Tier 1 Entr Application Guidance

[hammad1224]

Hi,

My PSW visa will be expiring in August 2013. I need your advice before I apply. I am new to this forum but I have seen here that other members help others in their visa queries. I am confused how to apply i.e. whether to join as a director in my brother existing company in the last three months or form a separate company.

If I join my brother's existing accountancy practice (he applied Tier 1 entr on this company as well and is still pending) then this will save some costs i.e. I will have contracts, website, adverts, business plan etc.

What do you all propose should I join him or not?

Second Question;

I need practicing certificate to open my own Accountancy practice or to join any other practice. I can easily get Practicing Certificate from AAT or from ACCA. AAT Practicing Certificate will be issued in 2 to 3 weeks while ACCA is just like the Tier 1 entr means you cant anticipate the processing time it can be a week to several months.

If I take AAT practicing certificate (PC) then it will be a waste of money as I have to take the ACCA PC as well.

Would UKBA look critically that earlier my brother has applied and now I am applying in the same company. Our current practice is a very profitable practice. I believe UKBA is looking on the Genuineness of Businesses not just opening another company when I dont need it.

Third Question

I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

The form has an address to send to. Do I have to send it in a single Envelop or a separate one.

Forth Question

Maintenance funds.

I am maintaining £1500 for me and wife. The are held in my UK Bank under my name only. Do I need to have £600 to be in my wife's account (she do not have any bank account yet) or in mine would be sufficient?

If they are send in two separate envelops, do I need to obtain two copies of bank statements one for me and one for her.

[hammad1224]

Hi,

My PSW visa will be expiring in August 2013. I need your advice before I apply. I am new to this forum but I have seen here that other members help others in their visa queries. I am confused how to apply i.e. whether to join as a director in my brother existing company in the last three months or form a separate company.

If I join my brother's existing accountancy practice (he applied Tier 1 entr on this company as well and is still pending) then this will save some costs i.e. I will have contracts, website, adverts, business plan etc.

What do you all propose should I join him or not?

Second Question;

I need practicing certificate to open my own Accountancy practice or to join any other practice. I can easily get Practicing Certificate from AAT or from ACCA. AAT Practicing Certificate will be issued in 2 to 3 weeks while ACCA is just like the Tier 1 entr means you cant anticipate the processing time it can be a week to several months.

If I take AAT practicing certificate (PC) then it will be a waste of money as I have to take the ACCA PC as well.

Would UKBA look critically that earlier my brother has applied and now I am applying in the same company. Our current practice is a very profitable practice. I believe UKBA is looking on the Genuineness of Businesses not just opening another company when I dont need it.

Third Question

I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

The form has an address to send to. Do I have to send it in a single Envelop or a separate one.

Forth Question

Maintenance funds.

I am maintaining £1500 for me and wife. The are held in my UK Bank under my name only. Do I need to have £600 to be in my wife's account (she do not have any bank account yet) or in mine would be sufficient?

If they are send in two separate envelops, do I need to obtain two copies of bank statements one for me and one for her.

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[entrepreneur123]

Going to reply your questions as you are keep posting it again and again, so thought others might reply as well if i will....

1. I think it will be better if you start new company, as it will keep things simple.

2. What are your qualifications? You do not need Practicing certificate to open accounting practice as long as you get register with HMRC under MLR 2007 OR unless you are member/student of ACCA or AAT then ofcourse you need to get one first. However it will make your case strong if you get one.

3. not sure wait for others


4. not sure wait for others

Hi,

My PSW visa will be expiring in August 2013. I need your advice before I apply. I am new to this forum but I have seen here that other members help others in their visa queries. I am confused how to apply i.e. whether to join as a director in my brother existing company in the last three months or form a separate company.

If I join my brother's existing accountancy practice (he applied Tier 1 entr on this company as well and is still pending) then this will save some costs i.e. I will have contracts, website, adverts, business plan etc.

What do you all propose should I join him or not?

Second Question;

I need practicing certificate to open my own Accountancy practice or to join any other practice. I can easily get Practicing Certificate from AAT or from ACCA. AAT Practicing Certificate will be issued in 2 to 3 weeks while ACCA is just like the Tier 1 entr means you cant anticipate the processing time it can be a week to several months.

