New Businesses: Visas

(asked on 11th April 2016) - View Source

Question to the Home Office:

To ask the Secretary of State for the Home Department, if she will review the financial requirements for tier 1 Entrepreneur visas.


Answered by
James Brokenshire Portrait
James Brokenshire
This question was answered on 18th April 2016

In March 2015, the Government commissioned the Independent Migration Advisory Committee (MAC) to assess the economic benefit of the UK’s provisions for non-EEA entrepreneurs. The MAC made a number of recommendations for reform of the Tier 1 (Entrepreneur) route. On financial requirements they recommended that:

• the Government consider setting the lower investment threshold in the range of £40,000 to £50,000; and

• the higher investment threshold of £200,000 should apply to each applicant (currently, two applicants can share the funding i.e. £100,000 each), and that there may be a case for an inflationary uplift.

The Government is currently considering the MAC’s advice, and will announce its response in due course.

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