Isle of Man Tier 1 (Entrepreneur) Visa – Explained

Tier 1 Entrepreneur Visa

Isle of Man immigration legislation closely mirrors that of the UK but is not identical so local Isle of Man advice is recommended. The Isle of Man Government immigration information on their website is useful.

It is important to note that Immigration decisions are made locally by the Isle of Man immigration staff (i.e. independently of UK agencies) therefore immigration officers are able to take local Isle of Man specific factors into account when considering decisions.

Entrepreneur (Tier 1) Visa category is suitable for Entrepreneurs from outside the EU who have a viable business idea who want to establish, join or take over an Isle of Man business.

The detailed requirements are set out in sections 245D-245DF (pages 67-73) of the Isle of Man Immigration rules. It is a points based system with numerous variables but in summary…

The Entrepreneur must be genuinely active within the business in the Isle of Man and invest funds of GBP200,000.

Benefits –

It permits an initial stay of 3 years 4 months – which, subject to success of the business can be extended – potentially leading to Indefinite Leave to Remain and British citizenship – potentially within 5 years..

The applicant is required to be able to demonstrate competence in English language. In practice this requirement can be met by
– taking a prescribed English language test
– by being a citizen of a specified majority English speaking country such as the USA, Australia or Canada; or
– by having a recognised degree-level qualification taught in English.

Middleton Katz can assist with applications, including supporting documents, such as the detailed business plan. We can also help with setting up and administering the Entrepreneur’s Isle of Man Company and even finding identifying suitable businesses opportunities.

Please contact David Parnell or Martin Katz for more information

See our Isle of Man Immigration Overview for details about other categories of Visa.

©2017 Middleton Katz Chartered Secretaries LLC is licensed by the Isle of Man Financial Services Authority

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