For a Tier 1 (Entrepreneur) visa holder, the qualifying period for applying for an Indefinite Leave to Remain (ILR) is typically 5 years; however you may still qualify for settlement if you meet other requirements. It is important to always check for the latest guidance before applying. The Indefinite Leave to Remain visa category, also known as Permanent Residence, provide holders with the rights to settle (live, work, etc) in the UK without immigration restrictions.