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Applying to enter the UK under Tier 1 (Entrepreneur), or to switch into Tier 1

If you are applying to enter the UK under Tier 1 (Entrepreneur), or to switch into Tier 1 (Entrepreneur) from another immigration category, the table below shows how you can score points.

Access to investment funds
You have access to not less than £200,000

or

You have access to not less than £50,000 from:

1 or more registered venture capital firms regulated by the Financial Services Authority;
1 or more UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade and Investment website, or
1 or more UK government departments or devolved government departments in Scotland, Wales or Northern Ireland, which have made the funds available for the specific purpose of establishing or expanding a UK business.
or
You have access to not less than £50,000 and:

are applying for leave to remain; and
have, or were last granted, leave as a Tier 1 (Graduate entrepreneur) migrant.
or

You have access to not less than £50,000 and:

are applying for leave to remain; and
have, or were last granted, leave as a Tier 1 (Post-study work) migrant; and
were registered with HM revenue and Customs as self-employed, or a registered director of a new or existing business no more than 3 months before your application; and
are engaged in business activity, other than the work necessary to administer your business. Your occupation must appear on the list of occupations at the National Qualifications Framework level 4 and above, as stated in the codes of practice for Tier 2 sponsors.
25 points
These funds are held in 1 or more regulated financial institutions 25 points
These funds are disposable (free to spend) in the UK 25 points
English language
You can speak English to the required standard 10 points
Maintenance
You have enough money to support yourself while you are in the UK 10 points

This post was written by: Franklin Manuel

Franklin Manuel is a professional blogger, web designer and front end web developer. Follow him on Twitter