PSW switch on 200k

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 11:47 am

Hi,
Please guide me , I am on PSW visa and I want to apply for Enterpuner visa . Can I apply in the uk on 200k route with leave the uk? Can i show money in my united states bank account because i got usa bank account on my name. Please reply.

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 11:56 am

moh.moh wrote:Hi,
Please guide me , I am on PSW visa and I want to apply for Enterpuner visa . Can I apply in the uk on 200k route with out leave the uk? Can i show money in my united states bank account because i got usa bank account on my name. Please reply.

Post by **Lucapooka** » Sat Aug 24, 2013 11:56 am

Just because there is a reduced capital concession for psw migrants does mean a psw migrant is limited or restricted to that route. You can apply under the normal t1 (ent) rules from either inside or outside the UK if you wish.

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 12:01 pm

Lucapooka wrote:Just because there is a reduced capital concession for psw migrants does mean a psw migrant is limited to that royte. You can apply under the normal t1 (ent) rules if you wish.

Thanks for reply. Can I use my USA bank statement to show some money about 100k and rest of the money in my UK account.

Post by **Lucapooka** » Sat Aug 24, 2013 12:04 pm

Overseas bank statements are not accepted. It would have to a letter in the prescribed format. Please read the policy guidance for more details on this.

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 12:12 pm

Lucapooka wrote:Overseas bank statements are not accepted. It would have to a letter in the prescribed format. Please read the policy guidance for more details on this.

Thanks. If I go on 50 k route can I do two business one is graduate level and other one below graduate level.

Post by **Lucapooka** » Sat Aug 24, 2013 12:25 pm

Only the level 4 business will be considered for the visa and you must fulfill all the requirements for that when you come to extend (investment and employment) but, aside from this, there is nothing to stop you having other types of businesses in any other capacity - it's just that they will not be included in any of your dealings with the UKBA. Guys working for those entities will not be covered by the employment creation points.

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 1:22 pm

Lucapooka wrote:Only the level 4 business will be considered for the visa and you must fulfill all the requirements for that when you come to extend (investment and employment) but, aside from this, there is nothing to stop you having other types of businesses in any other capacity - it's just that they will not be included in any of your dealings with the UKBA. Guys working for those entities will not be covered by the employment creation points.

Thanks for reply. Mean on PSW route 50k I can be director on one graduate level business and can be director on any low level business ( takeaway frenchise , Heath care agency) . I will maintain graduate level business for visa . Low level business I will keep for only earning. Please let me know if any problem. Thanks

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 2:36 pm

moh.moh wrote:
Lucapooka wrote:Only the level 4 business will be considered for the visa and you must fulfill all the requirements for that when you come to extend (investment and employment) but, aside from this, there is nothing to stop you having other types of businesses in any other capacity - it's just that they will not be included in any of your dealings with the UKBA. Guys working for those entities will not be covered by the employment creation points.
Thanks for reply. Mean on PSW route 50k I can be director on one graduate level business and can be director on any low level business ( takeaway frenchise , Heath care agency) . I will maintain graduate level business for visa . Low level business I will keep for only earning. Please let me know if any problem. Thanks

Please reply. I want to clear confusion in my mind . Thanks

Darvesh · Post by **Darvesh** » Sat Aug 24, 2013 2:58 pm

it should be fine as long as u keep ur level4 business running along other business and engage actively in it(level4).

moh.moh · Post by **moh.moh** » Sat Aug 24, 2013 7:32 pm

Darvesh wrote:it should be fine as long as u keep ur level4 business running along other business and engage actively in it(level4).

Thanks for very useful information. Can I register 2 different companies on my name as a director on company house . How can I pay tax on these 2 different company. Please reply. Thanks

Post by **Lucapooka** » Sat Aug 24, 2013 7:57 pm

These are questions for your accountant and are not relevant to immigration.

BlackBirdSSG · Post by **BlackBirdSSG** » Sun Aug 25, 2013 4:13 pm

PSW Holders switching to £50K route of Tier 1 Entrepreneur must make sure that their business is GRADUATE LEVEL Business (NQF Level 4 or above).

They must also make sure that they run that business throughout their required duration of visa time to qualify for extension.

There is no restriction in opening other companies of any kind or level, however UKBA would only be concerned about 2 things during your extension.
a) £50K invested?
b) min 2 jobs created/min 365 days

(this is the company you applied with initially for your Tier 1 Entrepreneur Visa)

Immigrationboards.com: Immigration, work visa and work permit discussion board

PSW switch on 200k

PSW switch on 200k

Re: PSW switch on 200k