Regarding creating 2 new positions, you can't sack the previous employees and employ 2 new workers in their position, and show you have created new positions. The UKBA is actually looking for a net increase of total number of working hours provided and not the number of people per se. If you sack 2 ...
I believe the key here is to make a contract where your business is getting paid and NOT you in person. Let them pay or issue cheque in favour of your business and not you. Then you can withdraw salary from the revenue generated. Makes things much simpler for extension. I am not sure if you have to ...
Thanks for the response attahaas, I realise that Franchise's can be purchased, but what I want to know is, is it allowed to purchase(buy) an independently owned small business that's already set up and doing well? Like for example, buying an independently owned corner shop off someone and then cont...
Is it ok to take over an already established business with the entrepreneur visa? I mean say I bought a business that is already established and already doing well or fairly well. Then I use the £200,000 to spend on this business, is this ok? Because an entrepreneur is defined as a person who estab...
It is stated that one of the requirements for an extension of the entrepreneur visa after 3 years is to employ 2 people for at least a year each on a fulltime basis. Now I've subsequently read that there is flexibility regarding this requirement. I've read that for example that instead of employing...
if your company is earning money, meaning from sale, then obviously salary(or any other business expense) will be from cash flow generated from operation(its not rocket science, ask any accountant or check google) however if in any month your company did not make enough or overall sale amount have ...
Hi, I applied for a Tier-1 Entrepreneur Visa and it was refused as Deception. I got all the required points for the application but I forgot to disclose my driving conviction a year ago as I though we doesnt need to disclose driving convictions. I was fined and banned for 6 months for driving on Pr...
Dear Attahaas, Many thanks for your useful information. I think I got my answer clearly. I will definitely update you with my investment process. I need another advise for choosing right company/person to do all requirements in regards of my Investment Procedure, to be eligible for Visa Extension. ...
Whether you pay salary to yourself or to your employees the salary is an expense which is charged to expense revenue summary or P &L account. I never heard an expense is an investment. The money you invest do not sit idle in account its used in operation and generate more money unless the opera...
you need to get contract of NQF 4 or above to apply. hi can anyone help me i m writing my business plan and wanted to know about how would i profile my competitors my SOC is 2423 I m trading via my pvt ltd company but the services i m providng at the moment are not NVQ level 4 or above so what can ...
hi can anyone help me i m writing my business plan and wanted to know about how would i profile my competitors my SOC is 2423 I m trading via my pvt ltd company but the services i m providng at the moment are not NVQ level 4 or above so what can i do regarding the 'contract' things, any way around ...
Hi krishna, There are two ways of acquiring a business, 1- Buying the whole business, 2 - Buying Assets of the business. If one is buying a limited company running the franchise then the money invested is paid to the share holder for selling the business, but if one only buys the assets of the fran...
HI, We have Entrepreneur Visa, Tire 1, 200k Investment in UK since 11/2013. We plan to buy a running franchise business in London with price of 120K. 1. Whether the amount of 120K which we pay to the seller of business will be considered as part of our 200K investment? 2. I am looking for an immigr...
Hello, I have another query. I am planning to visit UK for a month and assess the business possibilities myself in person there. So, I want to apply for a business visitor visa or a regular visitor visa. After coming back to India, I want to apply for the Entrepreneur visa. Business Visitor Visa: ht...
Hello Can some one please send me a link on guidance to investment please? I am not a account person but want to understand about the policy guidance so that there is no issue during the extension! Please do reply Hope this will help. Go to page 47 of the latest guidance: Tier 1 (Entrepreneur) Visa...
CONGRATS! The best resource to answer your questions is an Immigration lawyer based in the UK who has good experience with dealing Tier 1 (entrepreneur) visas. I am an aspirant for the Entrepreneur Visa, so my knowledge is at the moment from reading through the guidance docs. Having said that, from ...
Hello all! I am Krishna from India. I am a newbie on this forum, which looks like a friendly place to ask questions and share experiences. The senior forum members seem to be very friendly and generous with their responses and helpful comments. :) Before I start with my queries, a bit about my backg...
