Tier 1 PBS Accelerated route

[Samvir1412]

Hello

Good Evening

Both me and my business partner are planning to apply ILR under the Tier 1 Entrepreneur Accelerated route with a turnover of £5million

We both have equally invested in 2 companies with a total investment of £100,000 each making our combined investment as £200,000

We have a question under the Tier 1 Entrepreneur Accelerated route regarding the turnover

Company A we have invested is a new company with a turnover of £2.5 million in the last 3 years

Company B which is an existing company has a turnover of £4.5 million since we have joined

Now for the Tier 1 Entrepreneur Accelerated route can we show the combined turnover of both the companies or the £5 million requirement has to be under 1 company only.

Combined turnover in our case is £7 million which qualifies us under the Tier 1 Entrepreneur Accelerated route

But if we cannot combine the turnover then we will apply for a normal extension

Thanks in advance

[zimba]

Did you read the guide ?? There is nothing on combining the business turnovers or such !
For a new business, you need to have turnover of min £5m AFTER you invest.
For an existing business, you need to INCREASE the turnover by £5m AFTER you invest.

[Samvir1412]

That is what is confusing. Nothing in guidelines to combine a business. So can we or can we not

Even if we have 2 new companies then what should it be only one company that we can show the turnover for.

[zimba]

You cannot combine them as the rules mention one business

[Samvir1412]

Hello

Below are some figures

Applied for Tier 1 Accelerated Visa for ILR-Sept 2016

Refused Jan-2017

Reason for refusal - Calculation error where we fall short for £5 million turnover

Date of directorship July 1 2013

Now the question is that we will be applying again next week for extension for another 2 years


Now the question is for what duration can we show the turnover for

3 years since we became directors is July 2016
Turnover till July 2016- £455,000

Now as we are reapplying and initial Visa expired Sept 2016- can we show the turnover uptiil september or it has to be July 2013-July 2016

Can we show Sept 2013-sept 2016 as during this period we are more than the required £5million

Thanks

[Jazz2007]

Hello

Below are some figures

Applied for Tier 1 Accelerated Visa for ILR-Sept 2016

Refused Jan-2017

Reason for refusal - Calculation error where we fall short for £5 million turnover

Date of directorship July 1 2013

Now the question is that we will be applying again next week for extension for another 2 years


Now the question is for what duration can we show the turnover for

3 years since we became directors is July 2016
Turnover till July 2016- £455,000

Now as we are reapplying and initial Visa expired Sept 2016- can we show the turnover uptiil september or it has to be July 2013-July 2016

Can we show Sept 2013-sept 2016 as during this period we are more than the required £5million

Thanks

Short by £4.55m?

As you are applying Fresh Application your accounts must be up to date(Annual Accounts Plus Management Accounts(If any)).

Investments will be considered during your initial grant of visa.

Make Sure you follow guide and dont miss any required docs.

[Samvir1412]

Hello

I mean to say that if we apply for fresh application under tier 1 accelerated route to ilr

Can we show accounts from sept 2013 to sept 2017 or they have to be from July 13-July 17

If we show sept 13-sept17 we achieve £5m

But if we show July13-july 17 we are short by some amount

We were registered as directors in July 13.

[Jazz2007]

Hello

I mean to say that if we apply for fresh application under tier 1 accelerated route to ilr

Can we show accounts from sept 2013 to sept 2017 or they have to be from July 13-July 17

If we show sept 13-sept17 we achieve £5m

But if we show July13-july 17 we are short by some amount

We were registered as directors in July 13.

According to Policy Guidance,

4) You have spent the specified continuous period lawfully in the UK, with absences from the UK of no more than 180 days in any 12 calendar months during that period. The specified
continuous period is either:
 3 years:
 if the number of new full-time jobs created is at least 10;
 or if you have established a new UK business that has had an income from
business activity of at least £5 million during a 3 year period in which you had
leave as a Tier 1 (Entrepreneur) Migrant (see Accelerated Settlement - £5
million - New Business) , or
 you have taken over or invested in an existing UK business and your services
or investment have resulted in a net increase in income from business activity
to that business of £5 million during a 3 year period in which you had leave as a
Tier 1 (Entrepreneur) Migrant, when compared to the immediately preceding 3
year period (see Accelerated Settlement - £5 million – Existing Business),

Technically, If your Initial Visa Expires after your £5m Turnover is reached,Then Yes.

[Samvir1412]

Many thanks

More advices appreciated

But it also says the below.in that case as I became a director in July 2013. As it says 3 years immediately you involved with the the business.


218. To meet this requirement, your business must therefore have an increase in gross income (turnover) of £5 million as a result of its business activity when compared to the 3 year period immediately before you became involved with the business as a Tier 1 (Entrepreneur). For example, if the income was £4 million in the previous 3 years, it would need to be £9 million when you apply for accelerated settlement.

[zimba]

On a previous thread you were asking if you can apply by combining the turnovers (you cannot) and and now started a new thread saying you were refused ???
Why didn't you continue there ??? http://www.immigrationboards.com/uk-tie ... 23183.html

[Jazz2007]

On a previous thread you were asking if you can apply by combining the turnovers (you cannot) and and now started a new thread saying you were refused ???
Why didn't you continue there ??? http://www.immigrationboards.com/uk-tie ... 23183.html

Both Threads are contradicting each other!!!

Zimba sorted this in no time

[noajthan]

Posts merged.
No need for multiple posts.

[Samvir1412]

Hello

My tier 1 entrepreneur visa was rejected as I was short of the £5 million due to a small error

However I am applying for an administrative review. Can I supply new documents under the review. Also I forgot to mention that the case worker needs to consider 2 companies as a joint turnover for over 5 million and therefore he only considered one and refused

All documents related to the turnover of the other company are already submitted. Can we ask the review based on them to take the other companies turnover which will take the turnover over the required amount.

Company 1. 4.5 m
Company 2 2.5 m

Therefore the turnover is over 5 m

Thanks

[noajthan]

Posts merged.

All these questions about the same case.

There is no need for multiple posts.

[noajthan]

On a previous thread you were asking if you can apply by combining the turnovers (you cannot) and and now started a new thread saying you were refused ???

Take note of previous response (above).

AR is to address caseworker errors or omissions - not yours.
And new documents cannot be submitted.

[Samvir1412]

We did supply the documents but the case worker did not take them into consideration

Can we in AR request them to look at the other document and Add the turnover of that doucumen tot he first company document

Thanks

[noajthan]

We did supply the documents but the case worker did not take them into consideration

Can we in AR request them to look at the other document and Add the turnover of that doucumen tot he first company document

Thanks

I responded to this question, as per my understanding:

Can I supply new documents under the review

[Samvir1412]

Hello

I am on a dependant visa tier 1

After my partners refusal we are applying for administrative review.

Assuming the AR is negative. And we file a new application

Will I be covered under 3c and be allowed to work as normal or I will have work eligibility in the country

Thanks

[zimba]

You cannot combine the turnovers, if that was the case then your application for accelerated ILR is not acceptable and AR will not help.
During AR, your section 3C continues until you hear back.