Tier 1 Entrepreneur Visa extension experts and Tier 1 Entrepreneur consultants in Chandigarh alike; agree that the UK entrepreneur Visa extension is the next big step after you have established a business in the UK on a Tier 1 Visa. The SmartMove2UK works with top quality Tier 1 Entrepreneur consultants in Chandigarh who can provide you with all the guidance you require regarding extending your Entrepreneur Visa.
Here’s a quick guide offering a brief overview of a UK entrepreneur Visa extension:
How to apply for an Extension of Tier 1 Entrepreneur – An Overview
If you are residing in the UK on a Tier 1 Entrepreneur visa, then you can apply to extend your visa if you meet the eligibility requirements. According to these requirements, the applicant must:
- Be registered as a director or as self-employed no more than 6 months after the date you were given permission to stay in the UK under a Tier 1 Entrepreneur visa
- Be able to prove you’ve been self-employed or working as a director of a business 3 months before you apply
- Have created at least 2 full-time jobs that have existed for at least 12 months
Financial requirements for Tier 1 Entrepreneur Visa UK:
To qualify for an extension, the applicant must demonstrate that they have invested in one or more UK businesses with either:
- £200,000 in cash
- £50,000 in cash if your initial application was based on having funds from an approved funding source
Extensions for Tier 1 Entrepreneur applications are done by post from within the UK and takes about 8 weeks for the application to be processed and a decision to be made. Once you have applied for the extension, you can stay in the UK until you’ve been given a decision. You must have applied before your last visa expired.
The key thing to remember with UK visa extension applications is that every little detail counts. Therefore, it’s best to take the professional guidance of an immigration expert before you go ahead with your visa application or extension process.
The SmartMove2UK is a niche immigration law firm with expertise in the Tier 1 Entrepreneur Visa extension related matters. Our Tier 1 entrepreneur consultants in Chandigarh will be more than willing to guide you with your UK Visa queries, including the entrepreneur visa extension.