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New Rules For Tier 1 Entrepreneur Visa Uk
Applicants wishing to start a new business and work with the capacity of running that business can apply for Tier 1 entrepreneur visa. However, applicants must fulfil some requirements to be eligible for applying Tier 1 Entrepreneur Visa. A minimum of 200,000 is required to start the business. Applicants are able to open any kind of business but they must work full time to run the business. Applicants must be financially solvent to maintain them till the profit comes from the business. Moreover, from the very beginning of the business, candidates must be capable of creating full time employment for at least EEA nationals. Furthermore, English language requirements must be fulfilled by the candidates.
Tier 1 Entrepreneur Visa has had some conditions. A successful candidate is usually given two years visa permission initially. After operating the business in the UK, applicants can extend the visa for more three years. Five years later applicants can apply for indefinite leave to remain. Partners and dependants children are allowed to live in the UK and free to work and join school there.
However, Tier 1 entrepreneur visa has added new rules in its statements when changes occur in the UK immigration rules issued on 7 March 2019. Tier 1 entrepreneur visa had been closed to receive new applications on 29th March 2019. This visa has been replaced by the UK innovator visa.
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