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Tier 1(E) 50K- VISA approved

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2

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liefers921
Newly Registered
Posts: 8
Joined: Wed Apr 02, 2014 9:59 pm

Tier 1(E) 50K- VISA approved

Post by liefers921 » Sat May 24, 2014 7:33 pm

Hi guys,
Just wanted to say thanks for this super helpful place with lots generous people sharing information and suggestions.
I have got the approval letter with docs. Here to share my process time and information.
Applied via 50K route(PSW), self-employed with proof of overseas funds( under my name).
No interview and no solicitor: I almost went for one among some choices due to the fact my PSW visa was gonna expired within 3 weeks, and I wanted to have a proper representative to get it right with a formal cover letter.
But they were just wanting to double the charges even I have prepared all the docs soundly. In the end, I decided to make great effort by myself to prepare the supporting docs and did find a lot of useful information here.
I think people shared information about how they approached by themselves encouraged my to believe that I could make it without solicitor. So, I would like to share my experience for the application to give people confidence, who prepare by themselves.
As some people already said, it is better to read all the details in the guidance/ application form by ourselves cuz not guaranteed every solicitor knows it better than us( one friend used solicitor but still got asked to provide further docs.)
Also I want to suggest that the more evidences we provide( even they are optional), the better we present our business well.

Here are my processing times:
Application accepted date: 30 April, 2014 (the day my PSW expired)--not a good example. It is suggested to apply 1 month before
Biometrics Letter:1 May, 2014
Biometrics Submitted:7 May, 2014
Visa Approved:19 May, 2014
Letter Received with supporting docs: 23 May, 2014( Royal Mail)
BRP Card:23 May, 2014( waiting for DX courier to redeliver)

Thanks for everyone contributing.
Good luck to everyone applying.
:D
HS.

User avatar
aby00156
Member of Standing
Posts: 283
Joined: Mon May 19, 2014 11:38 pm
Mood:
India

Re: Tier 1(E) 50K- VISA approved

Post by aby00156 » Sat May 24, 2014 8:10 pm

Can you list all the documents that you submitted. AS I am also planning to apply within next 2 weeks.
So verily, with every difficulty, there is relief.

Sohail Alvi
Junior Member
Posts: 50
Joined: Sat May 24, 2014 11:09 pm
Pakistan

Re: Tier 1(E) 50K- VISA approved

Post by Sohail Alvi » Sat May 24, 2014 11:21 pm

Congrats. Gud news. Pls share the docs you use.

thanks and regards,

Alvi

liefers921
Newly Registered
Posts: 8
Joined: Wed Apr 02, 2014 9:59 pm

Re: Tier 1(E) 50K- VISA approved

Post by liefers921 » Sun May 25, 2014 11:00 am

Hi Alvi,
I am happy to share with you the list:
1. Tier 1 Entrepreneur Application x1
(Enclosing identical passport-size photograph x2)

2. Official Identification Documents
-Current passport x1 and previous passport x1

3. Self-employment document
-Original welcome letter from HMRC x1

4. Available funds for investment documents
-Original bank letter made by my overseas Bank x1
(Holding £xxxxxx, with the confirmation that the money can be transferred into the UK.)
- Financial Supervisory Commission (financial regulator) webpage printout x1
- International Organization of Securities Commissions (IOSCO) webpage printout x1

5. English Language requirement documents
-Original Master’s Degree Certificate x1
-Copied Academic Transcript x1

6. Maintenance (Funds)
-Personal bank statements covering a consecutive 90 day period x1
-FCA/PRA website printout showing xxxx Bank is regulated x1

7. Business Activity documents
-Business Plan (including market research and financial projections) x1
-Business owner’s Curriculum Vitae x1
-Confirmation of the ownership of business’ website x1
-Business website printout x1
-Online advertising printouts x3
-Social media marketing webpage printouts x2
-Business card x1

8. Trading Activity documents
-Contract x 2
-Email Correspondence with potential client x1
-Past earnings summary and proofs x1

Hope this helps,
Good Luck,
HS.

samaygrg
Senior Member
Posts: 607
Joined: Sun Jun 10, 2012 12:12 am
Location: United Kingdom

Re: Tier 1(E) 50K- VISA approved

Post by samaygrg » Sun May 25, 2014 3:38 pm

congratulations. :)

kayess1984
Member
Posts: 117
Joined: Wed Feb 19, 2014 8:40 am

Re: Tier 1(E) 50K- VISA approved

Post by kayess1984 » Mon May 26, 2014 7:12 am

Congratulations!
If you don't build your dream, someone else will hire you to build theirs!

liefers921
Newly Registered
Posts: 8
Joined: Wed Apr 02, 2014 9:59 pm

Re: Tier 1(E) 50K- VISA approved

Post by liefers921 » Mon May 26, 2014 7:14 pm

Guys!Thank you!
:)

HS

Oxteen3065
Newly Registered
Posts: 22
Joined: Sun Jun 01, 2014 5:41 pm
Bahrain

Kindly assist!

Post by Oxteen3065 » Sun Jun 01, 2014 5:54 pm

Hi,

I am considering making my tier 1 application soonest. Initially I was working with someone and we opened a joint bank account but i now want to go solo because his circumstances has recently changed. However, do i now use my own bank account or it is better to open a business account? inputs pls..

E.

liefers921
Newly Registered
Posts: 8
Joined: Wed Apr 02, 2014 9:59 pm

Re: Tier 1(E) 50K- VISA approved

Post by liefers921 » Tue Jun 03, 2014 10:21 am

Hi,
In my case, I don't have any business account as I am self-employed.
My earnings went in personal account.
So I think it is not necessary.
Hope this helps.
H

Qasar Daniel
Junior Member
Posts: 61
Joined: Thu Feb 27, 2014 11:30 pm

Re: Tier 1(E) 50K- VISA approved

Post by Qasar Daniel » Thu Jun 05, 2014 8:37 am

HI Liefers 921
Can you please advise me about financial projections, its content and how to do it...I have studied finance as minor in MBA subjects. Can you please advise me without using any accountant or I must need any accountant. Any advise will be highly appreciated. thanks
with best regards.
Daniel

liefers921
Newly Registered
Posts: 8
Joined: Wed Apr 02, 2014 9:59 pm

Re: Tier 1(E) 50K- VISA approved

Post by liefers921 » Fri Jun 13, 2014 12:13 pm

Hi Daniel,
I didn't use any sophisticated approach. For the financial projection, I prepared the followings:
1st year cash flow,
5 -year profit projection chart,
5 -year turnover projection chart,
3-year Income/ Expense projections,
Break Even Analysis,

Strongly recommend you to have a look the website for the financial report.
http://www.princes-trust.org.uk/need_he ... lates.aspx
There are also many resources to explore.
Hope this helps.
Good luck!

HS

Qasar Daniel
Junior Member
Posts: 61
Joined: Thu Feb 27, 2014 11:30 pm

Re: Tier 1(E) 50K- VISA approved

Post by Qasar Daniel » Sat Jun 14, 2014 12:36 pm

HI Liefers 921
Thanks for your reply about financial projections.
Can you also advise me our company information, on website Company house, that what information should have, like some one told me it should have SOC code and my services... Can you advise me about this and how to do this.
Thanks
Regards,
Daniel

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