Tier 1 - 185 days resident required per year

[Diving4ever]

Good Afternoon,

Regarding entrepreneur team application,

Team of two, each one of them have access to 200K, each one of them have 200k in his personal bank account in his country,

Can both of them apply as a team, each one of them relaying in his own 200k with the same business plan,

And once they got the approval, they set up the business and transfer only 200k in total to the business account?

Looking forward for your advice,

Thanks in advance,

Ahmed

[zimba]

No. From the guide:

If you have formed an entrepreneurial team with another applicant, the documents must confirm that the funds are available to both team members or your business

Please read: https://www.gov.uk/government/publicati ... trepreneur

[Diving4ever]

Hi team,

I would like to prepare my business plan and Market research, any successful business plan and Market research been used before successfully in Entrepreneur visa, so I can use them as a guide/ reference when I prepare mine?

Looking forward for your advice and support,

My email address: email address removed by moderator

Best Regards,

Ahmed

[CR001]

Strongly suggest you read the forum T&Cs, as required when you registered on the forum, to understand how things work. See READ ME

Search the forum, covered in many topics. There is no template BP or marketing research. HO are hot on 'stock standard boiler plate' documents and use software to identify these. It is very much dependent on your business you plan to start.

Ever been to the UK?

[Diving4ever]

Hi team,

I would like to prepare my business plan and Market research, any successful business plan and Market research been used before successfully in Entrepreneur visa, so I can use them as a guide/ reference when I prepare mine?

Looking forward for your advice and support,

Best Regards,

Ahmed

Many thanks for your clarification, I am a new member in the groub, so I added my email by mistake,

I already been to the UK many times on the last 10 years, last one been in January 2017, and I will be back to UK late this month.

[Diving4ever]

Hi Team,

I just would like to check the documents list required during my visa application stage, I understand that it will be as following:

1- Bank statement (stamped) covering the last 90 days with the £200K plus the maintenance fund for myself (£3310), in total it should be showing a balance of over £203.310k,

Do I need any other document from the bank to show that it can be transferred, or the bank statement should be sufficient???
If any other document required, could you please reply with a copy of it to edit and use?

2- English language test certificate (minimum of ISE I (B1) or ILETS 4.0),

3- Police clearance certificate from all the countries I stayed on for 12 months or more during the last 10 years),

4- Business plan and a market research (which include my CV and certificates),

------------------------

Any other documents required?

-----------------------

Looking forward for your valuable advices and support,

Best Regards,

Ahmed

[zimba]

Have you read the official guide ?? https://www.gov.uk/government/publicati ... trepreneur

[Diving4ever]

Have you read the official guide ?? https://www.gov.uk/government/publicati ... trepreneur

Thanks for your reply zimba88, it's much appreciated,

Yes, I did, I just would like a confirmation and any points I miss to be highlighted by the team,

Team experience and support always great,

Thanks and Regards.

[zimba]

The bank statements need to be original and from a bank that HO can make verifications with as per Appendix P: https://www.gov.uk/guidance/immigration ... stitutions

[Diving4ever]

The bank statements need to be original and from a bank that HO can make verifications with as per Appendix P: https://www.gov.uk/guidance/immigration ... stitutions

Many thanks zimba88,

Yes, I hold the money in HSBC bank (outside UK) Premier account, which I think it should be OK for HO verification, isn`t it?

Do I need to ask HSBC bank (outside UK) for any additional documents, or the stamped original bank statement should be sufficient to gain the 75 points related to the money?

Looking forward for your valuable advice,

Thanks and Regards.

[zimba]

No, as covered in the guide supplying the original statements with the required period is enough

[Diving4ever]

No, as covered in the guide supplying the original statements with the required period is enough

That's great,

Many thanks zimba88 for your valuable advices.

Thanks and Regards.

[Diving4ever]

Good Evening Gents,

If myself and another person (British) have just registered a UK limited company (construction company), and we opened our company UK bank account, and I transferred the 200K from my overseas bank account to the company bank account in the UK to cover my shares, and we didn`t started yet doing our construction work,

Is it will be acceptable from the HO for myself to relay on my investment (200K) on the company in case if it still didn`t start any construction contract yet and the money still in the company bank account?

