Immigrationboards.com

Hi,

I shall be thankful if any one please explain that buying shares in stock market is Ok, while having Tier 1 Entrepreneur visa (50K)? I requested this a couple of times before on this forum, but no answer from any side.

Along with my current business for Tier 1 Entrepreneur visa, I want to start trading with my money in my personal account (not from 50K, which is in business account). So there is no question that it will be counted as investment or not.

As we can't do any business which is below NQF level 4, so I am a bit worried NQF level of this trading business.

In codes of practice for skilled workers, the SOC 2010/3532 (Brokers / Trader Stock Exchange) is NQF level 6 business.

I shall be thankful for reply.

Regards.

Investing in common stock as a personal hobby or for personal capital appreciation is one's personal prerogative, that anyone can pursue irrespective of their (legal) immigration category.

Don't forget to pay taxes....

geriatrix wrote:Investing in common stock as a personal hobby or for personal capital appreciation is one's personal prerogative, that anyone can pursue irrespective of their immigration category.

What if it was Forex trading though?

If the financial regulations allow him to do so, sure.

Immigration rules prescribe no restrictions for either and such activities carried out by any migrant in his/her own personal capacity and personal gain. As long as such activities do not take the shape of being a "business" where in immigration rules may have an effect.

The Immigration Act 2014 brought in provisions to prevent 'disqualified' individuals from undertaking regulated financial activity in the UK. So immigration status (or more precisely, lack thereof) can prevent someone from dabbling in the stock market.

Amber wrote:The Immigration Act 2014 brought in provisions to prevent 'disqualified' individuals from undertaking regulated financial activity in the UK. So immigration status (or more precisely, lack thereof) can prevent someone from dabbling in the stock market.

Hi Amber, Thanks for you and all others for their valuable views.

If possible, can you please explain it that being on Tier 1 Ent (50K), is there any restriction on me to buy and sell shares in stock market with my personal capital?

As far as from Geriatrix reply above, I concluded that its Ok to do such trades.

I shall be really thankful to you for this explanation.

Regards

I've looked through Immigration Act 2014 and I do not see anything related to "shares", "stocks", "investments".

I guess, this is the full text:
http://www.legislation.gov.uk/ukpga/201 ... 022_en.pdf

I see information about "disqualified" persons related to rents and opening of bank accounts. But it's about breach of immigration law and staying in UK unlawfully. Basically, it was possible to open bank account and to rent property without proper immigration check. Now it's not. Fair enough.

I did a serious research on this topic, and my opinion is: yes, you can trade shares.

WRWR wrote:I've looked through Immigration Act 2014 and I do not see anything related to "shares", "stocks", "investments".

I guess, this is the full text:
http://www.legislation.gov.uk/ukpga/201 ... 022_en.pdf

I see information about "disqualified" persons related to rents and opening of bank accounts. But it's about breach of immigration law and staying in UK unlawfully. Basically, it was possible to open bank account and to rent property without proper immigration check. Now it's not. Fair enough.

I did a serious research on this topic, and my opinion is: yes, you can trade shares.

I doubt that the OP is still waiting for a response. This thread was last active in April.