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

Accelerated ILR ( 5 Million)

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
piercebody
Member
Posts: 119
Joined: Fri Jul 07, 2017 4:50 am

Accelerated ILR ( 5 Million)

Post by piercebody » Mon Jan 23, 2023 10:22 pm

Hi Marcnath & Experts,

I have started my second company 2 years back and combining both companies turn over it is very close to 5M. Both companies I am the only director. Is this enough to qualify for the 5M route accelerated ILR.

First company 4M
Second company close to IM

Both companies are actively running. I have read in forums that 5M should be from the same company.?
Can you please clear this so that I will move on and wait for my 5 year completion.?

Kind regards,

piercebody
Member
Posts: 119
Joined: Fri Jul 07, 2017 4:50 am

Re: Accelerated ILR ( 5 Million)

Post by piercebody » Sun Jan 29, 2023 8:50 pm

It looks like I can combine the business as well. In one of the forums admin or any expert strongly said it should be from a single business. Any experts or anyone have experience kindly advise. Thanks



You have spent a continuous period of 3 years lawfully in the UK with leave
as a Tier 1 (Entrepreneur) migrant, and have:
(i) created the equivalent of at least 10 (including the 2 jobs already relied
upon to score points under row 3) new full time jobs, which meet the
requirements in row 3 above, or
(ii) established a new UK business or businesses that has or have had a
gross income from business activity of at least £5 million during the 3 year
continuous period, or
(iii) taken over or invested in an existing UK business or businesses and
your services or investments have resulted in a net increase in gross
income from business activity of £5 million during the 3 year continuous
period, when compared to the 3 year periods immediately before the date
the applicant became involved with the business as a Tier 1 (Entrepreneur)
migrant.

piercebody
Member
Posts: 119
Joined: Fri Jul 07, 2017 4:50 am

Re: Accelerated ILR ( 5 Million)

Post by piercebody » Sun Jan 29, 2023 9:11 pm

Mr.Zimba said cant be combined.

Rules changed later or still is this is risky to apply.? Please advise.

uk-tier-1-entrepreneur-visas/tier-1-pbs ... l#p1442460

User avatar
marcnath
Moderator
Posts: 6480
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: Accelerated ILR ( 5 Million)

Post by marcnath » Wed Feb 01, 2023 12:49 pm

piercebody wrote:
Sun Jan 29, 2023 8:50 pm
It looks like I can combine the business as well. In one of the forums admin or any expert strongly said it should be from a single business. Any experts or anyone have experience kindly advise. Thanks



You have spent a continuous period of 3 years lawfully in the UK with leave
as a Tier 1 (Entrepreneur) migrant, and have:
(i) created the equivalent of at least 10 (including the 2 jobs already relied
upon to score points under row 3) new full time jobs, which meet the
requirements in row 3 above, or
(ii) established a new UK business or businesses that has or have had a
gross income from business activity of at least £5 million during the 3 year
continuous period, or
(iii) taken over or invested in an existing UK business or businesses and
your services or investments have resulted in a net increase in gross
income from business activity of £5 million during the 3 year continuous
period, when compared to the 3 year periods immediately before the date
the applicant became involved with the business as a Tier 1 (Entrepreneur)
migrant.
This criteria is clear in that it does specify "business or businesses .
That would mean that you can combine turnover from multiple businesses.
Unfortunately, the previous thread does not have a conclusion whether the AR succeeded. It is possible Zimba was responding on the basis of his knowledge of other cases, so it would be wise to give it credit.
If I were in your place, unless I know of a specific case where it did nor succeed, I would give it a try. I would include a statement in the cover letter stating very clearly that as per the above clause I interpret multiple businesses can be combined.
There is very little downside, if ILR is not approved you will get an extension (as long as you meet all criteria). So I can't see any harm in applying if you feel you have met the criteria
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

piercebody
Member
Posts: 119
Joined: Fri Jul 07, 2017 4:50 am

Re: Accelerated ILR ( 5 Million)

Post by piercebody » Wed Feb 01, 2023 4:44 pm

Thanks again for your great advice. To move forward, I will explain my situation and advise me to proceed further. I got the first extension already, and it is valid until Feb-2024.
Option 1: Based on the OP, I can apply for accelerated ILR at the end of March.
Option 2: Based on 5 yrs of completion, I can apply ILR in July.
Only a few months difference, but I still wanted to get it fast if there is no harm in giving it a try. If Option 1 is unsuccessful, can I try Option 2 in July, or will it be a downside for option 2 or any further visa or extension? I don’t mind losing the application fee, but I don’t want to have future issues for proceeding with option 1
Please advise and share your thoughts; thanks a lot.

