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set up other businesses

Only for UK Tier 1 (Entrepreneur) points system

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scholar 1
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Posts: 13
Joined: Wed Dec 21, 2016 2:42 pm

set up other businesses

Post by scholar 1 » Tue Feb 21, 2017 2:20 pm

Hi guys,

I hope this question has not been asked previously. I have successfully extended my ent. visa. I want to establish a new business while still carrying out the business for which I got extension. As an entrepreneur, am seeing good opportunities in the property sector which I want to take advantage of through formation of a new company. I know guidance say something like qualifying business for investment must not be in property. But can one have a new different business dealing in property with new investment while still maintaining old business all through ilr and beyond? Both businesses would be run separately and no funds from Coy A to B or vice versa. Do you think HO will raise objection at ilr? Any contribution would be appreciated.

seasky
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Posts: 1077
Joined: Sun Nov 13, 2011 10:01 pm

Re: set up other businesses

Post by seasky » Tue Feb 21, 2017 2:35 pm

I cannot find the slightest issue with this pre or post extension. In your cover lever just say "I am claiming points for business A"

tier1in2014
Member of Standing
Posts: 284
Joined: Sun Jul 13, 2008 4:36 am
Mood:
India

Re: set up other businesses

Post by tier1in2014 » Tue Feb 21, 2017 5:10 pm

scholar 1 wrote:Hi guys,

I hope this question has not been asked previously. I have successfully extended my ent. visa. I want to establish a new business while still carrying out the business for which I got extension. As an entrepreneur, am seeing good opportunities in the property sector which I want to take advantage of through formation of a new company. I know guidance say something like qualifying business for investment must not be in property. But can one have a new different business dealing in property with new investment while still maintaining old business all through ilr and beyond? Both businesses would be run separately and no funds from Coy A to B or vice versa. Do you think HO will raise objection at ilr? Any contribution would be appreciated.
If you have already extended my t1 ent visa . For ILR you don't need to show any investments anymore all they required is 2 full times jobs . I think after Ext you can change your business or open another one HO should not have any objection on that .
I am not perfect But I guess no one is ever perfect . We all make mistakes and learn from them. Never give up keep trying until you succeed.

seasky
BANNED
Posts: 1077
Joined: Sun Nov 13, 2011 10:01 pm

Re: set up other businesses

Post by seasky » Tue Feb 21, 2017 8:10 pm

kapoorinusa wrote:
scholar 1 wrote:Hi guys,

I hope this question has not been asked previously. I have successfully extended my ent. visa. I want to establish a new business while still carrying out the business for which I got extension. As an entrepreneur, am seeing good opportunities in the property sector which I want to take advantage of through formation of a new company. I know guidance say something like qualifying business for investment must not be in property. But can one have a new different business dealing in property with new investment while still maintaining old business all through ilr and beyond? Both businesses would be run separately and no funds from Coy A to B or vice versa. Do you think HO will raise objection at ilr? Any contribution would be appreciated.
If you have already extended my t1 ent visa . For ILR you don't need to show any investments anymore all they required is 2 full times jobs . I think after Ext you can change your business or open another one HO should not have any objection on that .
You have to show employment and genuine entrepreneurs test. As such it should be in allowed business activity (but you can have other business activity)

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