£50k route

[Jake1989]

Hi guys,

I have a few questions and I will appreciate if you can help with useful information.

1. In the £50k route, do you still need to employ 2 full time workers or can you choose to work on your own ?

2. Can the £50k be in the account of a third party abroad ?

[Olasunkanmi]

@ Jake1989,

1. In the £50k route, do you still need to employ 2 full time workers or can you choose to work on your own ?

The condition of getting extension after first 3yrs visa is to show investment of 50k and also to employ 2 full-time workers apart from yourself.

2. Can the £50k be in the account of a third party abroad ?

Yes, you can use third party account from anywhere as long as you get all the required documents according to HO specification.

[Jake1989]

Thanks a lot Olasunkanmi,

I've been on a tier 4 visa for let's say 7 years and when I do get the Tier 1 visa for 3 years, I'd have been here for 10 years.

Would I then be applying for the ILR or renewing the tier 1visa after this period of 10 years ?

[cpmlkhan]

Thanks a lot Olasunkanmi,

I've been on a tier 4 visa for let's say 7 years and when I do get the Tier 1 visa for 3 years, I'd have been here for 10 years.

Would I then be applying for the ILR or renewing the tier 1visa after this period of 10 years ?

Hello Jake,

1st of all you can not apply £50K Tier 1 Entrepreneur from student tier 4. only can apply through VCF.
2nd, Yes if you complete your 10 years tenure before Tier 1 Entrepreneur extension you can apply straight for ILR. OR both comes together then you can do either.

[Jake1989]

[quote="
Hello Jake,

1st of all you can not apply £50K Tier 1 Entrepreneur from student tier 4. only can apply through VCF.
2nd, Yes if you complete your 10 years tenure before Tier 1 Entrepreneur extension you can apply straight for ILR. OR both comes together then you can do either.[/quote]

Thank you so much for the reply, really helps to know that I have to get my funds from a VCF.

How can I send a PM on this platform ? I've tried a few things but I'm still not able.

[cpmlkhan]

[quote="
Hello Jake,

1st of all you can not apply £50K Tier 1 Entrepreneur from student tier 4. only can apply through VCF.
2nd, Yes if you complete your 10 years tenure before Tier 1 Entrepreneur extension you can apply straight for ILR. OR both comes together then you can do either.

Thank you so much for the reply, really helps to know that I have to get my funds from a VCF.

How can I send a PM on this platform ? I've tried a few things but I'm still not able.[/quote]


Hello Jake,

Due to new on this forum you are unable to receive pm. after 1 month time all will be normal to you but i think you can send pm to others who's joined more than 1 month ago.

[nothappywithukba]

@jake,

Sunkanmi is right in is summations.

@sunkanmi

My name is Ola, can you pls contact me biolad2@yahoo.com. I need to discuss a case with you and also get some advice. Thanks a lot.

@ Jake1989,

1. In the £50k route, do you still need to employ 2 full time workers or can you choose to work on your own ?

The condition of getting extension after first 3yrs visa is to show investment of 50k and also to employ 2 full-time workers apart from yourself.

2. Can the £50k be in the account of a third party abroad ?

Yes, you can use third party account from anywhere as long as you get all the required documents according to HO specification.

[Olasunkanmi]

@ nothappywithukba, you can use the PM option on this forum.