If you are wishing to come to the UK to start a business you should apply for an entrepreneur business visa. If this visa is granted to you it allows you to start any type of business provided you work full time in the management of the business.

An entrepreneur business visa is often called a ‘Business Status Application.’ If you are hoping to apply for a business visa under the category of entrepreneur you will need to:

• Invest £200,000 in a new UK business.
• Create full time employment for at least 2 EEA nationals
• Work solely in the business
• Have sufficient funds to accommodate and maintain yourself until the business is profitable.
• Have a controlling interest in the business.
• Take a share of the business's liabilities
• Be implementing a business plan that looks to be thorough and viable

You need a minimum of £200,000 at your disposal to be considered for this type of visa; however if you have more than £200,000 the Home Office will be more relaxed with the other requirements and your application will be processed quicker.

The money that you have to build up your business must be your own and not from aspects such as bank loans.

If you are a national of one of the countries covered by the EC Association Agreement (Bulgaria or Romania), you can gain entry to the UK to start a business without having to fulfil the £200,000 investment requirement or create employment. You will however still need to produce a business plan and have enough funds to cover living expenses until an income can be derived in the UK.
 
Your application will be made to the British Consulate in the country of your usual residence. Your application should be accompanied by the following:

• Passports
• Visa fee
• 2 passport photos for each applicant
• Business plan which should include:
• Evidence of the funds to be invested
• The object of the business
• A detailed description of employment created.
• A projected balance sheet, including:
• The financial outlay
• Any loan to the company
• Assets
• Stock
• Profit and loss projection

You can also apply for your spouse and children to join you in the UK if you wish. If permission is granted to them they will be allowed access to education, healthcare and lawful employment in the UK.

If you would like any more information about applying for a business visa in the UK under the category of Entrepreneurs then contact Immigration Consult today and we will be happy to help you in any way that we can.