NQF level 4 Business Activity.

[AceVenture]

Dear all,

I have been following this forum and appreciate the efforts done here.

Coming to the point .. I m switching to a PSW < Tier1 Entrenuer.

Gonna show 50 k in my account.

After applying I am planning to buy a online business worth 50 K.

My query is whether Online Business ( ecommerce - eBay selling ) could be classified under NQF level 4 Business. Is there any online information regarding the business level classifications ???

I am not asking for job title classification ( SOC ) ... It's about the business activity classification.

I am sure that my confusion will come to an end here.

Awaiting your valuable feedback.

Regards.

AceVenture.

[Lucapooka]

Retail (on-line or otherwise) is not level 4. In fact the only type of retail that is above level 3 is pharmacist.

http://www.ukba.homeoffice.gov.uk/sitec ... e2012-cop/

[AceVenture]

Thanks Lucapooka. That was a great help.

[MNaveedonline]

Retail (on-line or otherwise) is not level 4. In fact the only type of retail that is above level 3 is pharmacist.

http://www.ukba.homeoffice.gov.uk/sitec ... e2012-cop/

After taking Enterpreneur visa. can i change my business field as long as its avaliable in Level 4. thx

[rizwan567]

Its not mentioned clearly in policy guidance. But I think you can change but still you need to given evidence in your extension application that you have invested 50k.

[MNaveedonline]

Its not mentioned clearly in policy guidance. But I think you can change but still you need to given evidence in your extension application that you have invested 50k.

Basically. I am IT Manager but sometimes i am doing computer networking projects and sometimes doing software development. is it ok for me if i change nature of field.

[BlackBirdSSG]

If you are going with £50,000 PSW sponsor route, you will have to show Graduate Business at NQF Level 4 or above. Company have to formed, advertised, etc etc... within 90 days before filing application. Tier 4 students cannot apply via Sponsor while in the UK. They have to go back and then apply.

In Venture Capital route, your VC firm will sponsor you for £50,000 and you can virtually open any type of business as their is no restriction. Everything has to be form after getting visa (within the next 6 months). Anyone with legal status (not dependents) in the UK can apply. However, Tier 4 students can only apply via this category, not sponsor.

About the sponsor money, if you are showing £50,000 funds, you have to invest it in your business. You cannot buy a building for £40,000 and then invest £10,000. It's not allowed as per the rules and will subject to rejection.

[my_friend]

If you are going with £50,000 PSW sponsor route, you will have to show Graduate Business at NQF Level 4 or above. Company have to formed, advertised, etc etc... within 90 days before filing application. Tier 4 students cannot apply via Sponsor while in the UK. They have to go back and then apply.

In Venture Capital route, your VC firm will sponsor you for £50,000 and you can virtually open any type of business as their is no restriction. Everything has to be form after getting visa (within the next 6 months). Anyone with legal status (not dependents) in the UK can apply. However, Tier 4 students can only apply via this category, not sponsor.

About the sponsor money, if you are showing £50,000 funds, you have to invest it in your business. You cannot buy a building for £40,000 and then invest £10,000. It's not allowed as per the rules and will subject to rejection.

i just went through your post...and i couldnt help but asking, y cant buying a commercial property where we would be setting up our business be counted towards investment..be it 30k or 40k or 50...investment is related to buying an asset for your business...and buying a premises is an asset i believe...

u may be rite in what ur saying so i was just curious to know your point of view regarding investment...and where does it say in the rule that buying property will not count towards investment..please do specify...

[Ent813]

BlackBirdSSG is spreading wrong information here. It is clearly mentioned in the Policy guidance of Tier 1 (E) that that buying a property will be counted as investment as long as the property is used for business purpose only and not "residence".
So if you buy an office or a flat for your business worth 50K GBP that would be classified as valid investment for extension.

Please people if you are not sure about something don't spread it.