Inward investment is one of the successful applications you as a business person could make. For a team of expert advisors to ensure that you have the very best chance of obtaining this visa, contact us now.
You may come to the UK as a business person if you are not a European Economic Area national and you will be running a business full time in the UK.
Nationals of countries joining the European Union on May 1st 2004 will no longer be able to come to the United Kingdom under the business person rules from that date; but they will have the same freedom to do business as other EU nationals.
The countries joining the EU on May 1st 2004 are: Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia.
Do's and Don’ts
Do's:
Ensure that you are able to provide an investment of £200,000 (pounds sterling) of your own money;
Obtain advice from a UK based firm of Certificated Chartered Accountants;
You will require knowledge of the Revenue & Tax Laws in the UK;
Evidence that you will create at least 2 full time jobs for people already settled in the UK and details of their employment conditions;
The object of the business
If you are joining or taking over an established business, you must show audited accounts for at least 2 previous years;
You also need to show that you can live in the UK without help from public funds;
In the UK, you can do business as:
A sole trader
A partnership
A company registered in the UK.
As a sole trader or partner you must trade or provide services full time. As a company director, you must promote your company and manage it full time. Self-employed doctors and dentists must practise full time. The full time condition does not apply to a self-employed writer, artist or composer.
You will get permission to stay as a business person for a specific business. You must ask Home Office permission if you wish to change to a different business once you are here.
