Are you looking for the latest information on applying for a Tier 1 Entrepreneur Visa Extension? Despite the seemingly daunting nature of this process, it doesn’t have to be as difficult as it first seems.
Here, we’ve outlined all the essential details that any aspiring entrepreneur needs to know when extending their Tier 1 visa. So, if you’re ready to embark on your journey toward obtaining an extended Tier 1 Entrepreneur Visa, read on!
The Tier 1 Entrepreneur visa extension is a way for non-EEA nationals to prolong their stay in the UK to continue their business or start a new one. The visa holder must have an entrepreneurial spirit, access to adequate funds, and demonstrate that they are actively developing and running a business in the UK. Successful applicants will be granted a two-year visa extension and can apply for indefinite leave to remain (ILR) after five years.
What is Tier 1 Entrepreneur Visa Extension Process?
If your Tier 1 Entrepreneur visa is due to expire, you will need to apply for an extension. The application process is similar to the initial application process. It involves:
- Completing an online form on official website GOV.UK
- Submitting supporting documents
- Paying a fee
- Providing biometrics
Once your application has been submitted, you can remain in the UK while it is being processed. You can continue running your business without restrictions.However, you must only travel within the UK, Ireland, and the Isle of Man while processing your application.
Once your application is approved, you will be issued a new Tier 1 Entrepreneur visa that will allow you to continue living and running your business in the UK for an additional period. You should ensure that all documents related to your visa are kept up-to-date and valid.
What is Tier 1 Entrepreneur Visa Extension Deadline?
If you are currently holding a Tier 1 Entrepreneur visa, it is important to know the upcoming deadline for your extension application. If you did have a Tier 1 (Graduate) Entrepreneur visa before switching to a Tier 1 Entrepreneur visa, you have deadline of 6 July 2025. On the other hand, if you did not have, you must apply for your extensions by 6 April 2023. It is also important to note that you must submit an extension application before your current visa expires for it to be considered.
How Much is Tier 1 Entrepreneur Visa Extension Application Fees?
The application fee for a visa extension is £1,277. Additionally, applicants must pay an additional fee of £19.20 for biometric information (such as fingerprints and a photo) to be taken. The healthcare surcharge must also be paid when applying for an extension, which amounts to £624 per person per year.
What Are the Advantages of Extending a Tier 1 Entrepreneur Visa?
The Tier 1 Entrepreneur Visa can provide several advantages, including an extended period of residence and working rights in the UK. Furthermore, those who complete five years of continuous residence under this route may be able to gain permanent residency (ILR).
This grant of Indefinite Leave to Remain allows applicants to apply for British Citizenship after a further qualifying period. It is also possible to combine the time spent in the UK under this visa route with other visa categories. So long as the continuous lawful residence is maintaine, allowing for potential ten-year permanent residency rights. As such, extending your Tier 1 Entrepreneur Visa can provide many benefits to those looking to stay in the UK for a longer period.
What are the Requirements for Tier 1 Entrepreneur Visa Extension?
To be eligible for a Tier 1 Entrepreneur visa extension, applicants must meet the following requirements:
- Have registered as a director or self-employe in a UK business within 6 months of being granted the initial Tier 1 Entrepreneur visa.
- Must have 75 points in attribute to be eligible
- Must pass the Genuine Entrepreneur Test
- Be registered as a director or self-employe within 3 months of submitting their Tier 1 Entrepreneur visa extension application.
- Have invested the funds stated in their initial application (at least £200,000 or £50,000) in a UK business.
- Create at least two full-time jobs for persons settled in the UK that have existed for at least 12 months before the extension application.
- Set up, acquire, or become a director in a UK business.
- Actively run and intend to continue operating the business.
- Meet the English language requirements (at least CEFR Level B1 for reading, writing, listening, and speaking).
- Have sufficient funds to support themselves without relying on public funds.
- Demonstrate that the business being operate is not a passive investment.
- Provide evidence of all transactions relating to their business that have taken place since the initial application and demonstrate that there has been continue activity in their business.
- Additionally, applicants must ensure that all documents submitted for the extension are up to date and compliant with UK Visas and Immigration regulations.
Applicants are also require to provide information regarding. The source and origin of the funds used to invest in their business and evidence that the business has been actively running for at least 12 months before applying for an extension.
How Long Does It Take to Get Visa Application Approved?
The timeline for visa application approval depends on application completion. The entire process can take up to eight weeks.
What is the Genuine Entrepreneur Test?
The Genuine Entrepreneur Test is an assessment design by the Home Office to determine if applicants are genuine entrepreneurs who can contribute to the UK economy. The test consists of several criteria that focus on how well an applicant has established and maintained a successful business in the UK and their plans for further growth.
To pass the Genuine Entrepreneur Test, applicants must demonstrate that they have invested capital into one or more businesses in the UK. And intend to continue operating as an owner or director of their company. They must also show that they intend to only take employment during the validity period of their Tier 1 Entrepreneur permit.
The test assesses an applicant’s business expertise and management abilities by looking at their past performance as an entrepreneur and the strategies they have used to grow their business. The test also looks at how applicants have utilized funds and resources and any obstacles or challenges they may have overcome to achieve success.
How many Scores Do You Need to Get an Extension?
To make a successful extension application, you must score the required points. The awarding of points will be conditional on you providing supporting evidence where appropriate. Under Tier 1 Entrepreneur, you must score:
- At least 75 points for attributes
- 10 points for the English language
- 10 points for Maintenance
Extension Application Point Table
|Having invested at least £50,000 or £200,000 on their behalf into a business venture located in the UK.
|Have registered as self-employed with HM Revenue and Customs, as a director of an existing/new business, or as a member of a current/new limited responsibility partnership within six months of their arrival to the UK.
|Having registered with any one of the institutions above no earlier than three months before submitting their visa application.
|Have created at least two full-time jobs for settled workers in the UK through either a newly established business or by investing/directing an existing one.
Why is Your Tier 1 Entrepreneur Visa Application Refused?
If your entrepreneur extension application has been refused, there are a few steps you can take to try and address the problem. Firstly, you should check the reasons for your refusal decision to see if anything needs to be corrected or added to your application.
You should also double-check that all the evidence is up-to-date and accurate. It may also be helpful to speak to a professional immigration advisor to see if there is anything else you can do to strengthen your application.
If the Home Office has raised concerns about your character, conduct, or associations, you will need to provide additional documentation and information that shows that these matters have been addressed. So, It could include providing a criminal record certificate, a letter from your GP, or other professional references.
If you believe that the Home Office has made an error in its decision, it may be possible to apply for an administrative review. Must reply within 28 days of receiving your refusal decision.
Job Creation Table for Visa Extension
Getting started with completing the job creation table in Tier 1 (Entrepreneur) LTR and SET (O) online applications can seem difficult. However, the process is quite straightforward. Here is an example of a table to demonstrate that you have created two full-time positions that have been in place for at least twelve months.
|Start Date with your business (if this differs from start date in job)
|Hourly Rate Paid
Can My Dependents Apply for an Extension?
Yes, all your dependents can apply for extensions at the same time. This includes any children that have become 18 years of age during your stay. When submitting an extension application, it is important to include all relevant information in order to ensure a successful process.
The process is simple if you want to extend your Tier 1 Entrepreneur visa. It is important that you are familiar with all the relevant criteria and requirements before submitting your application.
Once you have determined that you meet the requirements and criteria, you must complete the relevant forms and submit them along with any supporting documents to UKVI in order to begin the process. Additionally, if applying for an extension, you’ll also need to provide evidence of your continued employment or self-employment during the period.