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Can I invest money for business growing outside of UK?

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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IGisele
Newly Registered
Posts: 6
Joined: Mon Oct 06, 2014 12:43 am

Can I invest money for business growing outside of UK?

Post by IGisele » Thu Oct 09, 2014 7:56 pm

Dear friends, I have a question and I really need your help!

I have applied the 200k Tier 1 Route. Due to HO requirement, I need to invest all my money within three years. Since my business targets two market both UK and China. Can I invest part of the 200k in China?

Will this meet the HO Requirement?

Thank you so much!

attahaas
Member
Posts: 236
Joined: Tue Jul 01, 2014 4:33 am
Location: LONDON, UK
India

Re: Can I invest money for business growing outside of UK?

Post by attahaas » Fri Oct 10, 2014 5:07 am

You have the UK Tier 1 Entrepreneur visa and it seems you have no clue WHY the UK provides this visa.

Coming to answer your question - both YES and NO!

First the NO part. You can't split the investment and "directly" invest your money (within the 200K) in another country outside UK under this visa. If you have extra money, then no one cares.

YES, if you can invest the entire money in your UK business first and then show an 'expense' as if you are importing something (need not be a material product, could be a service too) from China. That way you can send the money there THROUGH your UK business to China or any other country. Of course, you have to satisfy all the other requirements (2 full-time jobs for 12 months in UK) for the extension too.

For more professional advice, talk to an accountant and an import-export specialist in the UK to see how you can do that (you need to be very careful about international business law concerning UK).

(If you need any help or advice with the China part, you can email me at krishna9780@hotmail.com. I lived there for a few years, have very good contacts and am doing import-export business.)
•12-Feb-2015: Applied online (Team), 200K, India
•13-Feb-2015: Submitted documents and biometrics
•25-Feb-2015: Received email saying that they need more time
•03-Mar-2015: Interviewed separately
•05-Mar-2105: Received docs and passport with visa stamped!

legalkhan
Member
Posts: 201
Joined: Thu Jul 03, 2014 11:25 pm
Pakistan

Re: Can I invest money for business growing outside of UK?

Post by legalkhan » Fri Oct 10, 2014 8:55 am

Do u know u can stay 180 days out of u.k for business purposes, if your head quater remain in u.k then no problem but all ur required investment must have been made in u.k 1st.

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