If I take AAT practicing certificate (PC) then it will be a waste of money as I have to take the ACCA PC as well.

Would UKBA look critically that earlier my brother has applied and now I am applying in the same company. Our current practice is a very profitable practice. I believe UKBA is looking on the Genuineness of Businesses not just opening another company when I dont need it.

Third Question

I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

The form has an address to send to. Do I have to send it in a single Envelop or a separate one.

Forth Question

Maintenance funds.

I am maintaining £1500 for me and wife. The are held in my UK Bank under my name only. Do I need to have £600 to be in my wife's account (she do not have any bank account yet) or in mine would be sufficient?

If they are send in two separate envelops, do I need to obtain two copies of bank statements one for me and one for her.

[hammad1224]

[quote="entrepreneur123"]Going to reply your questions as you are keep posting it again and again, so thought others might reply as well if i will....

1. I think it will be better if you start new company, as it will keep things simple.

2. What are your qualifications? You do not need Practicing certificate to open accounting practice as long as you get register with HMRC under MLR 2007 OR unless you are member/student of ACCA or AAT then ofcourse you need to get one first. However it will make your case strong if you get one.

3. not sure wait for others


4. not sure wait for others


[quote="hammad1224"]Hi,

Thanks for the reply.

I know that I do not need a practicing certificate to open an Accountancy practice in the UK. I am a fully qualified chartered certified accountant. I can easily take PC from ACCA or AAT or IFA etc. But the question is the time frame. ACCA takes much longer and if I apply today it will take several months. However AAT takes 2 to 3 weeks.

I am still waiting for replies to my other queries.

regards

[sriks]

1. I think it will be better if you start new company, as it will keep things simple.

A. Yes starting a new company, will keep things simple

2. Not sure follow what other said.


3. I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

A. Send both your applications in the same envelope to the address on the main applicant form. (Source : Personal Exp)

4. Maintaiance

If you are already having 1500 in your account.. this should be sufficient, separate account is not needed.. and only bank statement will suffice. (Source : Personal Exp )

[hammad1224]

1. I think it will be better if you start new company, as it will keep things simple.

A. Yes starting a new company, will keep things simple

2. Not sure follow what other said.


3. I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

A. Send both your applications in the same envelope to the address on the main applicant form. (Source : Personal Exp)

4. Maintaiance

If you are already having 1500 in your account.. this should be sufficient, separate account is not needed.. and only bank statement will suffice. (Source : Personal Exp )

Thanks for your reply.

If I open another company then I have to make a website, contracts, adverts etc. I have these already done. UKBA is looking on the genuineness and I am joining a genuine business.

I am not arguing but based on my scenario, can I join the exiting company. If not, is there anything in the law which stops me by joining.

regards

[entrepreneur123]

In your case, As you have passed all exams, then you will need to get PC before you can open accounting practice, as all accounting bodies(ACCA, AAT etc) stops you to open one without PC if you are their member or student. So i will suggest you to apply for one asap. It doesnt matter if you go for AAT or ACCA. Under both case you can use certified accountant job title.

Going to reply your questions as you are keep posting it again and again, so thought others might reply as well if i will....

1. I think it will be better if you start new company, as it will keep things simple.

2. What are your qualifications? You do not need Practicing certificate to open accounting practice as long as you get register with HMRC under MLR 2007 OR unless you are member/student of ACCA or AAT then ofcourse you need to get one first. However it will make your case strong if you get one.

3. not sure wait for others


4. not sure wait for others

Hi,

Thanks for the reply.

I know that I do not need a practicing certificate to open an Accountancy practice in the UK. I am a fully qualified chartered certified accountant. I can easily take PC from ACCA or AAT or IFA etc. But the question is the time frame. ACCA takes much longer and if I apply today it will take several months. However AAT takes 2 to 3 weeks.

I am still waiting for replies to my other queries.

regards

[sriks]

1. I think it will be better if you start new company, as it will keep things simple.

A. Yes starting a new company, will keep things simple

2. Not sure follow what other said.


3. I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

A. Send both your applications in the same envelope to the address on the main applicant form. (Source : Personal Exp)

4. Maintaiance

If you are already having 1500 in your account.. this should be sufficient, separate account is not needed.. and only bank statement will suffice. (Source : Personal Exp )

Thanks for your reply.

