Hi All,
I'd like to hear your views on the UKBA policy for Tier 1 Entrepreneur using £50K from a venture capital firm.
In theory, to get the visa, you only need to prove that a legitimate VC is WILLING to invest £50K in your business. You don't actually need to show their money in your business account.
Say that I get the visa, but never take the money from the VC. Would it be possible to then go and invest £50K of my own money in my business during the first 3 years, and when the time comes to extend it, show the UKBA that £50K have indeed been invested? I haven't seen anywhere in the guidance that you need to show that this money was RECEIVED from the VC.
What are your views?
Many thanks,
Alex
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