UK Prospective Entrepreneurs

The wording for the new UK Prospective Entrepreneur category is as follows:

“Prospective entrepreneurs”

Purpose

56n. This special Visitor route is to enable individuals who are at the time of applying for leave under this route in discussions with: (i) one or more registered venture capitalist firms regulated by the financial services authority, and/or(ii) one or more UK entrepreneurial seed funding competitions which is listed as endorsed on the UK Trade & investment website, and/or(iii) one or more UK Government departments, to secure funding in order to join, set up or take over, and be actively involved in the running of, a business in the UK

Requirements for leave to enter as a Prospective entrepreneur

56o. The requirements to be met by a person seeking leave to enter the United Kingdom as a Prospective entrepreneur are that:

(a) The applicant must provide an original, signed letter on headed paper supporting the application from:

(i) one or more registered venture capitalist firms regulated by the financial services authority,

(ii) one or more UK entrepreneurial seed funding competitions which is listed as endorsed on the UK Trade & investment website, or

(iii) one or more UK Government departments;

(b) The letter referred to in (a) must be dated no earlier than three months before the date of the application, be signed by an authorised official, and contain:

(i) a description of the nature of the individual(s) and/or organisation(s) supporting the application;

(ii) a description of the background and nature of the proposed business;

(iii) a description of the applicant’s suitability to be involved with the proposed business; 6

(iv) a commitment by the individual(s) and/or organisation(s) supporting the applicant to provide a minimum of £50k funding for the proposed business within 6 months of the applicant entering the UK. (if more than one individual and/or organisation is supporting the applicant, each amount proposed may be less than £50k, provided that the total amount is a minimum of £50k);

(v) a commitment by the individual(s) or organisation(s) supporting the applicant that the proposed business will be set up and run from the UK;

(vi) details of a contact name, telephone number and e-mail address for the individual(s) and/or organisation(s) supporting the applicant; and(vii) confirmation that the individual(s) and/or organisation(s) supporting the applicant is content to be contacted about the applicant;

(c) The applicant’s primary intention in applying as a Prospective entrepreneur is to secure funding in order to join, set up or take over, and be actively involved in the running of a business in the UK;

(d) The applicant intends to carry out one of the activities as listed in guidance published by the UK Border agency, specifying the activities that a Prospective entrepreneur may undertake during a visit to the UK;

(e) The applicant intends to leave the United Kingdom at the end of the period of the visit as stated by him, unless he makes a successful application for leave to remain as a Tier 1 (entrepreneur) Migrant before the end of the period of the visit;

(f) The applicant will maintain and accommodate himself and any dependants adequately out of resources available to him without recourse to public funds or taking employment; or will, with any dependants, be maintained and accommodated adequately by relatives or friends;

(g) The applicant does not intend during his visit to:

(i) take employment in the United Kingdom;

(ii) produce goods or provide services within the United Kingdom, including the selling of goods or services direct to members of the public;

(iii) undertake a course of study;

(iv) marry or form a civil partnership, or to give notice of marriage or civil partnership; or

(v) receive private medical treatment.

(h) The applicant is not under the age of 18;

(i) The applicant is not in transit to a country outside the common travel area; and

(j) The applicant holds a valid United Kingdom entry clearance for entry in this capacity.leave to enter as a Prospective entrepreneur56P. a person seeking leave to enter to the United Kingdom as a Prospective entrepreneur may be admitted for a period not exceeding 6 months, subject to a condition prohibiting employment, provided the secretary of state is satisfied that each of the requirements of paragraph 56o is met.

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