If you currently hold a Tier 1 Entrepreneur visa, you can apply for a Tier 1 Entrepreneur visa extension until 5 April 2023. If your application is successful, you will be granted an extension of stay as a Tier 1 Entrepreneur for a period of 2 years. Applications for indefinite leave to remain as a Tier 1 Entrepreneur can be made until 5 April 2025.
Requirements for a Tier 1 Entrepreneur visa extension
In order to extend your stay as a Tier 1 Entrepreneur, you will need to satisfy UK Visas & Immigration that:
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You registered as a business director or as self-employed within 6 months of entering the Tier 1 Entrepreneur category;
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You are still registered as a business director or as self-employed within the 3 months prior to your date of application;
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You have invested at least £200,000 or £50,000 (depending on the amount your initial application was based on) in a business or businesses in the UK;
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You have created at least two full-time jobs for persons settled in the UK and these jobs have existed for at least 12 months;
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You have established, taken over or become a director of a genuine UK business, genuinely operated that business and genuinely intend to continue operating the business;
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You are competent in the English language to at least CEFR Level B1 (equivalent to IELTS 4.0 in reading, writing, listening and speaking);
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You have enough additional money to support yourself without relying on public funds.
Tier 1 Entrepreneur: Indefinite Leave to Remain
An application for Indefinite Leave to Remain can be made once an applicant has held Tier 1 Entrepreneur status for a period of at least 5 years. In order to be eligible to apply for Indefinite Leave to Remain, applicants must demonstrate that they continue to meet the requirements as listed above.