And I will submit with my application our business plan and market research which already been done to our business, are their a chance for the HO to refuse my Tier 1 visa application?

Looking forward to hearing from you,

Thanks in advance.

[zimba]

You post is quite unreadable To claim investment, you must submit extra documents like company accounts, loan agreement, etc.
Have you even read the Tier 1E guide? https://www.gov.uk/government/publicati ... trepreneur

[Diving4ever]

You post is quite unreadable To claim investment, you must submit extra documents like company accounts, loan agreement, etc.
Have you even read the Tier 1E guide? https://www.gov.uk/government/publicati ... trepreneur

Thanks zimba88 for your reply,

Yes, I read it,

My question is, if the 200K in the limited company bank account as my shares, and the company didn`t achieve much contracts so far, is that will be acceptable by the HO?

Thanks in advance.

[zimba]

You need to give more details. Are you applying from outside the UK or are you switching ??
You generally do not need to even have a business if you simply want to apply initial for Tier 1E.

[Diving4ever]

You need to give more details. Are you applying from outside the UK or are you switching ??
You generally do not need to even have a business if you simply want to apply initial for Tier 1E.

Many thanks zimba88 for your reply, it's much appreciated,

Iam applying from outside UK, and not switching,

I understand that having a business in the UK is not a requirement to apply initial for Tier 1E, but I think it could prove that I`m really want to invest in the UK, and that it will reduce the risk of application refusal,

Isn't it?

Thanks in advance,

[zimba]

Not really. Your business plan matters far more that opening a bank account and a company here.
If the money is transferred to a UK business, you must send the company accounts showing ALL the information as required in the guide.

[CR001]

All Topics Merged

[Diving4ever]

Hi Team,

I understand that if the fund 200K have been on your own bank account for more than 90 days, their will be no requirement to submit documents to proof the source of the fund (from where you earn it), is that correct?

As I heard that a new requirement from the home office that you should submit documents to proof the source of the fund.

In the HO documents, it's only speaking about proof of source of fund in case it's on my own bank account for less than 90 days, but didn't mention anything related to the same requirement if it on the bank account for 90 days or more?

Could you please clarify this point.

Thanks and Regards.

[CR001]

Topics Merged AGAIN (click)
Please do click the link and read it.

[zimba]

Hi Team,

I understand that if the fund 200K have been on your own bank account for more than 90 days, their will be no requirement to submit documents to proof the source of the fund (from where you earn it), is that correct?

As I heard that a new requirement from the home office that you should submit documents to proof the source of the fund.

In the HO documents, it's only speaking about proof of source of fund in case it's on my own bank account for less than 90 days, but didn't mention anything related to the same requirement if it on the bank account for 90 days or more?

Could you please clarify this point.

Thanks and Regards.

What new requirement ??

[Diving4ever]

Hi Team,

I understand that if the fund 200K have been on your own bank account for more than 90 days, their will be no requirement to submit documents to proof the source of the fund (from where you earn it), is that correct?

As I heard that a new requirement from the home office that you should submit documents to proof the source of the fund.

In the HO documents, it's only speaking about proof of source of fund in case it's on my own bank account for less than 90 days, but didn't mention anything related to the same requirement if it on the bank account for 90 days or more?

Could you please clarify this point.

Thanks and Regards.

What new requirement ??

I mean that, Are there any requirement to supply any other documents in additional to the bank statement in case the fund is on my bank account for 90 days or more to proof the source of my money and from where I earn it??

Thanks in advance.

[zimba]

Not If you kept the funds for more than 90 days in your PERSONAL bank account. You can claim the funds as yours without any third party involvement that way

[Diving4ever]

Good Morning,

Tier 1 entrepreneur visa required to spend at least 185 days per year in the UK,

Does the days I spend offshore UK in the UKCS on an offshore installation counted as days in the UK as part of the 185 days required or not?

Thanks and Regards,