Hey Guys, I applied for Tier 1 Entrepreneur Visa on 1st March, had my interview on 25th March and still haven't heard anything back. Don't really know what is taking them so long after the interview has been conducted.
Many thanks for your reply. My query is that as now I am purchasing the business from the head office for £175,000 which includes all the current agreements of lease, fixtures and fittings and stocks, does this money count towards 'INVESTED MONEY''? I will be showing the rest £25,000 as marketing an...
Also, did you get the visa? and if yes then what way did you apply? Did you take over the existing franchise or did you join the current franchisee and became 50% director/shareholder and then invested £200,000 in that companies accounts?
Well I am going to tell the case worker that I am purchasing the business from the head office and not the owner. I had a meeting with the head office of the franchise and they have agreed for me to take over the current franchise and once I go to the UK, will be transferring the money to the head o...
Many thanks for your prompt replies. So you mean to say that it does not matter if I maintain £200,000 in specifically one of my account? As I transferred the funds from Rupee Account (where money was kept for 8 months) recently to GBP account (where money is held now for 15 days) the funds are held...
In continuation to my previous reply, as I am not maintaining the money in my GBP Account where the money was transferred 15 days ago, but I will be providing evidence of my Rupee account from where I transferred money to this GBP account, will it be fine? Like would this be considered that I have h...
As you mentioned: ''You will need to show that you had the money for the entire 90 days and that you are continuing to have the money. So, you will have to submit evidence of both your Rupee account and GBP account. If the money has been in your personal account for 90 days, there is no need to prov...
As you mentioned ''At any application stage, whether initial or extension, HO can ask any questions they want to. If you already have the agreements with Franchisor now, they can ask you for that. But if you don't, then they can only ask you for those at extension. So, yes, they can ask you whether ...
As you said, ''If they ask, it will be as part of your extension application. HO can't just randomly ask you for documents.'' -This means that if I apply now and show that I will be transferring money to the Head office of Muffin Break and not the franchisee, then they can question me now as to whet...
As you have mentioned '' whether HO will figure that out is a different question since the books will only show transfer to the Franchisor. Obviously they can ask for other documents such as your franchise agreement, etc. and if it shows up somewhere then they will discount the amount.'' they can as...
Hello Marcnath, Thanks a lot for your prompt reply. Indeed the head office will transfer the money to the previous owner but do you think that is of my concern? As long as I am not transferring the money directly to the previous owner, don't you think it makes sense? Furthermore, in order to join th...
Hello Guys, I am applying for Tier 1 Entrepreneur Visa and need a bit of a clarification. I have access to £200,000. Recently I was on a Business Visit in the UK and explored several options for the business and finally decided to take over an existing franchise known as Muffin Break? My query is th...
