages of getting the Tier 1 Visa are:-
Tier 1 – Entrepreneur Visa – The Tier 1 Entrepreneur Visa category allows the entrepreneurs with £50,000 and £2000000 to enter the UK to establish a new business there or take over a business or run their own business. The funds in such a case should be regulated through the bank or Venture capital firm.
The Tier 1 Entrepreneur Visa category closed to new applicants on 29 March 2019, and the UK Innovator Visa has replaced it. To be eligible for the UK innovator visa, one needs to invest in a new business idea. The applicant cannot invest in an already established business. The applicant should be able to invest at least £50,000 along with a team of entrepreneurs who are all above 18 years of age then you are eligible for a UK innovator visa.
Tier 1 – Investor Visa – It is for those who would like to invest in the UK. For this category, one needs to have an eligible score of 75 points. The applicants can score these points if they have £1,000,000 or more of their own money for investment in the UK. Further, having £2,000,000 or more like the personal assets and a loan of £1,000,000 or more amount for investment in the U K. The eligibility score in this category is 95 points in total (75 points for attributes, 10 points for English and 10 for funds).
Tier 1 - Graduate Entrepreneur Visa – It is a good option for those who have an MBA or any other graduate program. With a Graduate Entrepreneur visa, they can extend their stay after graduation and establish one or more businesses in the UK. This visa also provides help to the overseas graduates listed by UK Trade Investment (UKTI) and are regulated as the elite global graduate entrepreneurs to establish one or more businesses in the UK. This category's eligibility score is 95 points in total (75 points for attributes, 10 points for English, and 10 for funds).
The Tier 1 Entrepreneur visa requires the following documents –
The above-mentioned list is just a general list of documents that can be changed as per the documents required for review.
Meritide Visa have been helping entrepreneurs worldwide get a Business visa for the UK. You can start the application process with ease with our specialized experts' help. To know more, you can contact at 9971152672, 9205037101, 9810272833, 9560079735, 9560079937.
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