The UK will still be a good place for entrepreneurs to spend their time and resources in with a stable political environment, solid economy and a robust rule of law. The extension of the visa for Tier 1 companies is an essential aspect of the overall settlement process in the UK. The Home Office does however routinely deny demands for extensions. Therefore, from the time their Tier 1 Entrepreneur Visa is issued, individuals must start preparing to extend the visa.
Immigration officials will determine whether they have created or managing a genuine company the credibility of the jobs created, their business practices and their financial reports and forecasts. They may be required to send additional documentation including a business plan to support their statements.
Due to insufficient business plans, many Tier 1 Entrepreneur Visa Extension applications fail. Applicants proposing the same business plan used to gain investment or funding are the most common mistake we see. These types of business plans concentrate on predictions of revenue and estimates of benefit. Although these are relevant information to include in the business plan for the Entrepreneur Visa extension, they should not be the primary focus. Instead, they should highlight their plan to continue generating jobs for settled individuals and to contribute to the UK economy. In other words, ensuring that the business plan they send to immigration caseworkers makes it clear that individuals have a deliverable plan in place to fulfill the requirements of the Tier 1 Entrepreneur Visa.
The best approach to ensure a good Tier 1 Visa extension application is to work during the three-year duration of their leave with an experienced immigration lawyer. For example, by obtaining guidance at every point of the journey, by investing, and recruiting new staff, they will be assured and completely compliant with the extension criteria and the application process would be easy. As soon as people consider an application for Entrepreneur Visa Extension by working with an immigration officer, they can be assured that the best legal guidance will come from their company and the personal path towards settlement.