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Tier 1 (Entrepreneur) Fund

Only for UK Tier 1 (Entrepreneur) points system

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wangwei
Newly Registered
Posts: 3
Joined: Sun Jan 19, 2014 10:33 am

Tier 1 (Entrepreneur) Fund

Post by wangwei » Tue Jan 21, 2014 11:34 am

Hello,
Fund required to invest ---£200,000 or £50,000?

What is the difference?

If I have £50,000 for 3 months in a UK bank in my name, say RBS, will that meet the requirements of fund to apply for Tier 1 (Ent) Visa. I didn't quite understand while I read the Tier 1 Guidance about the fund.

Thanks,

Regards.
Last edited by wangwei on Thu Jan 23, 2014 10:00 am, edited 1 time in total.

bus
Junior Member
Posts: 84
Joined: Sat Jan 18, 2014 1:13 pm
Singapore

Re: Tier 1 (Entrepreneur) Fund

Post by bus » Tue Jan 21, 2014 12:12 pm

yes you can if you have £50,000.

Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 10:28 pm
Location: London, UK.

Re: Tier 1 (Entrepreneur) Fund

Post by Olasunkanmi » Tue Jan 21, 2014 5:37 pm

@ wangwei, as a Tier4 visa holder, you can only switch to Tier1 entrepreneur visa if you have 50k funding from one of; venture capitalist firms, UK Entrepreneurial seed or UK government departments. Apart from this you can only apply through the 200k route.
The key to success is knowledge and hardwork, and to have faith.

wangwei
Newly Registered
Posts: 3
Joined: Sun Jan 19, 2014 10:33 am

Re: Tier 1 (Entrepreneur) Fund

Post by wangwei » Thu Jan 23, 2014 10:06 am

Dear Olasunkanmi,

I am not sure about other financial institute. My fund is deposited in Royal Bank of Scotland. So, I think according to your post reply I have to opt for £200,000 route. Am I right?


Thanks.

Regards,
WW

Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 10:28 pm
Location: London, UK.

Re: Tier 1 (Entrepreneur) Fund

Post by Olasunkanmi » Fri Jan 24, 2014 6:31 pm

wangwei wrote:Dear Olasunkanmi,

I am not sure about other financial institute. My fund is deposited in Royal Bank of Scotland. So, I think according to your post reply I have to opt for £200,000 route. Am I right?


Thanks.

Regards,
WW
It doesn't matter where funds is held, the most important point is to see under which category you can apply.
The key to success is knowledge and hardwork, and to have faith.

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