To be allowed to enter UK to secure funding, make arrangements for starting business 17th March 2011: The tide is all set to turn in favour of the entrepreneurs. The government also plans to create a new type of visitor visa for prospective entrepreneurs to allow them to enter the UK to secure funding and make arrangements for starting their business before they transfer to a full Tier 1 (Entrepreneur).
Immigration Minister Damian Green has also promised to issue far more visas to the investors and businessmen than the previous year.
Insisting that the UK remains open for business and they want “those who have the most to offer to come and settle here”, Green said: ‘Entrepreneurs and investors can play a major part in our economic recovery, and I want to do everything I can to ensure that Britain remains an attractive destination for them.
‘Last year we issued far too few visas to those who wish to set up a business or invest in the UK – I intend to change that.’
The UK Border Agency added: `Additionally, a new type of visitor visa will be created for prospective entrepreneurs. They will be allowed to enter the UK so that they can secure funding and make arrangements for starting their business before they transfer to a full Tier 1 (Entrepreneur) visa while they are here.
`Major investors will also enjoy more flexibility: they will be allowed to spend up to 180 days per year, rather than 90, outside the UK without affecting their right to settle here. This addresses a major concern cited by investors, as they need to be constantly mobile.