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<p>The UK has a comprehensive offer for skilled technology entrepreneurs seeking to
work in the United Kingdom.</p><p>Migrants wishing to establish, set up or take over
a business in the UK may apply under our Tier 1 (Entrepreneur) visa route if they
can demonstrate a credible business plan and have £50,000 funding to invest in their
business from a specified source, or £200,000 from any source.</p><p>For migrants
who have studied at UK universities and now wish to set up their own technology business,
the Tier 1 Graduate Entrepreneur visa route is also available. This route requires
applicants to be endorsed by a Higher Education Institution but does not require any
minimum investment funds and allows applications to work part time to support themselves
as they develop their business. The independent Migration Advisory Committee’s review
of the route in 2015, concluded that the Graduate Entrepreneur scheme works well;
it has limited numbers and attracts high quality people. The Government is currently
considering the MAC’s wider recommendations from that review.</p><p>For skilled technology
entrepreneurs who are at the very top of their profession that can demonstrate exceptional
skills or potential the UK also maintains an exceptional talent route. The Tier 1
(Exceptional Talent) route has 5 endorsing bodies of which Tech City provides endorsement
for those in the digital technology sector. On 11 January 2018, we doubled the number
of exceptional talent places available each year to 2000 places, recognising the contribution
that these highly skilled migrants make to the UK. Exceptional talent visas do not
require applicants to have a sponsoring employer and thus represents an attractive
offer to the very best potential technology entrepreneurs.</p>
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