This type of visitor’s visa was introduced in April 2011 to assist migration of prospective entrepreneurs to the UK.
Prospective entrepreneur’s visa allows those wishing to settle in the UK as Tier 1 (Entrepreneur) migrants to come to the UK for an initial period of up to six months in order to negotiate funding of their enterprise by FSA registered venture capitalist firms, UKTI endorsed seed competitions or UK government departments.
The applicants are expected to demonstrate intention to join, set up or take over a business in the UK and will undertake to make a decision regarding investing into the proposed business within six months of entering the UK.
This type of visa cannot be extended beyond six months, but may be varied to Tier 1 (Entrepreneur) before the end of the period of visit.
Prospective entrepreneur visitor visa does not allow for dependants of the main applicant. Dependants have to apply as visitors, or in any other capacity, in their own right.