Investment in convertible debt securities - eligibility Tier 1 Entrepreneur VISA

[explorer23]

Hello, I am a equity holder in an offshore SPV which invested into UK operating business as a convertible debt. My share is more than stipulated GBP200K.

The investment was made more than 12 months ago, but conversion option has still not been exercised.

I would like to check

1) Am I eligible to apply for Tier 1 entrepreneurship visa

2) Does it matter if the investment is in the form of debt or equity

3) When does the 12 month period start: a) date of debt investment or b) date on which conversion takes place (debt conversion to equity)

[marcnath]

The investment has to be in your name, so the share of ownership in the SPV that has invested will not likely count.
And, of course, you need to be a Director.

[zimba]

The money used will only qualify for the award of points if it will be new investment in the United Kingdom. A new investment is one made within the 12 calendar months before the date of application. Value of equity sold must have been 200K to begin with. Also you must be a director of such company or else the investment will not count