Guidance for the amounts for the Uk tier 1 (Entrepreneur)

[Aiza Jahan]

Hi

Can anyone please guide me about the amount requirement for UK tier 1 ( entrepreneur).

I am gathering this information for my friend who lives in Pakistan so she can apply for this visa.

1.My first question is that she has funds In Pakistan ,are they acceptable for this visa or her funds have to be in Uk before applying .

2.what is the difference in 50000 pound criteria and 200000 criteria???

3.Can she have also have assets like property or bonds which can be taken into consideration for the 50000 or 200000 criteria?

4.And once the visa is accepted does she have to bring these funds to UK??

I will be very thankful if someone can guide me please so i can start processing her application.

Kind Regards

Aiza

[zimba]

Your friend MUST read the Tier 1E visa guide which explains all of these in great detail: https://www.gov.uk/government/publicati ... trepreneur

1.My first question is that she has funds In Pakistan ,are they acceptable for this visa or her funds have to be in Uk before applying .

Funds at home country is acceptable

2.what is the difference in 50000 pound criteria and 200000 criteria???

You cannot use your own funds if you want to claim only 50K. The funds must only come from acceptable investors or UK government bodies only.Read the guide for all the details.

3.Can she have also have assets like property or bonds which can be taken into consideration for the 50000 or 200000 criteria?

No

4.And once the visa is accepted does she have to bring these funds to UK??

What do you expect ??! You must invest the funds in the UK eventually

[Aiza Jahan]

Thank you vert much for the reply .i really appreciated the help.

I have gone thrught the guidance ,but i am still not clear about what does it means that for the 50000 criteria you cannot use own funds???

does it means that the funds should not be in a personal bank account they should already be in the invested in a company ........

let me ask the questions which relates to my friends actual situation...

she has funds equivalent to nearly 45,000 pounds invested in a investment firm in Pakistan.These funds can be withdrawn whenever she wants. Are these acceptable ?????


and what does 200000 own funds mean ??

thank you very much for the help

Kind regards

Aiza

[zimba]

I suggested to read the guide properly which clearly you did not read
You need to have CASH available in a bank account. She cannot apply with anything less than 200K unless the 50K is coming from certain UK government bodies or VCs. If you are lazy, you can read this instead: https://www.gov.uk/tier-1-entrepreneur/ ... ment-funds

[Aiza Jahan]

Thank you very much for the reply .

i have read the guildlines properly but can you please clearify this part

2.You have access to not less than £50,000 from:

1. one or more registered venture capital firms regulated by the Financial Conduct Authority (FCA)


financial conduct authority.
My question is that my friends has funds invested in a firm that is registered with SECP which is the financial authority of Pakistan.

Are these funds that are in Pakistan in a firm registered with Pakistans financial authority acceptable for this tier 1 entrepreneur visa.?????????

Thank you
will be waiting for your reply.
Aiza

[zimba]

What you say clearly defies common sense
It clearly says money made available to you for investment by a VC
This has to be a UK venture capital firm GIVING YOU MONEY for investment, which must be regulated by Financial Conduct Authority (FCA) which is a UK based regulatory body

[sameerb]

Hi, Pease read "Venture Capital Funding" (online or book) to understand the meaning of that statement.

[Aiza Jahan]

Hi thank you for the reply ,

but i am still not unclear about 50000 pounds category:

if the funds already have to be in UK then what does this statement means..


If the money is held in several financial institutions, you must supply a letter from each institution. If the money is not held in the United Kingdom, we will use the OANDA database (http://www.oanda.com) to convert the given amount of overseas money into pounds sterling.

Her funds are not in uk does this applies

I will be waiting for reply

Kind Regards

Aiza

[marcnath]

Nobody said the money has to be in the UK.

It only has to be in cash form, available to the applicant and transferable to the UK.

50K entry route is quite stringent and not easy to access.

So you are probably looking at the 200K route anyway.

The guidance is quite clear on this - they have the attributes set out in a table form. Please read that and be specific in your questions.

[Aiza Jahan]

Thank you very much for the prompt reply .

i will be very specific about question and hope that you can guide me through...

My friend who is is Pakistan has funds equivalent to 54000 pounds and assets equal to 2000000 pounds.

The funds are in cash form and can be easily transferable to uk .

The firm in which the funds are invested is Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. These funds are incorporated as Public Limited company, registered as a Non-Banking Finance Company and listed on Pakistan Stock Exchange Limited. The Company is registered with the Securities & Exchange Commission of Pakistan (SECP) .

SECP is the Financial authority of Pakistan.

Are these funds applicable for this category

(b) you have access to not less than £50,000 from:
(i) one or more registered venture capital firms regulated by the Financial Conduct Authority(FCA),


thank you very much

Kind regards

aiza

[marcnath]

Thank you very much for the prompt reply .

i will be very specific about question and hope that you can guide me through...

My friend who is is Pakistan has funds equivalent to 54000 pounds and assets equal to 2000000 pounds.

The funds are in cash form and can be easily transferable to uk .

The firm in which the funds are invested is Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. These funds are incorporated as Public Limited company, registered as a Non-Banking Finance Company and listed on Pakistan Stock Exchange Limited. The Company is registered with the Securities & Exchange Commission of Pakistan (SECP) .

SECP is the Financial authority of Pakistan.

Are these funds applicable for this category

(b) you have access to not less than £50,000 from:
(i) one or more registered venture capital firms regulated by the Financial Conduct Authority(FCA),


thank you very much

Kind regards

aiza

This has been answered by Zimba already and I am not sure why you are unable to understand.
FCA is a very specific UK institution.
The guidelines did not say FCA or equivalent !!!!!
Convert the assets into 150K Pounds equivalent cash, hold it in the bank for 90 days and your friend will be able to apply for the 200K route.

[Camel555]

Thank you very much for the prompt reply .

i will be very specific about question and hope that you can guide me through...

My friend who is is Pakistan has funds equivalent to 54000 pounds and assets equal to 2000000 pounds.

The funds are in cash form and can be easily transferable to uk .

The firm in which the funds are invested is Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. These funds are incorporated as Public Limited company, registered as a Non-Banking Finance Company and listed on Pakistan Stock Exchange Limited. The Company is registered with the Securities & Exchange Commission of Pakistan (SECP) .

SECP is the Financial authority of Pakistan.

Are these funds applicable for this category

(b) you have access to not less than £50,000 from:
(i) one or more registered venture capital firms regulated by the Financial Conduct Authority(FCA),


thank you very much

Kind regards

aiza

SECP is NOT Pakistan's financial authority, its equivalent of 'companies house' of UK
SBP (State Bank of Pak) is the financial regulator

[Abu jandal]

.. she don't meet the requirements . for your friend ...if she shows amount in a bank statement.

[CR001]

.. she don't meet the requirements . for your friend ...if she shows amount in a bank statement.

Kindly only post in English.