PSW to Entreprenur new policy after 6 of April

[Pialroy]

to "luqmanzaheer" from UKBA explanation and my understanding there is no such rule for investable amount need to be in bank account for a certain duration, if you collect that money from anywhere legal money into your bank account and take the statement next day (not possible here in UK at least original statement need 6-10 days after order normally). then you are good to go, but as all others says better keep the money into account till you get the result. still if you going to use that money after your application submission you can inform UKBA that that fund already invested to somewhere with details that is possible from my point of view.

to "rabeel"
Well let's try to pick up some key words from that sentence.
""Other than the work necessary to administer the business (reference; If the business is software sales and your main activity is developing software, you may qualify for points, it means if you are owner of that software firm and you are doing administrative works like out sourcing software engineer or hiring engineer and run your company then you are not involve with developing, designing software because you are hiring them so your work is not developing software, designing, not directly related with main business activity), your main business activity must be working at graduate level (lets have the same reference again ; ( If the business is software sales and your main activity is developing software, you may qualify for points, it means if you are owner of that software firm and you are developing software then you may qualify for the point). We will not take into account the tasks involved with the running of the business for this assessment. (here in this sentence they said if you are running any business that will not be taken account for this assessment. so from that sentence I can understand running business only is not vital here, but you have perform a JOB which is vital with any business.
why they give a example for taxi service "If the business is a taxi firm, the main occupation is driving a taxi and you will not score points even though you manage the business. Your main activity is providing a taxi service which is not skilled to graduate level "
reason running a taxi service, you will not be able to find a job designation for Graduate level in this business, as they said even though you are the owner of that service company. every where they tried to indicate clearly that is your job designation and job activity.
so bottom line is priority wise.
1. you have to have a business.
2. your Job designation has to be in NQF level 4, with appropriate responsibility match with level
4 and above of the National Qualifications Framework.
3. your job designation have to be realistic, giving few example.
a. you have a taxi service, your job designation is software developer, financial analysisis, marketing consultant. (this is your company you can hire anyone with this type designation but do anybody think it is logical).
b. you have a garments laundry, your job designation is software developer, financial analysisis, marketing consultant. (this is your company you can hire anyone with this type designation but do anybody think it is logical).

this is the reason they give those examples to understand main job designation and its viability with business type.

And I dont know about "luqmanzaheer" business category properly no idea about travel agency how it works and how his other business activity works and his job designation viability with his business. he need to do some analysis whether that designation and its viability for that company which he is holding right now.
for your kind information My business category is software developing and providing network service and my job responsibility is network support consultant.

as per my understanding ukba need job level to be at graduate level. ok you tell me is tesco store itself have a level but in store the store manager have a job level which is graduate level same as travel agency it self have no level but with in travel agency different jobs comes like customer services, booking manager, finance and business development manager, different jobs have different nvq levels. what u say about this

from my understanding and point view if your job responsibility is in NQF level 6 then fine there shouldn't be a issue.

My apologies in advance if you will feel bad after reading my comments but according to my understanding it is not ur job which needs to be at graduate level , it is the main business activity which needs to be at graduate level .

As home office says "Other than the work necessary to administer the business, your main business activity must be working at graduate level. We will not take into account the tasks involved with the running of the business for this assessment.

For example
• If the business is software sales and your main activity is developing software, you may qualify for points;
• If the business is a taxi firm, the main occupation is driving a taxi and you will not score points even though you manage the business. Your main activity is providing a taxi service which is not skilled to graduate level."


So if your business activity which is a travel agency is not in UKBA graduate list then you might could face an issue. Please discuss with immigration expert and we will be glad to hear other people comments on it as well. I might be wrong but this is my understanding.

[rabeel]

[quote="Pialroy"][/quote]

I am getting what you are trying to say but in this case someone could also be a director of a taxi company and say my role is at graduate level or he could be finance manager of the company. So do you think he can apply in this case?

[saeedusman]

Regarding above discussion, I think the business itself should be classed at the NQF-4 level.

If I am wrong, then it will be a lot easier for me to get this visa. Because I am running Mobile Phones and Computers shop from past year. Being only one, I am everything, Mean I can class myself as manager, or whatever and use the previously invested money.

But I might go wrong if I do this. Because I am touching the borderline for IT Technicians operation which is classed as level 4, but not exactly falling in. So I am the technical/sales/purchasing manager of my business, providing direct services (like software development) but still I don't think I qualify to use the previous investment. So business will really matter.

Kindly correct me if I am wrong. That might be helpful for me because then I can show previously invested £35-40k and use the difference to qualify.

[sagar2009]

Hi guys,

I'm currently on a post study work visa and need to switch into the Entrepreneur Visa.

