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Tier 1 entrepreneur visa

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

Moderators: Casa, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha

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Sound
Newly Registered
Posts: 13
Joined: Sun Jun 15, 2014 9:29 am

Tier 1 entrepreneur visa

Post by Sound » Fri Jul 04, 2014 5:17 pm

Hello

I got my visa only with the help of this forum and am really grateful for it.
Can the members who got visa already guide me with the guidance about investing the money in the business.

Will the investment count if I use it to buy stock from abroad? Because stock is the main expense in my business and I want to initially increase my inventory to get the business started. Through this forum I also know my pay will not be counted as investment, can you please send me the link where I can find such restrictions for investment?

What are the advantages of investing the money as shares in the business?

What are the benefits in investing the money as directors loan?

Thank you very much in advance and your reply will be greatly appreciated!

Sound
Newly Registered
Posts: 13
Joined: Sun Jun 15, 2014 9:29 am

Re: Tier 1 entrepreneur visa

Post by Sound » Sat Jul 05, 2014 8:08 am

Hello members,

I can see members helping a lot with refusals and application but with the extension no one is interested to help.
I don't know the reason but I need your help in this to avoid any more struggle during extension.

@oluskanmi entrepreneur123 and cpmlkhan please help

attahaas
Member
Posts: 236
Joined: Tue Jul 01, 2014 4:33 am
Location: LONDON, UK
India

Re: Tier 1 entrepreneur visa

Post by attahaas » Sun Jul 06, 2014 6:20 am

CONGRATS!

The best resource to answer your questions is an Immigration lawyer based in the UK who has good experience with dealing Tier 1 (entrepreneur) visas.

I am an aspirant for the Entrepreneur Visa, so my knowledge is at the moment from reading through the guidance docs.

Having said that, from the guidance doc, I understand that as long as the transactions are done through a current account set for your business in the UK and are subject to UK taxation, you could buy stock (assuming you mean material commodities). You can even buy property solely to conduct your business (and not as a property investment for appreciation) and that would still be an expenditure (correct me if I am wrong, but I haven't found anything that says otherwise). But, you must show proof that such property investment for business has created two NEW full-time jobs.

Investing money as shares in your own business or other's business? - If your own business then that would just form part of the procedural requirement and not an expenditure. If other's business, then you should be employed as a director and your investment should create a net increase in 2 NEW jobs (even if it's your business).

I don't have enough knowledge to comment about the director's loan.

I know the thinking, when there is no enough knowledge about the UK business markets, I would at least try to protect my 200K in the worst case and look for the easiest and legal way to do that. Anyway, I believe there is enough time to figure that out before applying for an extension.

By the way, I am currently on the way to apply for the Entrepreneur Visa (200K route from outside UK). If you followed 200K route also, I would appreciate if you could provide some guidance with the application process. Please PM me your contact details or email me at krishna9780@hotmail.com

Thanks,
Krishna. :)

bubbly123
Member
Posts: 161
Joined: Tue May 20, 2014 1:15 pm

Re: Tier 1 entrepreneur visa

Post by bubbly123 » Sun Jul 06, 2014 7:40 am

Hello Krishna,
Check my email.

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