Tomorrow (Friday 6 July 2018) marks the introduction of the latest statement of changes to Immigration rules.
The new rules are a small change in a wider rollout of changes which are taking place.
Tier 1 (Entrepreneur) visas are the most notably affected in the current rule changes. It now stands that those looking to enter the UK by establishing their own business or joining a business which is already established here will require a Tier 1 (Entrepreneur) visa to do so. They will also need a legitimate business plan, as well as either £200,000 or £50,000 depending on their circumstances.
There are two amendments being made to the route, which are to:
The first change means that those on a Tier 1 (Entrepreneur) Visa must prove that any business owner relying on third party money from family or business partners can prove this is because of their business interests in the UK.
The second change is more complicated. It requires a number of checks to be made involving banks and lawyers, against the intention of the third party to deliver the funds promised to the business in the UK.
For a more in-depth look at the changes which are set to be introduced, read freemovement’s latest post here.
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