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applying for PSW Tier1 Entrepreneur visa

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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tech14
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Posts: 4
Joined: Wed Apr 16, 2014 8:56 am

applying for PSW Tier1 Entrepreneur visa

Post by tech14 » Wed Apr 16, 2014 9:10 am

Hello All,

I will be applying for my T1 PSW to Entrepreneur visa.
I have a limited company registered on October 2012 and been trading actively since then.

I have few queries:
though my masters degree was in research in drug discovery in uk, I have been working as an IT engineer/consultant after completion of studies as i had around 4 years of experience in the same field:

My education: Bioendineering ,(India)
Drug Discovery (Masters) UK

Limited company: IT contracts since 2012, October
1st year revenue: £33,000 (excluding VAT)
2nd year projected revenue : £45,000 (excluding VAT)
VAT registered on March 2014
Corporation tax will be paid next month.
Paid a self employed accountant for all my accounting work for last year.
I have paid for many IT and other training expenses for myself in last one year.

Present contract: Present contract till March 2015.

Member of few computer and IT societies and journal.

Access to £50,000 - I will show £50,000 in my company account (part of the money will be from wife wife who is working in UK as well)

Business plan will be: Two departments: 1) IT. 2) Biosciences consulting.


My question to all is:
What are the problems I need to tackle before applying and what are the other documents I need to submit. Also if you have any suggestions or advise?

Thanks

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