Qualifying Business

[Aboora]

Hi,
Can any one guide on the qualifying businesses. I am planning to take over a Post Office.
The post office income is shown as employment of Post Office Ltd as P60 is issued accordingly for the commission earned.
Will taking over this business will be contravening the conditions of Entrepreneur visa?

Thanks

[Lucapooka]

You would need to inject 200K of capital into this business and increase the amount of employees.

The applicant has invested, or had invested on his behalf, not less than £200,000

registered as a director of an existing business.

taken over or invested in an existing business or businesses and his services or investment have resulted in a net increase in the employment provided by the business or businesses for persons settled in the UK by creating the equivalent of at least two new full time jobs.

[Aboora]

Hi Lucapooka,

You misunderstood my question in the post.

I am injecting 200,000 Pounds in buying a running Post Office which will create two additional jobs labalabala.....

Running a post office includes appointment of the business owner, as sub postmaster by the parent company (Royal Mail).
The commissions are earned on the transactions carried out by the sub postoffice and are paid monthly to the sub postmaster, appointed.

This monthly commissions are shown as salary to the sub postmaster and regular P60 is issued for these earnings.

Also, Class 1 NI contribution is deducted accordingly.

The question is, whether this will be regarded as business or employment? within the immigration rules for tier 1 (Entrepreneur).

HMRC considers in both ways. Employee for NI and Business for Income tax purposes.

Please answer the relevant question and avoid unnecessary details available otherwise.


Thanks