If I open another company then I have to make a website, contracts, adverts etc. I have these already done. UKBA is looking on the genuineness and I am joining a genuine business.

I am not arguing but based on my scenario, can I join the exiting company. If not, is there anything in the law which stops me by joining.

regards

If you are confident about the fact that you are joining the same business and will be able to convince UKBA that

1. this 50K you are investing is not the same as 50K your brother had shown earlier to invest in the same company
2. You are bringing your own clients to the company, (new contracts etc.. )

It doesnt sound like too good an idea when UKBA is already pending one application.. (bbut again they are just stuck on all applications and not just your brothers)

You could probably justify by saying about the amount of money you make,. but I am not entirely sure as I haven't heard about anyone in this situation. Wish i could help a bit more ..

Question : Why didnt think of applying as a Team ?? Would certainly have made things a lot easier in your situation

[hammad1224]

1. I think it will be better if you start new company, as it will keep things simple.

A. Yes starting a new company, will keep things simple

2. Not sure follow what other said.


3. I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

A. Send both your applications in the same envelope to the address on the main applicant form. (Source : Personal Exp)

4. Maintaiance

If you are already having 1500 in your account.. this should be sufficient, separate account is not needed.. and only bank statement will suffice. (Source : Personal Exp )

Thanks for your reply.

If I open another company then I have to make a website, contracts, adverts etc. I have these already done. UKBA is looking on the genuineness and I am joining a genuine business.

I am not arguing but based on my scenario, can I join the exiting company. If not, is there anything in the law which stops me by joining.

regards

If you are confident about the fact that you are joining the same business and will be able to convince UKBA that

1. this 50K you are investing is not the same as 50K your brother had shown earlier to invest in the same company
2. You are bringing your own clients to the company, (new contracts etc.. )

It doesnt sound like too good an idea when UKBA is already pending one application.. (bbut again they are just stuck on all applications and not just your brothers)

You could probably justify by saying about the amount of money you make,. but I am not entirely sure as I haven't heard about anyone in this situation. Wish i could help a bit more ..

Question : Why didnt think of applying as a Team ?? Would certainly have made things a lot easier in your situation

Thanks you all of you for your responses.

I think it is a better option to open a new company instead of joining the existing company.

[tuliprose]

Hi,

My PSW visa will be expiring in August 2013. I need your advice before I apply. I am new to this forum but I have seen here that other members help others in their visa queries. I am confused how to apply i.e. whether to join as a director in my brother existing company in the last three months or form a separate company.

If I join my brother's existing accountancy practice (he applied Tier 1 entr on this company as well and is still pending) then this will save some costs i.e. I will have contracts, website, adverts, business plan etc.

What do you all propose should I join him or not?

Second Question;

I need practicing certificate to open my own Accountancy practice or to join any other practice. I can easily get Practicing Certificate from AAT or from ACCA. AAT Practicing Certificate will be issued in 2 to 3 weeks while ACCA is just like the Tier 1 entr means you cant anticipate the processing time it can be a week to several months.

If I take AAT practicing certificate (PC) then it will be a waste of money as I have to take the ACCA PC as well.

Would UKBA look critically that earlier my brother has applied and now I am applying in the same company. Our current practice is a very profitable practice. I believe UKBA is looking on the Genuineness of Businesses not just opening another company when I dont need it.

Third Question

I will be submitting my wife's application with me as well as my dependent. To my knowledge only the Main application was the only form I have to fill in both for me and my wife. I just looked UKBA and came to know I have to complete a separate application form for my wife.

The form has an address to send to. Do I have to send it in a single Envelop or a separate one.

Forth Question

Maintenance funds.

I am maintaining £1500 for me and wife. The are held in my UK Bank under my name only. Do I need to have £600 to be in my wife's account (she do not have any bank account yet) or in mine would be sufficient?

If they are send in two separate envelops, do I need to obtain two copies of bank statements one for me and one for her.

Answer for your 3rd Question:

You will need to fill in a seperate application form for your wife. You will need to send her form with yours in same envelope.

http://www.ukba.homeoffice.gov.uk/sitec ... ation1.pdf

Answer for your 4th Question:

If you are here in UK for more than 12 months then you will require £900 for yourself and £600 for your wife.

Maintenance funds can be in your own account for both of you.