UK BUSINESS VISA FOR THAI NATIONAL
This visa category is for people wishing to come to the UK to start a business. You may start any type of business, but you must work full time in the management of the business. Unless you are a national of Bulgaria, The Czech Republic, Hungary, Poland, Romania, Slovakia, Estonia, Latvia, Lithuania or Slovenia, entry to the UK as an investor will require you to invest £200,000 in the UK.
If the investment is considerably greater than the minimum £200,000 the Home Office is likely to be less stringent with the other requirements of the rules and the application may be processed more quickly.
If you are a national of a country that is not covered by the EC
Association Agreement, you will need to show that you will:
- Invest £200,000 in a new UK business
- Create full time employment for at least 2 EEA nationals
- Work solely in the business
- Have sufficient funds to accommodate and maintain yourself until the business is profitable.
- Have a controlling interest in the business.
- Take a share of the business’s liabilities
- Be implementing a business plan that looks to be thorough and viable
- The money to be invested in the UK should be your own and not from any other source (e.g. bank loans). It can be held in the form of cash and share capital and the investment should give you an equal or controlling interest in the business.
You may apply for your spouse and children to accompany you as your dependants. Your spouse/partner and dependent children may work as long as they have permission to stay in the UK. Your children entering the UK as your dependants are entitled to the same free education as British children.
You may choose to send your children to a private school if you wish. You and your family are eligible to free health care provided by the National Health Service. You are not required to take out private health insurance, although you may choose so to do.
You will initially get a visa valid for a period of 12 months
During this time you must usually make the full investment and create the required 2 jobs. At the end of this first year, the visa can be extended by applying to the Home Office. The extension application will need to be accompanied by documentation showing the progress that your business has made; as long as the business looks viable, the investment has been made, and the jobs have been created, then the Home Office will normally grant a three-year extension to your visa.
After a total of 4 years in the UK
You may apply for indefinite leave to remain (Permanent Residence). A year after being granted indefinite leave to remain you may apply for naturalization as a British citizen. Click here for further details The visa application should be made to a British Embassy in the Bangkok or the country of your nationality. If it is clear that you have a very strong case (for example, where the sum to be invested is significantly more than £200,000), it may be approved quite quickly by the consular officials. However, if your case requires more careful assessment, it will be referred to the Home Office in the UK. Irrespective of the strength of the application, it will be referred to the Home Office for security clearance if you are a citizen of Russia, North Korea, Liberia, or Iraq.
When applications are referred to the Home Office, processing will normally take 9 months. The application should be accompanied by:
Visa fee of £ 50
2 passport photos for each applicant
Business plan which should include:
• The object of the business
- • A detailed description of employment created.
- • A projected balance sheet, including:
• The financial outlay
- • Any loan to the company
- • Assets
- • Stock
- • Profit and loss projection
• Overheads including:
• Establishment expenses
- • Admin expenses
- • Depreciation
You may be asked to justify the assumptions made in the business plan for example with market research. Siam Firm Inter Law is able to help you with all areas of the application – including, if necessary, the business plan.
Guide to UK Business visit Visas
For trips to the UK of up to 6 months, a visit visa can be used where the work to be performed is limited; the official guidelines state that the following may come to the UK as business visitors
- Advisers, consultants, trainers, trouble-shooters etc, provided they are employed abroad, either directly or under contract, by the same company (or group of companies) to which the client firm in the United Kingdom belongs. Their involvement must not extend to actual project management or to providing advice or consultancy services direct to clients of the United Kingdom company. Training should be for a specific, "one-off" purpose (for example, training in the use of products manufactured overseas or training specific to the operation of a group of companies of which the United Kingdom firm is a member). The training should not go beyond classroom instruction and should not otherwise be readilyavailable in the UK;
- Representatives of computer software companies coming to install, debug or enhance their products.
3.Representatives of computer software companies coming to be briefed as to the requirements of a United Kingdom customer. HOWEVER if they are to provide a service involving the use of their expertise to make a detailed assessment of a potential customer's requirements this should be regarded as consultancy work for which a work permit is required;
The effect of these regulations is that (i) allows considerable flexibility for an in-house training/roll out team, and (ii) gives considerable freedom to employees of such companies as Oracle, SAP, etc. who are rolling out their own products at client sites. As the majority of IT roll-outs are conducted by consultancies who are using products manufactured by a third party, such activities will require a work permit.