overseesguideline

You must get a visa to set up in business in the UK.
All applications, except for those made under a European Community Association Agreement (ECAA), are referred to the Home Office in the UK before a decision can be made and a visa issued.

To qualify, you must be able to show evidence for the following.

You have at least £200,000 under your control, which is available for you to use in the UK and which is held in your name (it is not held by trust or other investment arrangements), with the aim of investing it in a business in the UK.
You have enough extra funds to support yourself and any dependants, and live without needing any help from public funds or taking employment (other than work for the business) until the business earns you income.
You intend to be actively involved full-time in trading or providing services on your own account or in partnership, or in promoting and managing the company as a director.
You intend to keep a level of financial investment proportional to your interest in the business.
You intend to have either a controlling or equal interest in the business, and any partnership or directorship must not amount to disguised employment. (This is when a person claims to be running the business but is really an employee.)
You can afford your share of any liabilities.
You intend to provide investment and services for which there is a genuine need in the UK.
You expect to receive a share of the profits from the business, which will be enough to support yourself and any dependants, and live without needing any help from public funds or taking employment (other than the business).
You do not intend to take or look for any other employment in the UK other than your work for the business.

If you are taking over or joining as a partner or director in an existing business, you should provide:

a written statement of the terms on which you will join or take over the business
audited accounts from the business for previous years, and
evidence that your services and investment will lead to an overall increase in the employment the business provides and so create at least two new full-time jobs for people already settled in the UK.

If you are setting up a new business in the UK, you should provide evidence that:

you will bring enough funds of your own to the UK to set up the business, and
the business will create at least two new full-time jobs for people already settled in the UK.

The above conditions apply to self-employed doctors and dentists.
As well as the general rules about setting up in business listed above, nationals of Bulgaria and Romania can apply for a visa to set themselves up in business under the special provisions of the European Community Association Agreements (ECAA). If you qualify for this type of visa, you do not need a work permit.
To qualify for this type of visa, you must:

put into the business money that is under your control and that is enough to set yourself up in business.
have enough extra funds to support yourself and any dependants, and live without any help from public funds or taking employment (other than work for the business) until you earn income from the business
receive a share of the business’s profits, which will be enough to support yourself and any dependants, and live without needing any help from public funds or taking employment (other than in the business), and
not intend to take or look for any other employment in the UK (other than your work for the business).

If you are setting yourself up in a new business or taking over an existing company, you must provide evidence that:

you are a national of either Bulgaria or Romania
you will have a controlling interest in the company
you will be actively involved in promoting and managing the company
the company will be registered in the UK and be trading or providing services in the UK
the company will own the assets of the business, and
you are taking over or joining an existing business, and providing audited accounts for the past three years.

If you are setting yourself up in self-employment or as a partner in an existing business, you must provide evidence that:

you are a national of either Bulgaria or Romania
you will be actively involved in trading or providing services on your own account or in partnership in the UK
you alone, or together with partners, will own the assets of the business
where you are a partner in a business, your part in the business will not amount to disguised employment (see above), and
you are taking over or joining an existing company and providing audited accounts from previous years.

Members of the legal profession can qualify under special concessionary arrangements outside the Immigration Rules. Applications do not need to be referred to the Home Office in the UK.
Solicitors and law consultants setting up or entering into a partnership in an existing practice in the UK, and barristers setting up in chambers, can enter the UK as long as the following evidence is provided or action taken.
Barristers:

You must produce a letter of admission from the General Council of the Bar (England and Wales, Scotland or Northern Ireland) or evidence of a place in chambers.
You must have enough funds to meet a share of the cost of renting chambers and paying staff salaries.

Solicitors:

You must produce a letter of admission to the Roll of Solicitors from the appropriate law society (England and Wales, Scotland or Northern Ireland).
You must have enough funds to either set up a new practice or enter into partnership with an existing practice from which you will receive a share of the profits.

Consultants in overseas law

You must show evidence of your qualifications.
You must produce a letter from the appropriate law society (England and Wales, Scotland and Northern Ireland) confirming that there is no objection to you being given entry clearance for this purpose.
You must have enough funds to either set up a new practice or enter into partnership with an existing practice from which you will receive a share of the profits.

The requirements for investment and job creation do not apply for people setting up in business within the legal profession in the UK.
The requirements for maintenance and accommodation are the same as for the other types of business covered in this guidance.
Your husband, wife or eligible partner and children under 18 can join you as your dependants in the UK if:

they have a visa for this purpose, and
you can support them and live without needing help from public funds

You will need to fill in a visa application form (VAF 1 – non-settlement). You can download the form from this website, or get one, free of charge, from our visa section.
You must apply for your visa in the country of which you are a national or where you legally live.
You can apply in a number of ways, for example by post, by courier, in person and online. Our visa section will tell you about the ways in which you can apply.
In some countries, if you are applying for a visa to stay in the UK for more than six months, you may need to be tested for active tuberculosis before we will accept your application. You can find out if you need to be tested by using the “Do I need a UK visa?” questionnaire on this website, or by contacting our visa section.

You will need the following.

Your passport or travel document.
visa application form (VAF 1 – non-settlement).
A recent passport-sized (45mm x 35mm), colour photograph of yourself. This should be:

taken against a light coloured background
clear and of good quality, and not framed or backed
printed on normal photographic paper, and
full face and without sunglasses, hat or other head covering unless you wear this for cultural or religious reasons.

The visa fee. This cannot be refunded and you must normally pay it in the local currency of the country where you are applying.
The documents referred to above that relate to the type of business you are applying for entry clearance to set up in the UK.

You should include all the documents you can to show that you qualify for entry to set yourself up in business. If you do not, we may refuse your application.
Your dependants will need the following

Their passport or travel document.
visa application form (VAF 1 – non-settlement).
A recent passport-sized (45mm x 35mm), colour photograph of themselves. This should be:

taken against a light coloured background
clear and of good quality, and not framed or backed
printed on normal photographic paper, and
full face and without sunglasses, hat or other head covering unless they wear this for cultural or religious reasons.

The visa fee. This cannot be refunded and they must normally pay it in the local currency of the country where they are applying.
Evidence of their relationship to you.
Evidence that you can support them without needing any help from public funds.

A copy of the relevant pages from your passport, showing your permission to stay if you are already in the UK.