Tier 1 (Post Study Work) To Manx Tier 1 (Entrepreneur)

[fatguyslim]

Hey guys, need your advice on applying for Tier 1 (Entrepreneur) Visa... I am currently on Tier 1 (Post Study Work) Visa which runs out in April 2013 which has no significance in terms of me applying for a indefinite leave to remain later on down the line. Applying in this Visa category now seems like a good option as I have no idea what the rules are going to be in the future... So far I believe all I need to do is show that I have the capital, degree and maintenance to apply for the initial state. I am now in Isle of Man planning to get "Manx Tier 1 (Entrepreneur)" in order to avoid Capital Gains Tax when I get the money transferred. I have gone through the guidance notes and also reviewed the documents that the government requires to grant me the Visa.

So based on what I have just said I have few questions to ask:

1. Does the government need to see any kind of investment in the country other than my money being in a bank or building societies?
2. Do I really need to show that I am going to invest in a Business in Isle of Man? The guidance notes don't say anything of such sort for the initial applicants. All it says is that I should prove that I have direct access to this money.
3. The guidance notes don't say as to when and for how long does the capital have to be in the bank account in order to apply for the visa. This begs the question can one just put the money in the bank and apply for the visa and once the visa is granted then take it out?

Please can people who have applied for this category before help me get around this?

I have added the guidance notes of Manx Tier 1 (Entrepreneur) to the post so you can have look and guide me accordingly. Thanks

http://www.gov.im/lib/docs/cso/immigrat ... ance01.pdf