User avatar
marcnath
Moderator
Posts: 6480
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: Accelerated ILR ( 5 Million)

Post by marcnath » Wed Feb 01, 2023 6:07 pm

piercebody wrote:
Wed Feb 01, 2023 4:44 pm
Thanks again for your great advice. To move forward, I will explain my situation and advise me to proceed further. I got the first extension already, and it is valid until Feb-2024.
Option 1: Based on the OP, I can apply for accelerated ILR at the end of March.
Option 2: Based on 5 yrs of completion, I can apply ILR in July.
Only a few months difference, but I still wanted to get it fast if there is no harm in giving it a try. If Option 1 is unsuccessful, can I try Option 2 in July, or will it be a downside for option 2 or any further visa or extension? I don’t mind losing the application fee, but I don’t want to have future issues for proceeding with option 1
Please advise and share your thoughts; thanks a lot.
There should be no impact if your accelerated ILR is rejected. Your existing extension remains valid. So it is only a matter of losing the fees. You can apply for your ILR in July on 5 year.

This is assuming you have met the job creation requirements after you received the extension last Feb.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

piercebody
Member
Posts: 119
Joined: Fri Jul 07, 2017 4:50 am

Re: Accelerated ILR ( 5 Million)

Post by piercebody » Thu Feb 16, 2023 10:17 pm

Hi Marcnath,
Thanks again for your valuable advise.

Regarding the job the requirement, I have this confusion or may be overthinking about the rules which said "new jobs" . Can you please clear this as well.

Last Feb 2022, my extension was approved with JOB A more than 12 months and Job B more than 12 months
( 2 jobs). From Feb 2022 I am maintaining the same job as JOB A with old employee 6 months and another 10 months with different employees. I have created JOB C and it going to have 12 months with this Feb 2023.

After my first extension, I am paying for JOB A more than 12 months and JOb C almost 13 months by this March. Now my question is the rule say we need 2 new jobs after the extension, in which my JOB A & JOB C are fine right..?? or do we need to use something like Job C & Job D after the extension without using JOB A.

I hope you got my point and kindly advise as I don't want any enquiry back which will delay the process.

Kind regards,

User avatar
marcnath
Moderator
Posts: 6480
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: Accelerated ILR ( 5 Million)

Post by marcnath » Fri Feb 17, 2023 9:04 pm

piercebody wrote:
Thu Feb 16, 2023 10:17 pm
Hi Marcnath,
Thanks again for your valuable advise.

Regarding the job the requirement, I have this confusion or may be overthinking about the rules which said "new jobs" . Can you please clear this as well.

Last Feb 2022, my extension was approved with JOB A more than 12 months and Job B more than 12 months
( 2 jobs). From Feb 2022 I am maintaining the same job as JOB A with old employee 6 months and another 10 months with different employees. I have created JOB C and it going to have 12 months with this Feb 2023.

After my first extension, I am paying for JOB A more than 12 months and JOb C almost 13 months by this March. Now my question is the rule say we need 2 new jobs after the extension, in which my JOB A & JOB C are fine right..?? or do we need to use something like Job C & Job D after the extension without using JOB A.

I hope you got my point and kindly advise as I don't want any enquiry back which will delay the process.

Kind regards,
Job A and Job C will be sufficient. You don't need to create new jobs, it is sufficient to continue previous job for 12 months.
But I am little confused by "JOB A with old employee 6 months and another 10 months " That would mean 16 months in total and it has been only 12 months since Feb 2022
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

piercebody
Member
Posts: 119
Joined: Fri Jul 07, 2017 4:50 am

Re: Accelerated ILR ( 5 Million)

Post by piercebody » Fri Feb 17, 2023 11:41 pm

Thanks Marcnath for your clarification.

For JOB A, I had two staffs for four months ( due to heavy work load, all full time around 140+ hrs a month) with the same JOB title. If this is confusing, I will not account that extra staff or change the Job title for that staff. Please share your thoughts. Thanks

User avatar
marcnath
Moderator
Posts: 6480
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: Accelerated ILR ( 5 Million)

Post by marcnath » Sat Feb 18, 2023 12:04 pm

piercebody wrote:
Fri Feb 17, 2023 11:41 pm
Thanks Marcnath for your clarification.

For JOB A, I had two staffs for four months ( due to heavy work load, all full time around 140+ hrs a month) with the same JOB title. If this is confusing, I will not account that extra staff or change the Job title for that staff. Please share your thoughts. Thanks
No, that is fine
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

Locked
cron