For immediate response call our office.
+44 203 490 41 21
Or fill out one of the forms below
and one of our team members will
get back to you today or the next
Everything you need to know about citizenship and residence programs around the globe.
Welcome to Imperial & Legal
Our legal advisers are committed to providing customised solutions for your global needs.
Get to know us
Tier 1 Entrepreneur visa was abolished in March 2019 and replaced with an Innovator visa. At a first glance, the new visa is so much more attractive because it only requires £50,000 investment. But apparently it is flawed in other aspects, because it has attracted just four applicants in the first 3 months of operation out of which only 2 have been approved so far compared to 738 applications under the abolished Tier 1 Entrepreneur visa in previous quarter.
Apart from the required investment, the applicants must have their idea endorsed by an authorised incubator, government agency, private equity firm or a business development organisation. It sounds doable, but the problem is, there is simply not enough of these endorsing bodies to choose from.
Business accelerators also require entrepreneurs to take part in their programs in order to qualify for an endorsement. And many of them only accept applications to enter their programs once or twice a year. Another issue is high level of competition from UK, EU and non-EU applicants.
Many accelerators in return for their support, sometimes financial, ask for an equity in your business. It means partly ceding control to and sharing the profit with them. Though acceptable by some businessmen, it is highly disliked by the majority of them.
Overall, it is a lot of hassle in obtaining an Innovator visa, extending it and then applying for settlement. People seem to be put off at the very first deliberation.
Whether it is temporary “failure” of the new Innovator visa or a miscalculation by the Home Office, it has yet to be seen. At the moment it doesn’t look like its “success” is worth the cost of operating the new route.
Start-up visa which is focused more on the new entrepreneurs has had 32 applications during the first 3 months out of which 23 have been approved, 2 refused and 7 are still waiting for decision.
One of our qualified advisors will get back to you today or next business day.
To find out more or to book a consultation
Please fill the form below to make an appointment. We will contact you back to confirm your consultation.
Заполните форму ниже для записи на консультацию. Мы перезвоним и подтвердим вашу запись
Информацию об обработке ваших персональных данных вы можете найти в нашей Политике конфиденциальности.
One of our qualified advisors will call you back today or next business day.
Наш специалист свяжется с вами сегодня или на следующий рабочий день.
Наш специалист ответит вам сегодня или на следующий рабочий день.
One of our qualified advisors will get back to you today or next business day