need advise on Tier 1 Ent with £50K investment

[talktonight]

Hello!

I'm currently on Tier 4 visa which expires at the end of 2013. I need to stay in the UK for another 2.5 years to achieve 10 year requirement and then apply for ILR on this basis.

Currently thinking about two options: Tier 1 Entrepreneur and Tier 2 (I've created another topic about Tier 2).

Can anybody help me to understand the following:

If I find an FSA-registered investment company who's keen to invest £50K in my business and transferred the money into my bank account before I've made the application (i.e. application will include my bank statement with visible £50K payment from that FSA-registered company), would UKBA ask any questions about the business after I receive my visa? For example, can they contact me later (after 1 year) and ask to provide up-to-date information regarding the business or not? If I understood correctly, this only applies to those applicants who doesn't have £50K in their bank account but just a letter-confirmation from FSA-reg. company that they're happy to invest etc.?

[Lucapooka]

I think it's highly unlikely you will get venture capital from an approved FSA source, but if you do, they are professional investors and will be pulling the strings to make sure the business is set up, registered and operating. Your plan to simply sit back and do nothing is, therefore, quite ludicrous. Additionally, the UKBA will expect all mandatory registrations to happen within the required periods, as anything other than this would not be complying with the conditions of your leave.

[talktonight]

I think it's highly unlikely you will get venture capital from an approved FSA source, but if you do, they are professional investors and will be pulling the strings to make sure the business is set up, registered and operating. Your plan to simply sit back and nothing is, therefore, quite ludicrous.

Lucapooka, thanks for your reply. Your comments make total sense.

Have you ever come across the scheme, when applicant finds FSA-reg. company, pays them £50K + whatever ££ commission, receives this £50K back from them, this time officially with letter confirming the investment?

In the current economic climate it might well be worth for FSA-reg. firm to do that and receive decent commission in just a couple of days. Has anybody else thought of this?

[entrepreneur123]

talktonight, Could you please further explain, what this scheme call? As i can not find FSA approved firm who does this...Be careful you do not want to give £50,000 to a bogus company...

[talktonight]

talktonight, Could you please further explain, what this scheme call? As i can not find FSA approved firm who does this...Be careful you do not want to give £50,000 to a bogus company...

There's no official name for it. I just thought about it for the last couple of days. Surely there are people out there who did it in such way.
If there's no control from UKBA (or is there?) towards FSA-reg. firm, why not?

Obviously one needs some close relationship with FSA-reg. firm, with certain amount of trust.