Genuine enterprenuer test

[SyedExp]

Hello
I have some questions prior to applying for Tier 1 enterprenuer visa

1. I have pre prepared a business plan to set up a financial and technical services firm for oil companies , I have no prior experience to doing busines just have worked for FMCG's for over 16 year, how the immigration officer see it do I pass the genuine enterprenuer test ?

2. Last year my study visa was refused on missing a copy of my degree as a support to CAS does it effect the decesion ?

3 Should I hire a full time lawyer for assistance or review of application ?



Thanks

[marcnath]

Hello
I have some questions prior to applying for Tier 1 enterprenuer visa

1. I have pre prepared a business plan to set up a financial and technical services firm for oil companies , I have no prior experience to doing busines just have worked for FMCG's for over 16 year, how the immigration officer see it do I pass the genuine enterprenuer test ?

Unfortunately, the only information is what is in the guidelines. The CW seems to have a lot of leeway in this. One of the key words you will see is "credible". How they assess it is not clear, but I would try to have as much factual data as possible. If you have people in the industry who can give you a letter, then again the credibility is helped.

2. Last year my study visa was refused on missing a copy of my degree as a support to CAS does it effect the decesion ?

On its own, a refusal should not impact. Depends on the reason. For example, misrepresentation or deception would cause problems.

3 Should I hire a full time lawyer for assistance or review of application ?

Thanks

It is your choice. Look through this forum. What I have seen here is the vast majority do it themselves. And many of the advice that members have said they got from lawyers seem to be of low quality.
A Tier 1 E application is mostly straightforward. The genuine entrepreneur test is the most unclear part of it and a lawyer is not the best person to do that - get some others to look at your business plan and take their comments into account.

[SyedExp]

Dear marcnath , very useful answer , I can get reference letters this quite possible , how much details are expected in the busniess plan like the CW expect that I add a market demand analysis and expected future profits for the newly established firm , what about interview preparation ?

[marcnath]

Dear marcnath , very useful answer , I can get reference letters this quite possible , how much details are expected in the busniess plan like the CW expect that I add a market demand analysis and expected future profits for the newly established firm , what about interview preparation ?

As mentioned, there is no way of knowing what level of detail is needed. I would think it is not quantity but quality that counts.
You may not have an interview at all. But, if you do, same thing - you need to know your business plan and convince them you are credible.

[SyedExp]

I have some more questions :

1. I had few meetings with some of the mid tier tax services firms in uk and they offered me franchise of their firm and they send me a letter also confirming the offer does this help in getting the visa ? How is experience with respect to franchise applications ?

2 is there a preferred category of business for this visa type ?

Thanks and regards

[marcnath]

I have some more questions :

1. I had few meetings with some of the mid tier tax services firms in uk and they offered me franchise of their firm and they send me a letter also confirming the offer does this help in getting the visa ? How is experience with respect to franchise applications ?

2 is there a preferred category of business for this visa type ?

Thanks and regards

Answering the second question first - NO, there is no preferred category of business.

Then on a more generic basis, you need to make up your mind. Are you applying for the visa to be an entrepreneur or are you becoming an entrepreneur in order to get a T1E Visa ?

Unfortunately. this set of questions are questions that would be asked if it were the latter.

Hopefully that is not the case. And it is the former - in which case you should just focus on what you think makes business sense for you - not on what improves your chance for the T1E visa.

[SyedExp]

Thanks for excellent guidance , very helpful. Is there also some cap on visa during a year to keep the net migration targets within allowable limits ? So my question is does an application in the beginning of a year has more chances of success ?

I want to apply first for myself and later on for my family (spouse and children) , does this approach carry any disadvantage

Thanks and Regards.

[marcnath]

Thanks for excellent guidance , very helpful. Is there also some cap on visa during a year to keep the net migration targets within allowable limits ? So my question is does an application in the beginning of a year has more chances of success ?

I want to apply first for myself and later on for my family (spouse and children) , does this approach carry any disadvantage

Thanks and Regards.

No caps or quotas.
Depends. What visa are you/they on now ?

[SyedExp]

I / we are not in UK and based in NON EU area (Karachi , Pakistan) , I work for a Multinational Oil & gas company

I have visited the UK several times, on non work visa

[marcnath]

I / we are not in UK and based in NON EU area (Karachi , Pakistan) , I work for a Multinational Oil & gas company

I have visited the UK several times, on non work visa

Ok. Then there are no negative implications of applying for a dependant visa later.

[SyedExp]

thanks for your prompt response,

I understand that a business plan contains assumptions and details about the business and based on which a 2 to 3 year projection of cash flows is shown. Additionally a balance sheet and profit and loss account and movement in equity can be shown of the business.

Is this what the UKBA also expect or they have a different understanding

thanks in advance

[marcnath]

thanks for your prompt response,

I understand that a business plan contains assumptions and details about the business and based on which a 2 to 3 year projection of cash flows is shown. Additionally a balance sheet and profit and loss account and movement in equity can be shown of the business.

Is this what the UKBA also expect or they have a different understanding

thanks in advance

There is no UKBA anymore, it is UKVI.

UKVI has not defined what a "business plan" is any more than what is in the guidelines - "setting out your proposed business activities in the UK and how you expect to make your business succeed."

That is the expectation.

If you go ahead and prepare a business plan that you may use to get money from a bank or from investors, that should be good enough. Personally, I think UKVI will be happy with something even more simple.

[SyedExp]

highly appreciate your answers,

can also elaborate is there any checklist which i can follow so that i do not miss important documents. i have read the guidelines few months ago.

regards

[marcnath]

highly appreciate your answers,

can also elaborate is there any checklist which i can follow so that i do not miss important documents. i have read the guidelines few months ago.

regards

There is no specific checklist. The guidance is organised well enough to be a checklist itself.

[SyedExp]

Hello , I have another question what if i buy an existing business which is running.

example is like a renewable energy company and i will invest additional 200 K pounds in to it to expand the business and will hire additional staff as required in Tier 1, how does the application differ do i have to attach a sale purchase agreement or a Business plan which narrates my planning.
Is it an easier path to prove the credibility of the applicant ?

[marcnath]

Hello , I have another question what if i buy an existing business which is running.

example is like a renewable energy company and i will invest additional 200 K pounds in to it to expand the business and will hire additional staff as required in Tier 1, how does the application differ do i have to attach a sale purchase agreement or a Business plan which narrates my planning.
Is it an easier path to prove the credibility of the applicant ?

Obviously, if you already make the investment prior to the application, the credibility increases tremendously. However, you run the risk if it is not approved.

But the basic requirements don't change - they will still evaluate the business plan as normal.

Remember that if you "buy" a business for 200K, that is not considered an investment if you that money goes to the current owner. The money has to go into the business, not to a third party.

Personally, I don't think you should get hung up on this genuine entrepreneur test if you are genuine.

That was added in a few years back because, I assume, there were people effectively "buying" an permanent residence in the UK. So, while you can get rejected because of that, I suspect most genuine business plans do get approved

[SyedExp]

Hello , How do you think the immigration CW see the busniess plan of opening Tax services franchise , good franchise have a selection process. I have received an offer from one of the top franchise in UK to open their office in UK as i attended their workshop in UK

thanks for your quick answer

regards