Can I apply under the 200,000 bracket ?I have been late to register the company and provide other documents which fall under the 50,000 bracket?

Looking forward to hearing from you.

Your reply will be really helpful.
Thank you

[saeedusman]

Someone told me that on £50k category, we cannot make entr. team. I mean two persons on PSW cannot use just one statement of £50k and get the visas (fulfilling all the other requirements as well). It means they need two statements of £50k each to get the visas.

Rather only £200k can be shared by entr. team.

Any comments?

[yoldashh]

Hello,can some one help me please.
i am ivoloved in a carpet wholesale company.
and i am a registered director,with annual revenue of more than £140000.
what job should i have ina carpet wholesale business which is equivelnt of graduate level job.as i want to switch from psw to £50000 entreprenuer.
i am a graduate of accounting and finance.
any help will be appreciated .
thank you and God Bless you All.

[rabeel]

Hello,can some one help me please.
i am ivoloved in a carpet wholesale company.
and i am a registered director,with annual revenue of more than £140000.
what job should i have ina carpet wholesale business which is equivelnt of graduate level job.as i want to switch from psw to £50000 entreprenuer.
i am a graduate of accounting and finance.
any help will be appreciated .
thank you and God Bless you All.

Financial Director

[sagar2009]

Hi guys,

I'm currently on a post study work visa and need to switch into the Entrepreneur Visa.

Can I apply under the 200,000 bracket ?I have been late to register the company and provide other documents which fall under the 50,000 bracket?

Is it important to apply under the 50,000 or can apply in the 200,000?

Looking forward to hearing from you.

Your reply will be really helpful.
Thank you

[Mag8891]

I was in touch with UKBA office today and they confirmed that in my case


1) if I opened company it the beginning of May 2012 and applying in beginning of June 2012 it is fine, they require current companies house report to confirm my appointment as a director.

2) funds avaliable can be on your personal bank account as well as on you company bank account, it doesn't really matter as you show that this funds are avaliable to you.

3) regarding entrepreneurial teams. both team members should hold PSW to qualify for £50 000 requirement. if one team member doesn't hold PSW he is liable to confirm funds of £200 000.

Plus, ideally both team members should be applying together. So, it is unlikely that you can apply with a memeber out of uk, as in this case he will be required to make his own application.

hope this will help somebody. I solved my questions.

[saeedusman]

I was in touch with UKBA office today and they confirmed that in my case


1) if I opened company it the beginning of May 2012 and applying in beginning of June 2012 it is fine, they require current companies house report to confirm my appointment as a director.

2) funds avaliable can be on your personal bank account as well as on you company bank account, it doesn't really matter as you show that this funds are avaliable to you.

3) regarding entrepreneurial teams. both team members should hold PSW to qualify for £50 000 requirement. if one team member doesn't hold PSW he is liable to confirm funds of £200 000.

Plus, ideally both team members should be applying together. So, it is unlikely that you can apply with a memeber out of uk, as in this case he will be required to make his own application.

hope this will help somebody. I solved my questions.

Nice updates mate.

So it means £50k can be shared with two members (provided both on PSW and meet other requirements)?

[Humv]

Hi All,

I am having problems getting Bank letter having same tamplate as UKBA has provided in Policy guidance,
According to the Policy guidance

Each letter must also confi rm each of the following details:
• that the institution is regulated by the appropriate body;

• the name of the applicant, or both applicants if they have formed a entrepreneurial
team;
• the date of the document;

• the amount of money available from the applicant’s own funds (if applicable) that are
held in that institution;

• the amount of money available to the applicant, or the business that they are running,
from any third party (if applicable) that are held in that institution;
Tier 1 (Entrepreneur) Policy Guidance page 17 of 53

• the name of each third party and their contact details. These must include their full
address including postal code, landline phone number and any email address;

• that if the money is not in an institution regulated by the FSA, the money can be
transferred into the United Kingdom.



My sponsor is my father and he has money in his account in Pakistan. But bank said they can not follow the template and can only issue a letter confirming the account holders details , amount and that he can use money anywhere he wants.

Bank said letter from third party is enough to confirm the rest of the details?

I am really confused I dont know what to do?

Could anyone advice please what is the best solution?

Many Thanks.

[Mag8891]

Humv
...

They also say that it is possible to provide bank statement covering the required period of 90 days, so I think it is something you can get as well. If it is online statement should be stamped on each page. I also asked to attach bank's slip with address and phone number, signed on every page and provide the contact name to verify all the details. I think more different evidence you attach is the better to avoid questions.

on third party's letter you can give detailed explanation of documents attached. f.e. if you if the letter from the bank doesn't have some details that are on the bank statement you can mention this, I guess.

