High Value Migrants Visa(Tier 1)
How can you immigrate to a High-Value Migrants Visa (Tier 1)?
The UK has a robust economic standing with a transparent Government policy framework. It is the fifth-largest economy in the world and one of the most liberal ones as well, even after the latest Brexit fiasco. It cannot be denied that the solid economic foundation that the UK has makes it one of the most beneficial places in the world to settle. It is perfect for those who wish to settle with their families, for investment, and a good education. Therefore, the UK has a large number of immigrants in comparison to Other European Union Countries.
Economic and labor market factors are the top reasons for YK immigrations. About 2,26,000 immigrants in the UK came for work as in 2016, the family reasons were limited to only 17 % in the Immigration canvas. Further, cultural diversity, traditions, and lifestyles provide a gamut of experiences to the applicants and assess the right kind of global exposure. With tremendous facilities and defined laws, the UK becomes a supreme choice.
Hence, the UK is the Right place for Business and Investments. Let us look below for the core reasons why the UK is suited for Business Visas.
Why is the UK suited for Business and Investment purposes?
The reasons for starting a business or investing in the UK. However, some of the strong ones are listed below:
- Financially strong country
- Most of the banks are well established in the UK
- Defined laws
- Multi-cultural talent
- Learning experiences are tailor-made as per the business environment
- Endless opportunities for growth
- Manageable taxation. Presently the corporate tax rate is set at 20%
- Strong infrastructure for doing business – Transportation, waste management, etc.
What is a High-Value Migrants Visa (Tier 1)?
It is a point-based visa system which is divided into two subcategories-- Tier 1 (Exceptional Talent) migrant
- Tier 1 (Entrepreneur) migrant
- Tier 1 (Investor) migrant;
- Tier 1 (Post-Study Work) migrant;
- Tier 1 (Graduate Entrepreneur) migrant
Tier 1 - Exceptional talent -This visa is provided to those individuals who are talented and internationally recognized in the field of Science, Art, and culture, etc. There are 1000 seats in this category, out of which 300 are for Arts, 300 for Science, 200 for The British Academy, and 200 for The Royal Academy of Engineering. The eligibility score in this category is set at 75 points, and for permission to stay, 85 points are required (75 for attributes and 10 for English).
The applicants who have already received the Tier 2 or Tier 5 visa can switch to Tier 1 because they have exceptional skills.
The two stages of getting the Tier 1 Visa are:-- Apply to the Home Office for endorsement,
- Entry clearance application or leave to remain using the endorsement.
Tier 1 – Entrepreneur Visa – The Tier 1 Entrepreneur Visa category allows the entrepreneurs with £50,000 and £2000000 to enter the UK to establish a new business there or take over a business or run their own business. The funds in such a case should be regulated through the bank or Venture capital firm.
The Tier 1 Entrepreneur Visa category closed to new applicants on 29 March 2019, and the UK Innovator Visa has replaced it. To be eligible for the UK innovator visa, one needs to invest in a new business idea. The applicant cannot invest in an already established business. The applicant should be able to invest at least £50,000 along with a team of entrepreneurs who are all above 18 years of age then you are eligible for a UK innovator visa.
Tier 1 – Investor Visa – It is for those who would like to invest in the UK. For this category, one needs to have an eligible score of 75 points. The applicants can score these points if they have £1,000,000 or more of their own money for investment in the UK. Further, having £2,000,000 or more like the personal assets and a loan of £1,000,000 or more amount for investment in the U K. The eligibility score in this category is 95 points in total (75 points for attributes, 10 points for English and 10 for funds).
Tier 1 - Graduate Entrepreneur Visa– It is a good option for those who have an MBA or any other graduate program. With a Graduate Entrepreneur visa, they can extend their stay after graduation and establish one or more businesses in the UK. This visa also provides help to the overseas graduates listed by UK Trade Investment (UKTI) and are regulated as the elite global graduate entrepreneurs to establish one or more businesses in the UK. This category's eligibility score is 95 points in total (75 points for attributes, 10 points for English, and 10 for funds).
What are the Documents required for the TIER 1 Visa?
The Tier 1 Entrepreneur visa requires the following documents –- Passport and documents
- Two Photographs
- proof of access to funds. In the case of Entrepreneurs £50,000 and £2000000 to enter the UK
- Business plan
- Proof of Settlement funds
- Proof of meeting the language score requirements
- A Clear medical test
- A clean Criminal Record
The above-mentioned list is just a general list of documents that can be changed as per the documents required for review.
Why should you Hire Meritide Visas for UK immigration?
Meritide Visas have been helping entrepreneurs worldwide get a Business visa for the UK. You can start the application process with ease with our specialized experts' help. To know more, you can contact at 9971152672, 9205037101, 9810272833, 9560079735, 9560079937.
Frequently Asked Questions
No, There is no cost to completing an Express Entry profile. After you receive an ITA and submit a full application you will be required to pay application fee…for more details call us directly.
Yes, one can easily apply being in job because express entry process run simultaneously.
If your spouse, or common law partner accompanying & have graduation, post graduation or any higher qualification you can get ECA done this will increase CRS points, there is no compulsion.
The basic thing that you should aware of your profile eligibility before you apply, there are certain steps to follow like get qualification assessed by ECA prepare IELTS and follow the Federal System of inviting skilled immigrants in Canada is called Express Entry Program. The program is one of the most popular way to applying to Permanent Resident Visa.
Express Entry was introduced by Citizenship and Immigration Canada (CIC) in the year 2015 This Federal system of CRS evaluates the applicants on the basis of their credentials such as present age, educational levels, work experience & skills acquired, English and French language ability etc.
Basically Proof of funds indicates your financial stability
| Number of Family Members | Funds Required (in Canadian dollars) |
|---|---|
| 1 | $12,474 |
| 2 | $15,530 |
Application processing fees to IRCC: $550 per person, and $150 per dependent child. Right of Permanent Residence fees to IRCC: $490 per person, no fees for dependent children. Educational Credential Assessments: around $300 per person if you count international delivery by courier.
ECA is the only way for you to receive points for your foreign education, yes it is mandatory , you can avoid ECA only if you have any qualification done from Canada .
No, Not really. IELTS is to know language proficiency parameter which can also be awarded by giving CELPIP-G
TEF Canada- Exam for proving proficiency in French
TCF Canada- Exam for proving proficiency in French
In 75% of cases, an application submitted through Express Entry is processed within 6 months from the date it is received, processing time also depend on getting ITA also , rest left 25% cases can clear process in 9-12 months, if someone is on very low CRS then time varies case to case
For filing your application, you need to create your express entry profile. You cannot file your express entry application if you are not having your Language Proficiency points with you . It is mandatory to appear in any of the asked tests by IRCC either is will be
IELTS exam
CELPIP-G
TEF Canada- Exam for proving proficiency in French
TCF Canada- Exam for proving proficiency in French
Any of the above provide you language proficiency points
You do not need a job offer to immigrate to Canada. There are programs available for you that allow you to apply for permanent residency in Canada without securing employment beforehand. You can apply PR if you are considered a Skilled Worker.
After you receive PR Canada you can start your job search from Indian, we also help applicant to reach wider audience of employers so that applicants profile can get more approaches, you can also refer to social media platforms like Linked in, it plays important role, make connections stay connected & explore.
