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Tier 1 entreprenuer extension

Only for UK Tier 1 (Entrepreneur) points system

Moderators: Casa, JAJ, ca.funke, Amber, Zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, geriatrix, John, ChetanOjha, archigabe, push

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Humaira06
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Tier 1 entreprenuer extension

Post by Humaira06 » Mon Oct 26, 2020 9:42 am

Hi

I need some advice please, i have been on Tier 1 3year route, my extension is due in May 2021, i want to get some advice please:

1: The company i was using while this 3year time period has gone bankrupt as business went downhill and it happened around Sep, Oct time last year, I became a director of a new company and took over a business for extension in June 2020, how will i justify about the previous company if asked?

2: For the extension do I have to show £50,000 investment?

3: Do I still have to submit a business plan when applying for extension?

4: Can I.T and networking be included as future business plan extension?

Need your support, thanks.

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Zimba
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Re: Tier 1 entreprenuer extension

Post by Zimba » Mon Oct 26, 2020 12:18 pm

1: The company i was using while this 3year time period has gone bankrupt as business went downhill and it happened around Sep, Oct time last year, I became a director of a new company and took over a business for extension in June 2020, how will i justify about the previous company if asked?
No, but if you take over a business, you must provide extra evidence to satisfy the rules as per the Tier 1E guide.
2: For the extension do I have to show £50,000 investment?
Yes. Either in the old business or the new one.
3: Do I still have to submit a business plan when applying for extension?
4: Can I.T and networking be included as future business plan extension?
There is no requirement for a business plan however the genuineness test applies. So the UKVI expects you to prove that you are running a genuine business and you did not just use the new business to stay in the UK
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Tue Oct 27, 2020 7:52 pm

Thankyou for the reply, helped alot..

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Thu Oct 29, 2020 2:29 pm

As you mentioned 'extra evidence' what does that include?

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marcnath
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Re: Tier 1 entreprenuer extension

Post by marcnath » Thu Oct 29, 2020 3:16 pm

Humaira06 wrote:
Thu Oct 29, 2020 2:29 pm
As you mentioned 'extra evidence' what does that include?
It is specified in the guidance. It relates to employment before you took over
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.

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Thu Oct 29, 2020 4:44 pm

It was a family run business before we took over..

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Zimba
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Re: Tier 1 entreprenuer extension

Post by Zimba » Thu Oct 29, 2020 5:02 pm

Humaira06 wrote:
Thu Oct 29, 2020 4:44 pm
It was a family run business before we took over..
Read the guide. You are required to provide specific documents if you have taken over a business
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Mon Jan 18, 2021 8:51 am

Hi Zimba

I am bit confused, i was on graduate entreprenuer for 2years and then switched to tier 1 enterprenuer 3years which is about to end in May'21, does my graduate enterprenuer count towards tier 1 3years to make it 5years and apply for ILR, someone said it does, i want to double check please..

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Zimba
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Re: Tier 1 entreprenuer extension

Post by Zimba » Mon Jan 18, 2021 10:32 am

Humaira06 wrote:
Mon Jan 18, 2021 8:51 am
Hi Zimba

I am bit confused, i was on graduate entreprenuer for 2years and then switched to tier 1 enterprenuer 3years which is about to end in May'21, does my graduate enterprenuer count towards tier 1 3years to make it 5years and apply for ILR, someone said it does, i want to double check please..
NO. PLEASE READ THE Tier 1 GUIDE

https://assets.publishing.service.gov.u ... -_v.25.pdf
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Wed Mar 24, 2021 10:02 am

Hi Zimba

I have 2 full time staff employed, they are Spanish nationals and are on Pre-settled status, will they counted as 2 full time settled workers?

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Zimba
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Re: Tier 1 entreprenuer extension

Post by Zimba » Wed Mar 24, 2021 11:32 am

Humaira06 wrote:
Wed Mar 24, 2021 10:02 am
Hi Zimba

I have 2 full time staff employed, they are Spanish nationals and are on Pre-settled status, will they counted as 2 full time settled workers?
Yes
uk-tier-1-entrepreneur-visas/pre-settle ... l#p1998236
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Wed Mar 24, 2021 2:19 pm

Thankyou!

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Tue Apr 20, 2021 12:01 pm

Hi Zimba

I have got 4weeks left to apply for my extension on 21st of may, please can you give me guideline of the documents that i need to compile, your help will be much appreciated.

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Zimba
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Re: Tier 1 entreprenuer extension

Post by Zimba » Thu Apr 22, 2021 10:53 am

Humaira06 wrote:
Tue Apr 20, 2021 12:01 pm
Hi Zimba

I have got 4weeks left to apply for my extension on 21st of may, please can you give me guideline of the documents that i need to compile, your help will be much appreciated.
Refer to the Tier 1E guide on what documents are required. I stressed this above :!:
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Sat May 15, 2021 9:10 pm

Hi Zimba

My company's corporation tax is due in June next month and i have to submit visa next week on 21st of may, ive only got quaterly VAT returns at the minute, will it be okay to submit VAT returns as corporation tax isnot due yet.

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Zimba
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Re: Tier 1 entreprenuer extension

Post by Zimba » Mon May 17, 2021 10:01 am

Humaira06 wrote:
Sat May 15, 2021 9:10 pm
Hi Zimba

My company's corporation tax is due in June next month and i have to submit visa next week on 21st of may, ive only got quaterly VAT returns at the minute, will it be okay to submit VAT returns as corporation tax isnot due yet.
There is no requirement to submit such evidence. REFER TO THE GUIDE :!: :!:
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Humaira06
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Re: Tier 1 entreprenuer extension

Post by Humaira06 » Mon May 17, 2021 11:18 am

Can Rent be included in £50,000 investment under expenses?

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marcnath
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Re: Tier 1 entreprenuer extension

Post by marcnath » Mon May 17, 2021 12:34 pm

Humaira06 wrote:
Mon May 17, 2021 11:18 am
Can Rent be included in £50,000 investment under expenses?
The question is not clear.

Investment is money INTO the business.

Rent is money OUT OF the business.

Have you been paying rent from your own pocket instead of the business bank account?
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.

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