Who is eligible to apply for settlement under the Tier 1 Entrepreneur visa?
1. Investment – This will normally have been accepted in the context of an extension application, which means you will not need to provide evidence of investment again. Those looking at the accelerated settlement route after 3 years may need to show they have invested more than £200,000 into one of more UK businesses.
2. Registration – As with investment, you do not need to show you were registered as self-employed or as a company director within the specified 6 months if it was accepted in the context of a previous entry clearance or extension application. You must still be registered as a director etc. at the date of your settlement application, and be able to prove this.
3. Job creation – You must show that your Entrepreneur status has led to the creation of 2 full-time job roles in the UK, filled by British or settled workers, for at least a 12-month period, normally since your extension application was approved. There is an increased job-creation requirement for accelerated settlement.
4. Maintenance – This does not need to be shown for settlement applicants.
5. Genuineness – you must prove that you are a genuine entrepreneur, through evidence of ongoing business activity.
6. English language ability– you must demonstrate that you have sufficient English language ability. This is considered to be Level B1 CEFR or above. You must pass the Life in the UK Test.
7. Continuous residence and absences – You must show that you have spent a continuous period of 5 years (3 years for accelerated settlement) lawfully in the UK with leave as a Tier 1 (Entrepreneur) migrant. Within this period, your absences must not have exceeded 180 days in any rolling 12-month period.
A person may be eligible for an accelerated route to settlement if they meet the same requirements, but can show that after 3 years under this visa, they have created at least 10 new full-time jobs or the business has a turnover of at least £5 million.