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Investment under rules before April 2014

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

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hards9256
Newbie
Posts: 32
Joined: Wed Aug 07, 2013 4:11 pm
Location: Bristol
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Investment under rules before April 2014

Post by hards9256 » Sun Apr 26, 2015 3:02 pm

hello
I got visa t1 200k on November 2013.
Am I allow to buy existing business and pay the previous owner ?
Company accounts are all up to date with tax n hmrc.
Is this ok as the rules changes in April 2014

Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 10:28 pm
Location: London, UK.

Re: Investment under rules before April 2014

Post by Olasunkanmi » Thu Apr 30, 2015 1:12 am

@ hards9256, its better to stay away from HO controversial issues. Buying a business while paying the former owner directly is frowned at by HO as it doesn't meet the requirement of ''fresh investment in UK'' because you are simply paying for an old business which already exist in UK and doesn't amount to fresh money in the UK economy.

My advice is that you should invest your money in a new business or invest in an existing business where your new ''investment fund'' will be use to improve the business and also creating additional jobs if you don't want any problem during your extension.
The key to success is knowledge and hardwork, and to have faith.

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

Re: Investment under rules before April 2014

Post by khandrakhan » Sat May 02, 2015 7:59 pm

Yes may be risky

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