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Working as an entrepreneur in the UK after study – Tier 1 Graduate Entrepreneur (GE) Visa

Working as an entrepreneur in the UK after study – Tier 1 Graduate Entrepreneur (GE) Visa. This webinar will start at 1pm In the meantime please: Configure your audio Click on Tools, Audio, Audio setup wizard and follow the directions in the setup wizard

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Working as an entrepreneur in the UK after study – Tier 1 Graduate Entrepreneur (GE) Visa

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  1. Working as an entrepreneur in the UK after study – Tier 1 Graduate Entrepreneur (GE) Visa • This webinar will start at 1pm • In the meantime please: • Configure your audio Click on Tools, Audio, Audio setup wizard and follow the directions in the setup wizard • Familiarise yourself with the screen Chat window – to post messages, flag up technical problems and ask questions

  2. Tier 1 Graduate Entrepreneur (GE) Visa Laura Bryan International Student Adviser 24 May 2018

  3. Presentation content • Working on a Tier 4 visa • Tier 1 Graduate Entrepreneur Please note that I cannot give individual immigration advice during this webinar. If you need advice please contact the International Student Adviser at your institution. If you are an Aston University student please contact The Hub on 0121 204 4007 or issu@aston.ac.uk A recording of this webinar will be added to the Midlands International Group website at https://midlandsinternationalgroup.org.uk/

  4. Assumptions • This presentation assumes you currently possess a Tier 4 student visa to study at a UK higher education institution. • If you have another type of visa, or dependants, please make an appointment to see the International Student Adviser at your institution. • Information correct as of May 2018 but liable to change.

  5. Working using your student visa • On a Tier 4 Student visa you cannot: • Fill a permanent full-time vacancy • Be self-employed or engage in business activity • Be employed as a professional sportsperson/coach • Be employed as an entertainer • You should be very careful about doing any kind of work that is freelance or on a self-employed basis. • If you want to set up in business in the UK after your studies, you could apply for the Tier 1 Graduate Entrepreneur (Tier 1 GE) visa.

  6. Tier 1 Graduate Entrepreneur - sponsorship • “The Tier 1 (Graduate Entrepreneur) route is for: • UK graduates identified by Higher Education Institutions (HEI) as having developed genuine and credible business ideas and entrepreneurial skills to establish one or more businesses in the UK; • Graduates who have been identified by the Department for International Trade (DIT) as elite global entrepreneurs seeking to establish one or more businesses in the UK.” (Tier 1 GE policy guidance) • You could be sponsored by the HEI at which you have studied (if they are a Tier 1 GE endorsing institution) or another HEI (providing they will sponsor graduates from other HEIs).

  7. Tier 1 Graduate Entrepreneur - sponsorship • Every year, the Tier 1 (Graduate Entrepreneur) visa route is limited to 2000 places. • The places are allocated as follows: • 1900 for HEIs to endorse graduates in any subjects • 100 for DIT to endorse overseas graduates • Each HEI usually has 20 endorsements per year to offer.

  8. Tier 1 Graduate Entrepreneur - requirements • Your sponsor has to assess your business idea. You will need to check with your sponsor how they do this – eg application process. • Your business idea must be genuine, credible and viable. Sponsors cannot support a business idea involving property development or property management or a “routine business which will merely compete with other local traders”. • Your sponsor will issue you with an endorsement letter to confirm they have assessed your business idea and will sponsor you.

  9. Tier 1 Graduate Entrepreneur - requirements • You must have been awarded a UK recognised Bachelors, Masters or PhD degree. • Maintenance: • £945 for 90 days (applying in the UK) • £1890 for 90 days (applying overseas) • You do not need to show you have funds to start up your business for the visa application, but your sponsor will likely want to know that you have this. • You must not previously have been granted a Tier 1 Post Study Work (PSW) visa, a Fresh Talent: Working in Scotland visa, an International Graduate Scheme (IGS) visa or a Science and Engineering Graduate Scheme (SEGS) visa.

  10. Tier 1 Graduate Entrepreneur – points You will need 95 points: • 25 Points Valid endorsement from a Tier 1GE sponsor • 25 Points Endorsement confirms your business idea has been assessed • 25 Points Awarded a UK Bachelors, Masters or PhD • 10 Points English language (automatic if meet 75 points above) • 10 Points Maintenance (£945 for 90 days in UK, £1890 for 90 days outside UK)

  11. Tier 1 Graduate Entrepreneur - applying • Where can I apply? • In the UK or overseas • If overseas you need to show more money for maintenance • When should I apply? • Once you have been awarded a UK degree • Once you have a valid endorsement from a UK HEI • Within 3 months of the issue date of the endorsement • Once you have maintained the required funds for the 90 day period • How do I apply in the UK? • Paper application form available on www.gov.uk • Post your application or book in-person appointment

  12. Tier 1 Graduate Entrepreneur - conditions • The visa will be valid for 12 months. • It can be extended for a further 12 months if your progress is satisfactory to your sponsor. • After 24 months switch to Tier 1 Entrepreneur to continue working on your business. You will need available funds of £50,000 for this. • Can also switch to Tier 2 (for skilled work) or Tier 1 Exceptional Talent.

  13. Tier 1 Graduate Entrepreneur - conditions • The visa allows you to work full-time alongside setting up / running your business. • BUT you must spend majority of your time on your business. • You cannot work as a doctor or dentist in training, take a permanent job or work as a professional sportsperson, sports coach or entertainer. • When can I start working towards my business? • Once you have been awarded a UK degree AND • You have submitted a T1GE visa application (posted it or attended a visa appointment in person).

  14. Tier 1 Graduate Entrepreneur - engagement • Your Tier 1 GE sponsor is responsible for monitoring your engagement on your business and if this is not satisfactory they may withdraw sponsorship = curtailed visa. • You need to keep in touch with your sponsor regularly (twice over 12 months), let them know if you leave the UK for 60 days+ or permanently and if you switch visas.

  15. Further information Home Office webpage: https://www.gov.uk/tier-1-graduate-entrepreneur-visa Tier 1 GE policy guidance: https://www.gov.uk/government/publications/guidance-on-applications-under-tier-1-graduate-entrepreneur UKCISA webpage: https://www.ukcisa.org.uk/Information--Advice/Working/Working-after-studies#layer-3796

  16. Further information Any questions?

  17. Tell us what you think • Please type in a few words to answer these • questions • Q1 What was most useful? • Q2 What was least useful? • Q3 As a result of the webinar what will you do differently? • Q4 What changes would be needed if ran this webinar again?

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