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Is it ok to take over an already established business?

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

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Mensur
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Joined: Tue Jul 01, 2014 9:43 pm

Is it ok to take over an already established business?

Post by Mensur » Thu Jul 10, 2014 4:17 pm

Is it ok to take over an already established business with the entrepreneur visa? I mean say I bought a business that is already established and already doing well or fairly well. Then I use the £200,000 to spend on this business, is this ok? Because an entrepreneur is defined as a person who establishes a NEW business venture? If I were to buy and then run an already established business, would this be ok?
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