ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Franchise fee

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

Moderators: Casa, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, archigabe

Locked
YouKTier
Junior Member
Posts: 62
Joined: Thu Aug 21, 2014 11:13 pm

Franchise fee

Post by YouKTier » Wed Apr 01, 2015 7:45 pm

Hi guys, will franchise fee be counted as investment?

imran10
Junior Member
Posts: 56
Joined: Thu Jul 24, 2014 9:59 pm

Re: Franchise fee

Post by imran10 » Thu Apr 02, 2015 5:40 pm

are you on 50k or 200k?

if you are on 50k Route then you can invest in franchise but the service should not below NQF level 4.

and if you are on 200k then you can invest in any franchise .

Cheers

YouKTier
Junior Member
Posts: 62
Joined: Thu Aug 21, 2014 11:13 pm

Re: Franchise fee

Post by YouKTier » Thu Apr 02, 2015 10:09 pm

imran10 wrote:are you on 50k or 200k?

if you are on 50k Route then you can invest in franchise but the service should not below NQF level 4.

and if you are on 200k then you can invest in any franchise .

Cheers

Thanks for that. I am on 50k route and I do know that we can invest on a franchise of level 4 and above but my query was whether or not the franchise fee (there is an initial fee that is paid to franchisor and then ongoing monthly/ annual fees) paid to the franchisor will be considered as part of the investment or not? Hope I am clear, anyone with an answer to this please reply

hope13
Newly Registered
Posts: 7
Joined: Thu Oct 31, 2013 2:14 pm

Re: Franchise fee

Post by hope13 » Mon Apr 20, 2015 2:30 am

Yes, the cost of the franchise is considered an investment. I did so last year

Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 5:32 pm

Re: Franchise fee

Post by Legal83 » Mon Apr 20, 2015 5:20 pm

I asked 1 accountant, who already submitted few cases or dealing with ent visa, he said franchise fee will not be counted as investment because this is the amount you are paying for good will / name.

imran10
Junior Member
Posts: 56
Joined: Thu Jul 24, 2014 9:59 pm

Re: Franchise fee

Post by imran10 » Mon Apr 20, 2015 9:27 pm

According to Policy Guide (Businesses that are set up as franchises can be accepted for the award of points)

Here can be accepted means the service should be more than NQF level 4.

YouKTier
Junior Member
Posts: 62
Joined: Thu Aug 21, 2014 11:13 pm

Re: Franchise fee

Post by YouKTier » Tue Apr 21, 2015 5:19 pm

Oh god I wish UKBA had a exclusive helpline for applicants in this route, everything is so confusing and unclear with different answers to most query posted here. Any advice on checking if NQF level matches the business that I am looking at as even solicitors that I have approached are confused about it and doesn't give a firm answer :?

Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 5:32 pm

Re: Franchise fee

Post by Legal83 » Tue Apr 21, 2015 8:28 pm

No one is clear about NQF at the time of extension, guidence says only for initial applications, but if they will only consider NQF level 4 business then definately franchising of any retail etc is not considerable.

khandrakhan
Newbie
Posts: 40
Joined: Sat May 02, 2015 5:29 pm

Re: Franchise fee

Post by khandrakhan » Sat May 02, 2015 8:54 pm

YEs I think so okay too

Locked
cron