Friday, April 26, 2024

Over 15,000 UK tier1 entrepreneur visas issued

The Tier 1 (Entrepreneur) category of the Points Based System (PBS) is for individuals investing in the United Kingdom by setting up or taking over, and being actively involved in the running of one or more businesses in the United Kingdom (UK).

Foreign investors  must either have funds of £50,000 or £200,000 (depending on the circumstances) to invest in your UK business. The entry clearance for Tier 1 (Entrepreneur) visa issued for a maximum of 3 years and 4 months. You can apply for indefinite leave (settlement), once  you’ve been in the UK for 5 years

Under Tier 1 (Entrepreneur), you must score at least 95 points for attributes

  • 25 points for access to funds £50,000 or £200,000
  • 25 points for money is held in one or more regulated financial institutions
  • 25 points for money is disposable in the United Kingdom.
  • 10 points for English language
  • 10 points for Maintenance (funds)

According to the latest statistics of UK tier1 entrepreneur scheme, as of Q1 2017.

  • 15,586 tier1 entrepreneuer visas issued (5670 main applicants and 9916 dependents)
  • Pakistan and chinese are the leading nationalities receiving tier1 entrepreneur visas

uk tier1 visas

Tier1 Entrepreneur Visas by Year

Quarter PBS – Tier 1 Entrepreneurs (Main apps) PBS – Tier 1 Entrepreneurs (Deps)
2008 Q2 0 0
2008 Q3 6 10
2008 Q4 21 13
2009 Q1 20 18
2009 Q2 23 59
2009 Q3 40 59
2009 Q4 35 44
2010 Q1 40 34
2010 Q2 53 55
2010 Q3 56 92
2010 Q4 40 58
2011 Q1 95 88
2011 Q2 102 105
2011 Q3 123 157
2011 Q4 101 140
2012 Q1 129 191
2012 Q2 167 243
2012 Q3 192 261
2012 Q4 213 259
2013 Q1 303 393
2013 Q2 262 406
2013 Q3 342 548
2013 Q4 259 370
2014 Q1 261 504
2014 Q2 292 544
2014 Q3 277 692
2014 Q4 257 521
2015 Q1 290 615
2015 Q2 216 501
2015 Q3 213 519
2015 Q4 199 375
2016 Q1 214 414
2016 Q2 198 466
2016 Q3 203 472
2016 Q4 201 346
2017 Q1 227 344
5,670 9,916
Total 15586

Main Applicants by Country as of Q1 2017

Country of nationality (main applicants) Total Result
Total Result 16556
Pakistan 875
China 626
United States 622
India 447
Australia 288
Russia 274
Canada 178
Iran 176
Egypt 172
Hong Kong 167
Nigeria 143
South Africa 106
Korea (South) 103
Iraq 99
Malaysia 85
Israel 83
New Zealand 67
Singapore 63
Japan 50
Jordan 49
Ukraine 43
Saudi Arabia 41
Taiwan 41
Kenya 40
Syria 40
Lebanon 39
Bangladesh 37
Brazil 35
Thailand 29
Azerbaijan 28
Kazakhstan 27
Libya 24
Vietnam 24
Sri Lanka 22
St. Kitts and Nevis 19
Turkey 18
Mexico 16
Belarus 15
Afghanistan 13
Tanzania 13
Mauritius 12
Yemen 12
Philippines 11
Venezuela 10
Dominica 9
Kuwait 9
Ghana 8
Indonesia 7
Occupied Palestinian Territories 7
Sudan 7
Bahrain 6
Uzbekistan 6
Zimbabwe 6
Algeria 5
Armenia 5
Colombia 5
Morocco 5
Serbia 5
Burma 4
Nepal 4
Trinidad and Tobago 4
Tunisia 4
United Arab Emirates 4
Chile 3
Jamaica 3
Macau 3
Mongolia 3
Turkmenistan 3
Zambia 3
Argentina 2
Cameroon 2
Dominican Republic 2
Ecuador 2
Gambia, The 2
Georgia 2
Peru 2
Refugee 2
Albania 1
Angola 1
Bahamas, The 1
Barbados 1
Belize 1
Bhutan 1
Bolivia 1
Bosnia and Herzegovina 1
Cambodia 1
Guatemala 1
Kosovo 1
Madagascar 1
Maldives 1
Montenegro 1
Paraguay 1
Qatar 1
Seychelles 1

Download the excel sheet by country and year

Source: 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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