Hi all,
It is my first post after having followed the forum for years. I hope I am doing this right.
I am a U.K. citizen (via long stay route) since 6 months now. My parents live in India.
I have a market food stall and wish to expand the business into something like a cafe, takeaway or a restaurant. I therefore thought of getting my parents over as they have been involved in fast food chain business in India, for over 5 years now. Tier 1 seemed like a legitimate option for us here.
As we are new to this and there is a lot of grey area (we've been told), I just wanted a few getting started tips.
1) If we bought a property (commerical space), shop, cafe, restaurant - can that be bought from the £200k investment that is to be shown? Even though it won't be all used, only lease transfer from old owner to us + recurring rent each month? How does it work? We are well confused with how to justify £200k investment for extension, so that we get an extension. The business will be legitimate and genuine btw.
2) My parents can arrange for £200k in Indian account. But I have heard the money needs to be transferred into a U.K. bank account and needs to remain so until extension?
3) Is £200k the only right route for us? Given that no venture capital will invest in a "yet another" Indian fast food business?
Thaks!
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