tier 1 rules change ( big trouble for new applicant)

[pukhtoonyar]

is that true tier 1 rules is change on 8 may
follow the link plz
You can apply if your investment funds come from either:
a venture capital firm registered with the Financial Conduct Authority (FCA)
a UK entrepreneurial seed funding competition endorsed by UK Trade and Investment (UKTI)
a UK government department making funds available for the purpose of setting up or expanding a UK business

Your investment funds can’t include:
your own money 

money from any other third parties

You can combine money from 1 of the 3 sources above but not from other third parties or with your own money.
https://www.gov.uk/tier-1-entrepreneur/ ... ment-funds

[Momi]

I think you got it wrong. You need to read it carefully. Nothing has been changed.
There are 4 options and one is PSW.
Read it twice. Lol

[pukhtoonyar]

Your investment funds can’t include:
your own money 

money from any other third parties
can u explain me what is this lol

[Momi]

If you are on PSW then you can use third party or your own funds but you must have registered company and your company must be active.
Other than PSW you must, you must £150k of your own or third party but you must have venture capital firm or company to sponsor rest of the money, which is £50k.
Hope it will be clear.

Read the 1st paragraph:

4. Access to £50,000 investment funds
You can apply if you have access to £50,000 in investment funds and meet the conditions of one of the following categories.
Apply as a former Tier 1 (Post-study worker)


You can apply if you:

are applying to change (switch) your visa (‘leave to remain’)
have or were last granted a visa or leave to enter the UK as a Tier 1 (Post-study worker)
have registered as a director of a business or as self-employed in the 3 months before you apply
are working in a job on the list of occupations at the National Qualifications Framework level 4 and above

[pukhtoonyar]

You must have access to £50,000 investment funds from either:
a venture capital firm registered with the FCA
a UK entrepreneurial seed funding competition endorsed by UK Trade and Investment (UKTI)
a UK government department making funds available for the purpose of setting up or expanding a UK business

Your investment funds can’t include:
your own money 

money from any other third parties

You can combine money from 1 of the 3 sources above but not from other third parties or with your own money.

[BlackBirdSSG]

Options Available:

PSW : £50K (own funds, 3rd Party, or UK based Financial Funding coming from Venture Capital, Entrepreneur Seeding Competition or UK Govt) or 200K

T2 : £200K or £50K (UK based Financial funding coming from Venture Capital, Entrepreneur Seeding Competition or UK Govt)

T4 : £50K (UK based Financial funding coming from Venture Capital, Entrepreneur Seeding Competition or UK Govt)

- £200K route does not have NQF Level 4+ restriction
- Funding coming from UK based Financial Funding does not have NQF Level 4+ restriction

[Ozzi]

If you are on PSW then you can use third party or your own funds but you must have registered company and your company must be active.
Other than PSW you must, you must £150k of your own or third party but you must have venture capital firm or company to sponsor rest of the money, which is £50k.
Hope it will be clear.

Read the 1st paragraph:

4. Access to £50,000 investment funds
You can apply if you have access to £50,000 in investment funds and meet the conditions of one of the following categories.
Apply as a former Tier 1 (Post-study worker)


You can apply if you:

are applying to change (switch) your visa (‘leave to remain’)
have or were last granted a visa or leave to enter the UK as a Tier 1 (Post-study worker)
have registered as a director of a business or as self-employed in the 3 months before you apply
are working in a job on the list of occupations at the National Qualifications Framework level 4 and above

Hi just want to clarify what you mean by company be active do i have to show that my company is running or just need to advertise, i am a bit confused.
thanks

[unto1]

@ Ozzi when are you applying. Inbox me.