USA and the UK
Please Note: You can no longer apply for a new Tier 1 (Investor) visa. Reach out to us for advice on which alternative visa is most suitable.
An important part of making a Innovator Visa application is a high-quality business plan. According to recent figures, 1/3 of all Entrepreneur Visa refusals are due to a poor business plan. Writing a business plan properly may be the deciding factor in whether you can come to the UK as an entrepreneur or not.
To apply for a Tier 1 Entrepreneur Visa, you will need a business plan which demonstrates how your business benefits the British economy. You need to know your business plan inside-out as this will be scrutinized in your Entrepreneur Visa interview.
How Can IAS help?
If you need help writing a business plan that meets the standard of the Home Office, we can help. Our lawyers have experience in supporting international entrepreneurs with successful applications. As part of our service, we can pair you with highly-professional consultants who can write your business plan for you. Call us on +1844 290 6312 or use our online form to get in touch.
Last modified on June 21st, 2023 at 5:40 am
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A business plan is vital to your Tier 1 Entrepreneur Visa application. It is a research document which describes your:
- business model
- financial forecasts
- professional objectives
- business structure
This document is often written and collated by industry experts but, since you will be questioned on it during your interview, you must know it intimately.
A good business plan may be the difference between an accepted and a rejected Tier 1 application. It will show that you have carefully researched your market and that you have genuine intentions as a UK businessperson.
Your business plan should provide details on every area of your business.
This will include:
- An executive summary of the business;
- A business overview;
- Operations plans (including the physical setup of your business);
- Market analysis;
- A description of what you will be selling (goods or services);
- Your sales and marketing plans;
- Analysis of your competitors (similar companies/general UK market);
- Information on all the roles involved in the business;
- Your financial plan and projections.
At IAS, we can direct you to a specialist business consultant who can assist you with planning and writing your business plan. Our lawyers have extensive experience in helping entrepreneurs receive their Tier 1 Visa.
Your lawyer will:
- Meet with you in person, over the phone or via Skype at a time to suit you;
- Assess your business plan with you, ensuring that every area is covered and that you are able to answer common Home Office questions;
- Ensure your business plan and documents are organized in an accessible way for the Home Office;
- Maintain contact with the Home Office throughout your application.
With our help, you will be fully prepared to meet with the Home Office to discuss your Tier 1 Entrepreneur business plan. Your application will be in the best possible position to receive a positive result from the Home Office. If you would like to know how IAS can help you before making an application, call us on +1844 290 6312 or make an inquiry using our online form.