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Tier 1 - Entrepreneur Guide

Tier 1 - Entrepreneur Online Assessment
  
Introduction
 
The Tier 1 Entrepreneur sub-category is replacing current Businesspersons and Innovators schemes. This category is perfect for those individuals who wish to start their own business in the UK. This guide will give you information about the criteria you must need to meet to be eligable for this category.
  
Points Criteria
  
Disposable Funds held in regulated financial institution 75 points
English Language Ability (Required) 10 points
Maintenance Funds (Required) 10 points
Total Points Required 95 points
  
The following tables show the number of points you can score according to above mentioned criteria. Keep in mind that you need to score 75 points from main attributes, 10 required points for English language ability and 10 required points for maintenance funds.
  
Applicant has at least £200,000 25 points
Funds are held in a regulated financial institution 25 points
Funds are disposable in the United Kingdom 25 points
  
English Language Ability (Required 10 Points)
You must show that you are profficient in English. 10 points
Click this link for the list of acceptable English Language Tests
  
Maintenance Funds (Required 10 Points)

If you are applying from outside UK you are required to score 10 points by proving that you can support yourself and any dependants.

Start up Costs Funds Total
£400 £2,400 £2,800
  

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