Tier-1 Entrepreneur 200K investment

Mfarhanali · Post by **Mfarhanali** » Wed Dec 12, 2018 4:28 am

Guys,
Can you please make my confusion clear on the below points?

- Can i show a third party account statement, and he will sign a letter that confirms he is giving me £200k to start a business.
- Do i need to show 90-days bank statement in my home country only, or i have to transfer £200k to UK.
- Can i buy a business which is already running in UK, and expend it as per my plan?
- Do i need to invest all £200k or i can start with £10k to £20k and end up with max £50K before getting an extension for 2 years.
- do i need to hire full-time British citizens for 3 years?
- If my business will be in loss after 3 years, then can i get the extension for 2 years?

marcnath · Post by **marcnath** » Wed Dec 12, 2018 8:35 am

Mfarhanali wrote: ↑
Wed Dec 12, 2018 4:28 am
Guys,
Can you please make my confusion clear on the below points?

- Can i show a third party account statement, and he will sign a letter that confirms he is giving me £200k to start a business.
==> Yes, read the guidance on documents needed. It not just a letter.
- Do i need to show 90-days bank statement in my home country only, or i have to transfer £200k to UK.
==> Home country is fine
- Can i buy a business which is already running in UK, and expend it as per my plan?
==> Yes, you can buy. But any money that goes to the previous owner is not counted towards the 200K requirement
- Do i need to invest all £200k or i can start with £10k to £20k and end up with max £50K before getting an extension for 2 years.
==> You have to invest the entire 200K before extension
- do i need to hire full-time British citizens for 3 years?
==> No, you only need to hire two SETTLED workers for 12 months each within that 3 years
- If my business will be in loss after 3 years, then can i get the extension for 2 years?
==> Yes, you can

Mfarhanali · Post by **Mfarhanali** » Wed Dec 12, 2018 2:01 pm

Hi Marcnath,

Thank you so much for clarifications.

Sorry for asking you my first point again.
Can i show a third party UK account having £200k available?. and i will provide all the required documents. if yes then, is it must to show 90-days statement?

And i want to open a restaurant, Will they accept this business for tier-1(Entrepreneur) visa?

marcnath · Post by **marcnath** » Wed Dec 12, 2018 3:54 pm

Mfarhanali wrote: ↑
Wed Dec 12, 2018 2:01 pm
Hi Marcnath,

Thank you so much for clarifications.

Sorry for asking you my first point again.
Can i show a third party UK account having £200k available?. and i will provide all the required documents. if yes then, is it must to show 90-days statement?

And i want to open a restaurant, Will they accept this business for tier-1(Entrepreneur) visa?

There is no 90 day requirement for third party funds.

There are no restrictions on the type of business (except for property related)

Mfarhanali · Post by **Mfarhanali** » Thu Dec 13, 2018 6:23 am

Thanks a lot Marcnath

Mfarhanali · Post by **Mfarhanali** » Thu Dec 13, 2018 6:58 am

Hi everyone,

Can somebody please guide me with the below point.

I have arranged funds from a third party (UK - British citizen), Funds will be in a UK-BANK. So what are documents required for application.

CR001 · Post by **CR001** » Thu Dec 13, 2018 8:29 am

Topics merged!! Please read the link below.

announcements/multiple-posts-will-be-lo ... t5722.html

CR001 · Post by **CR001** » Thu Dec 13, 2018 8:30 am

Mfarhanali wrote: ↑
Thu Dec 13, 2018 6:58 am
Hi everyone,

Can somebody please guide me with the below point.

I have arranged funds from a third party (UK - British citizen), Funds will be in a UK-BANK. So what are documents required for application.

Have you read the tier 1 Entrepreneur guidance notes at all??

Mfarhanali · Post by **Mfarhanali** » Fri Dec 14, 2018 9:22 am

No. What i found is the below link only which is not explaining in detail.

https://www.gov.uk/tier-1-entrepreneur/ ... ment-funds

Where can i find the detailed clarification about funds available in third party account?

CR001 · Post by **CR001** » Fri Dec 14, 2018 11:16 am

That is NOT the guidance notes. See link below.

https://www.gov.uk/government/publicati ... trepreneur

Mfarhanali · Post by **Mfarhanali** » Sun Dec 16, 2018 10:37 am

Thanks a lot.

Mfarhanali · Post by **Mfarhanali** » Mon Feb 04, 2019 5:59 am

Hi Dear,

I want to open a subway franchise, this will required a maximum of 90k investment. how can i show other 110k investment for extension.

if i am buying goods(Food items) + staff salaries + utility bills etc for 3 years, is that included in 200k investment?

marcnath · Post by **marcnath** » Mon Feb 04, 2019 7:06 am

Mfarhanali wrote: ↑
Mon Feb 04, 2019 5:59 am
Hi Dear,

I want to open a subway franchise, this will required a maximum of 90k investment. how can i show other 110k investment for extension.

if i am buying goods(Food items) + staff salaries + utility bills etc for 3 years, is that included in 200k investment?

Read the guidelines to show what evidence you need to show for investment. Investment is money INTO the business. You are listing expenses which is money OUT OF the business.

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

Tier-1 Entrepreneur 200K investment

New application Tier-1 Entrepreneur

Re: New application Tier-1 Entrepreneur

Re: New application Tier-1 Entrepreneur

Re: New application Tier-1 Entrepreneur

Re: New application Tier-1 Entrepreneur

Third party(UK) funds - documents required.

Re: Third party(UK) funds - documents required.

Re: Third party(UK) funds - documents required.

Re: Third party(UK) funds - documents required.

Re: Third party(UK) funds - documents required.

Re: Third party(UK) funds - documents required.

Tier-1 Entrepreneur 200K investment

Re: Tier-1 Entrepreneur 200K investment