There are four sub-categories of the Tier 1visa. It is important to understand the difference between each sub-category, as the qualifying criteria and conditions attached to each visa are different.
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General
For highly skilled professionals looking for self-employment; to set up in business or be an independent contractor. This has replaced the Highly Skilled Migrant Programme (HSMP).
You need to show that you meet the following criteria:
• 80 Points for Attributes (Age, Qualifications, Experience, Previous Earnings)
• 10 Points for English language
• 10 Points for Maintenance (funds)
Initial applications are granted for three years. Extension applications are granted for a further two years.
Post Study Work
For recent UK graduates looking to remain in the UK to seek employment. This has replaced the International Graduate Scheme [IGS], Science and Engineering Graduate Scheme [SEGS], Fresh Talent Working in Scotland Scheme [FT:WISS]
You need to show that you meet the following criteria:
• 75 Points for Attributes (Qualification, Institution where Studied, Immigration
Status During Studies and/or Research, Date of Award,)
• 10 Points for English language
• 10 Points for Maintenance (funds)
Initial applications are granted for two years (unless previously granted IGS). You cannot extend this visa beyond the two year period; you need to switch into another immigration category.
Tier 1 (Investor)
High net worth individuals that wish to make a significant financial investment in the UK. Will be expected to demonstrate ability to invest at least £1million.
You need to show that you meet the following criteria:
• 75 Points for Attributes (£1m of disposable funds in a regulated financial institution; or £2m in personal assets and a £1m loan from an authorised financial institution).
Investors are exempt from having to meet the English language and maintenance requirements. Initial applications are granted for three years. Extension applications are granted for a further two years.
Tier 1 (Entrepreneur)
For those looking to set up, take over, and be actively involved in the running of one or more businesses in the UK.
You need to show that you meet the following criteria:
• 75 Points for Attributes (£200,000 funds in a regulated financial institution; which
are disposable in the UK).
• 10 Points for English language
• 10 Points for Maintenance (funds)
Initial applications are granted for three years. Extension applications are granted for a further two years