expert Advice needed for 50K Route

HI Everyone

I need some advice from expertise. I got tier 1 Ent. Visa from PSW on 50 K Route. I invested more then 20,000 and another 1 year left for another investment. all money in a business account. created employment. and business is running ok. and for this company I got my Visa.

but other ends I got second business on my name that just grocery shop. and this business I didn't used for visa or declared in my application. this second business just for extra income and I don't want to close this business.

so My Questions is am I allow doing more then 1 business. ?? my first business is perfect for visa extension but the second business level is not good for 50L Route. but I am do not gone use this business for visa extension.
can I run second business for just extra money? is that my all business need to be management Level??

Another point I want to add that after extension I need 4 months for 10-year ILR

Thank you, Everyone.

branch139 wrote:HI Everyone

I need some advice from expertise. I got tier 1 Ent. Visa from PSW on 50 K Route. I invested more then 20,000 and another 1 year left for another investment. all money in a business account. created employment. and business is running ok. and for this company I got my Visa.

but other ends I got second business on my name that just grocery shop. and this business I didn't used for visa or declared in my application. this second business just for extra income and I don't want to close this business.

so My Questions is am I allow doing more then 1 business. ?? my first business is perfect for visa extension but the second business level is not good for 50L Route. but I am do not gone use this business for visa extension.
can I run second business for just extra money? is that my all business need to be management Level??

Another point I want to add that after extension I need 4 months for 10-year ILR

Thank you, Everyone.

There is no limitations to run multiple businesses. Make sure you are paying all taxes, paying wages (min/living wage), business registered.

I don't think you can hide it from HO 2nd business so explain it in covering letter. Don't mess up as you can apply for ILR after yuor extension. good luck

Thank you seasky for your helpful reply.

I paid all tax. both are a limited company . second company VAT Regi. and everything up to date.

I was just worried because my second Business is not level for a 50K route . someone advised me that I can only do management level business.

my first business is management level so I will apply for an extension with first Business . but second business is just retail so I will not use for extension but I will Explain in covering Letter.

second Business we just Started for extra money but worked well and done over 200,000 sales so I don't want to close my retail business.

thank you

branch139 wrote:Thank you seasky for your helpful reply.

I paid all tax. both are a limited company . second company VAT Regi. and everything up to date.

I was just worried because my second Business is not level for a 50K route . someone advised me that I can only do management level business.

my first business is management level so I will apply for an extension with first Business . but second business is just retail so I will not use for extension but I will Explain in covering Letter.

second Business we just Started for extra money but worked well and done over 200,000 sales so I don't want to close my retail business.

thank you

I learned something new from you that there as specific business levels on 50k route. Did not know that as I am 200ker. So maybe get verification from gurus (which I am most definitely not in any capacity)

Hi Zimba

Thank for reply.

I was searching on forum and found that Requierment is same for extension as my first application. So I can only get point for NQF Level 4 Business. But I can do second business and if second business is Retail then I can't claim point for second business which is dafinatly fine for me becouse I got my first business for claiming point.

This is somenone said in forum before.
"For extension of Tier 1 Entrepreneur under £50 Your business should have to be up to level 4 or above, YES you can do any other business like retail shops etc But as a second business & can not be considered for claiming points of Tier 1 Entrepreneur extension."

I hope this is right .