PSW Visa to Entrepreneur Visa UK
Are you currently on a tier 1 Post Study Work visa which is due to expire? We can transfer you to the Tier 1 Entrepreneur Visa today requiring a reduced £50,000 investment into UK business. Please get in contact today to learn how we can switch your Tier 1 PSW visa to Entrepreneur Visa UK.
In order to apply the applicant must currently have a valid Post Study Work (PSW) visa. The applicant must also be applying from the UK, and show access to £50,000. To apply for the PSW visa to Entrepreneur Visa switch, the applicant must have registered as a director in a UK business or as self-employed in the 3 months before the application.
NOTE: The PSW Visa to Entrepreneur Visa switch will no longer be available as an option after the end of 2014.
Frequently Asked Questions
How do i show access to £50,000?
You must show that you or a third party has the £50,000 on deposit, within a financial institution. The money must be disposable and not within assets.
Does the money need to be in the UK?
No, the money can be held anywhere in the world, as long as it can be transferred to the UK without restriction.
Can a someone else (a third party) show the money on my behalf?
Yes, a third party anywhere in the world can show the required funds on your behalf. They just need to show the money in their account and declare that money to you.
Can i have more than one third party holding my funds?
Yes, you can have as many as you wish, as long as they all provide the relevant documentation and the total of the funds reaches the required (£50,000).
Can i apply with another person as a team?
Yes, two applicants who meet the requirements, i.e. both currently on a PSW visa and applying from within the UK, can apply as a team sharing the £50,000 investment between them.