[Greenie]

Humv
...

They also say that it is possible to provide bank statement covering the required period of 90 days, so I think it is something you can get as well. If it is online statement should be stamped on each page. I also asked to attach bank's slip with address and phone number, signed on every page and provide the contact name to verify all the details. I think more different evidence you attach is the better to avoid questions.

on third party's letter you can give detailed explanation of documents attached. f.e. if you if the letter from the bank doesn't have some details that are on the bank statement you can mention this, I guess.

for the funds available for investment a letter and not a bank statement must be provided if the funds are held in an overseas account. See para 100 of the policy guidance.

[onewin]

Team,

Please help me … I am confuse.

Background :
I am currently in UK with PSW visa, which is expiring in June 2012.
I am currently working fulltime in IT but my employer is not ready to Spencer me.
I have 50k pounds to invest in business now.

Issue :
When I check online the point calculater I am able to score 75 points for funds, and 10 points for English language and 10 points for maintenance of fund.

But when I try to collect those points from form I am able to secure only 50 points from Page 35 : H and J points. As per form version 04/12NoPoints are given on page 28 G. Attributes
Then I checked the old version version 02/12 form.
On page 28 for G. Access they gave 25 points.

Please advice me on this.
How to score missing 25 points.

Thanks in advance.

[luqmanzaheer]

Humv
...

They also say that it is possible to provide bank statement covering the required period of 90 days, so I think it is something you can get as well. If it is online statement should be stamped on each page. I also asked to attach bank's slip with address and phone number, signed on every page and provide the contact name to verify all the details. I think more different evidence you attach is the better to avoid questions.

on third party's letter you can give detailed explanation of documents attached. f.e. if you if the letter from the bank doesn't have some details that are on the bank statement you can mention this, I guess.

please dont confuse others there is no 90 days limit on bank statement for investment funds. if you have funds in your account even you have bank statement of one week thats fine all you need bank latter confirming funds and funds are disposable to you thats it . only Maintenance funds need to b 90 days in account ok if you have any comment on this plz share

[Mag8891]

sorry for any confusion, of cause I was talking about maintenance funds requirement, not investment funds!

[luqmanzaheer]

hi friends i need your comments on this point. i am 50% of share holder of a private limited company and i have 50000 pound in my person account. my question is, am i need to show this investment as director loan to the company or i dont need any kind of documentation on this investment because this amount is in my personal account and i am going to invest this in future. what i need to do in this situation please help me

[kawshik84]

Dear Rabeel, thanks for correcting me …

I also enquired this with a solicitor … so all we have to do is

a)Register company as self-employee or as a director within 3 months before applying for visa b)Access to £50000 c) Maintenance fund d) English lang







Dear MILI if you read on application form page 31 carefully it says:

If all the evidence of investment funds has now been provided, go to H.
If some of the funds have already been invested in a UK business, continue at G11.

And all required things you are talking about comes in G18 to G23 but if you can show evidence of investment funds we do not need to fill G11 to G23 part and can go straight to section H. Please read things carefully before saying someone that you are wrong. I hope you will understand this time.

[/quote]



Hi,

When I am reading page 31 it says group d applicants have to full-up section G. Section G is therfore required for people switching fom PSW. Please correct me if I am wrong.

[onewin]

Please some one can advice me how to claim 75 Points in case of current PSW > Entrepreneur

50 points from Page 35 : H and J points is easy to claim.
But how to claim remaining 25 Points.

[rabeel]

Please correct me if I am wrong.

UKBA has corrected the form now ...so yes group d applicants now need to fill section G as well.

[onewin]

If I am under ground D (as per page 28) then I am suppose to fill the section G (from page 28 to page 35), but no points are alocated for this section.

Only points avaliable are section H and J on page 35.
Which is only 50 points in total.

I am not sure how to claim other points.

Request you to correct me on this.

[onewin]

If I am under ground D (as per page 28) then I am suppose to fill the section G (from page 28 to page 35), but no points are alocated for this section.

Only points avaliable are section H and J on page 35.
Which is only 50 points in total.

I am not sure how to claim other points.

Request you to correct me on this.

Some one please advice me on this.

[Mag8891]

I simply filled G section to claim 25 points.

[onewin]

I simply filled G section to claim 25 points.

Guys

thats what my question is.

according to new form (04/12) no Points are given to the section G.

But in the old version of the form 25 points are given to section G.

So how to claim these points now.

[rabeel]

I simply filled G section to claim 25 points.

Guys

thats what my question is.

according to new form (04/12) no Points are given to the section G.

But in the old version of the form 25 points are given to section G.

So how to claim these points now.

dont worry dear as far as you will fulfill relevant things in section g you will get points for it.