Already invested £50,000 in a business in the uk

[Reywan93]

Me and my father are planning to buy a business worth £50,000 in Norwich City in the uk so that we can apply for the Entrepreneurial visa after 6 months. We will for now go there with Standard Visa. I read the terms and conditions as: "You can also apply if you’ve already invested £50,000 in a UK business. You must have invested the funds less than 12 months before you apply."

However, I did not understand this part:
"The funding rules are different if you’re changing (switching) from another visa, or if you’ve already had a UK visa."

What do they mean by, IF YOU'VE ALREADY HAD A UK VISA?
Because we were in uk for 5 years with student visa from 2008-2013.

I would really appreciate your help and explanation.

[zimba]

You cannot claim points by purchasing a business. Money spent on purchasing a business is NOT accepted as investment
If you are already in the UK means switching. You are applying from outside so you are applying for entry clearance NOT switching.

Read the official guide: https://www.gov.uk/government/publicati ... trepreneur

[CR001]

And you can only use the £50k route under very specific circumstances.

[Tanim]

OP,

If you are struggling to find the exact part of the official Guideline then look up on page number 19 where it says:

‘Invested’ means that the funds have been put into businesses which you are running as selfemployed
or as a director or partner . ‘Invested’ or ‘spent’ excludes spending on:

1) your own remuneration,
2) buying the business from a previous owner, where the money ultimately goes to
that previous owner (irrespective of whether it is received or held directly or
indirectly by that previous owner) rather than into the business you have bought.
This applies regardless of whether the money is channelled through the business
en route to the previous owner. For example, by means of you or your business
purchasing ‘goodwill’ or other assets which were previously part of the business
you have bought,
3) putting money into businesses, other than those which you are running as selfemployed
or as a director, and
4) any spending which is not directly for the purpose of establishing or running your
own business or businesses.

If you are applying from overseas the fund needs to be £200k but don't quote me on it as I'm not 100% sure about it.

Hope this helps.

Cheers,
Tanim