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What exit strategies do I have to sell my business used for Tier 1 visa and keep my status in the UK?

I established a business as part of my Tier 1 entrepreneurship visa several years ago and got my visa. Now I am looking to exit the business. What are some safe exit strategies I can use to sell the business and keep my status in the U.K.?

  • Global 4 Immigration
    December 19, 2019

    To remain in the U.K., you will need to switch your visa category. Most entrepreneurs would switch to a Tier 2 general visa, which is the obvious visa route. If you are in a relationship with an EU or U.K. settled person, you could switch into this visa route. You could also switch into Tier 4 student route, but it may have issues later on when you try to settle in the U.K. Once you obtained a new U.K. visa, you are no longer obligated to run your business under the immigration rules, but until you can find a new visa route, which is approved by the Home Office, you have to be active in your business.