More than 330,000 companies are registered in the UK every year.

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On this page, you will find information about Tier 1 visas, the UK’s business climate, a glossary of terms and answers to frequently asked questions.

 

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Glossary of Terms

Companies House
Companies House is the registrar of companies in the UK and All forms of companies (as permitted by the United Kingdom Companies Act) are incorporated and registered with Companies House and file specific details as required by the Companies Act.
Entrepreneur Visa
UK Tier 1 Entrepreneur Visa
FLR
Further Leave to Remain
HMRC
Her Majesty's Revenue and Customs - is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, and the administration of other regulatory regimes including the national minimum wage.
Home Office
The Home Office is the UK government department responsible for immigration control, security, and order. As such it is responsible for the police, UK Border Agency, and the Security Service (MI5).
ILR
Indefinite leave to remain is an immigration status granted to a person who does not hold right of abode in the UK but who has been admitted to the UK without any time limit on his or her stay and is free to take up employment or study without restriction. A person who has ILR has settled status if resident in the UK.
Investor Visa
UK Tier 1 Investor Visa
OISC
Office of the Immigration Services Commissioner is responsible for regulating immigration advisers.
PSW
Post-Study Work visa (which was abolished in the UK in April 2012)
PR
Permanent Residency – see Indefinite Leave to Remain
PBS
Points-Based System
SME
Small and Medium Enterprises
UK Visas and Immigration (UKVI)
Government department responsible for running the UK's visa service including making decisions on applications and asylum services.
GEP
Global Entrepreneur Programme
UKTI
United Kingdom Trade and Investment
FDI
Foreign Direct Investment: Foreign Direct Investment or ‘FDI’ is an investment made by an individual, company or entity based in one country, into a company or entity based in another country. FDI differs from indirect investment as overseas entities/ individuals are open to invest into a market of unlisted companies, as well as listed companies. This differs from overseas indirect investment which targets equities listed on a nation's stock exchange. Foreign direct investors tend to have a significant degree of influence in the company into which they invest. The investment supports the investee country’s economic growth through the process of financially backing start-ups and small to medium sized enterprises’ expansion. This results in job creation and entrepreneurial activity within the country can grow. Furthermore FDI pursuits may be involved in high net worth ventures and cross border deals, involving development and infrastructure; mergers and/or joint ventures. Thriving open economies with a strong workforce and evidence of growth typically attract and sustain FDI compared to closed economies. The nature of foreign direct investment supports our rapidly globalising economy which opens up new opportunities in a national and global market to serve new customers and partnerships.
MAC
Migration Advisory Committee
SOE
State Owned Enterprise