Attribute points

[Tony999111000]

Apologies if this has been covered before. If an applicant buys an ongoing business in the UK, can he then apply for the Tier 1 Enterpreneur visa (within 12 months) ? If so, how are the the Attribute points worked out ? Does he get 75 points for having bought the business already ? If not, how can he achieve 95 points ?

[CR001]

Money paid to the previous owner to buy the business doesn't count for investment.

[Tony999111000]

Thank you. I have read the guidance on that. So, the applicant will need the 200,000 GBP in addition to any funds he may have already "invested" ? It does look that way from the attribute points requirements.

[CR001]

Buying a property and paying the purchase price to the previous owner is not investment as it goes to someone else who is no longer connected to the business.

So yes, you would need evidence of £200k available to you to invest into YOUR business.

[mohsensari]

Buying a property and paying the purchase price to the previous owner is not investment as it goes to someone else who is no longer connected to the business.

So yes, you would need evidence of £200k available to you to invest into YOUR business.

Buying the property for your own business should be fine.main income must be from sales / services, not from rent or property management. it’s clear in the guidance. Byuying a property is not same as buying a business .

[CR001]

Buying a property and paying the purchase price to the previous owner is not investment as it goes to someone else who is no longer connected to the business.

So yes, you would need evidence of £200k available to you to invest into YOUR business.

Buying the property for your own business should be fine.main income must be from sales / services, not from rent or property management. it’s clear in the guidance. Byuying a property is not same as buying a business .

I meant to type 'buying a business' not 'property'!!

[mohsensari]

Buying a property and paying the purchase price to the previous owner is not investment as it goes to someone else who is no longer connected to the business.

So yes, you would need evidence of £200k available to you to invest into YOUR business.

Buying the property for your own business should be fine.main income must be from sales / services, not from rent or property management. it’s clear in the guidance. Byuying a property is not same as buying a business .

But if you buying property and business, you need to deduct the amount which you are paying for buying the business itself from your investment. you need to have 2 different contracts for business and property.

[CR001]

Buying a property and paying the purchase price to the previous owner is not investment as it goes to someone else who is no longer connected to the business.

So yes, you would need evidence of £200k available to you to invest into YOUR business.

Buying the property for your own business should be fine.main income must be from sales / services, not from rent or property management. it’s clear in the guidance. Byuying a property is not same as buying a business .

But if you buying property and business, you need to deduct the amount which you are paying for buying the business itself from your investment. you need to have 2 different contracts for business and property.

The OP has not stated he is buying a 'property' but only 'buying a business'. No point harping on about 'property' if it has not been stated. The purchase price paid to the previous own is not considered investment.

[marcnath]

Apologies if this has been covered before. If an applicant buys an ongoing business in the UK, can he then apply for the Tier 1 Enterpreneur visa (within 12 months) ? If so, how are the the Attribute points worked out ? Does he get 75 points for having bought the business already ? If not, how can he achieve 95 points ?

Just to be clear, you don’t need to have a business before you apply for your T1E - it is sufficient to show money in your bank