5 benefits of starting a business in the UK under the Tier 1 Graduate and Entrepreneur visas

The Tier 1 Entrepreneur Visa and Graduate Entrepreneur Visa are making it easier to start a business and live in the UK.  While the UK benefits from your entrepreneurial activities creating employment and providing economic stimulus, you also stand to benefit.

Below we asked our partners Gherson solicitors to list the 5 key benefits of starting a business in the UK under the Tier 1 Entrepreneur Visa and Tier 1 Graduate Entrepreneur Visa routes. If you are looking for more information on eligibility and funding requirements, Migreat blog and website has covered the topic in many of its blog posts in the past. Just follow our entrepreneur visa category or ask directly our immigration experts online on migreat.com 🙂

1.    UK residency

The Entrepreneur and Graduate Entrepreneur visas allow you to live and work anywhere within the UK for the duration of the visa.

As long as your business is successful, it’s quite easy to have your visa extended or transfer from your Graduate Entrepreneur visa to the Entrepreneur visa .

You can apply for permanent residency within 5 years but if your yearly turnover exceeds £5 million or you employ at least 10 people, permanent residency can be achieved in only 3 years.

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2.    Bring your family

Both the Entrepreneur and Graduate Entrepreneur visas allow you to keep your family together. You can bring your spouse and any children under the age of 18 with you to the UK.

3.    Education and Healthcare

Under both of these visas, your children have access to the UK educational system and your family has access to the UK’s NHS free healthcare system.

4.    Favourable economic conditions

After a period of generally disappointing growth in 2011 and 2012, the UK economy has shown clear signs of recovery during 2013 which is expected to continue in 2014-15.

The good news is that this is spread between all major industry sectors and regions which are all now showing positive growth trends.

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5.    Favourable political conditions

The attitude of the UK government is clear:

“The UK remains open to the brightest and best – genuine entrepreneurs with the ideas and motivation to drive economic growth will always be welcome in the UK.”It’s also widely accepted by academics, industry leaders and policy makers including David Cameron that:

It’s also widely accepted by academics, industry leaders and policy makers including David Cameron that:

“the future of [the UK] economy depends on a new generation of entrepreneurs coming up with ideas”.

**

For more information on the differences between the Tier 1 Entrepreneur Visa and Tier 1 Graduate Entrepreneur visas, you can check our experts’ tips in a previous post.

If you have any questions or issues regarding applying for the UK Entrepreneur and Graduate Entrepreneur visas, you ask our experts online on migreat.com or listen to our podcast below on the topic of entrepreneurial visa to the UK.

This guest blog post was produced by Gherson, an award-winning, leading independent London law firm specialising in UK immigration. Contact Gherson solicitors and ask for professional assistance on visa & immigration on migreat.com

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