I was under the impression that in order to qualify for ILR under the Tier 1 Entrepreneur visa we simply needed to meet the requirements of that visa only once, the main ones being:
+ creating two new full-time jobs in the first 3 years
+ investing the required funds in the first 3 years
After that, we then apply for the two-year extension. It is during this extension I thought we were just waiting out the time until we can apply for ILR (having met the previous T1E requirements).
However, in the new guidance (dated Nov 06, 2014) there now appears a new sub-heading called "Further extensions and ILR applications" on page 76. This section states (bolded emphasis mine):
So does this mean that even though we created two new full-time jobs under our initial T1E visa, if those jobs no longer exist we need to create an additional two new full-time jobs during our two year extension period?Further extensions and ILR applications
If the applicant‘s last grant of leave before the current grant was as a Tier 1 (Entrepreneur) (for instance, they are applying for a second extension):
+ they do not need to demonstrate that they have created two more full-time paid jobs, in addition to the two jobs created during the initial period of leave, if the two full time positions created in the initial period of leave were maintained, or
+ if the jobs from the initial leave no longer existing, they must show they have created two new jobs which have existed for at least 12 months.
For ILR applications, the same criteria apply unless the applicant is applying under the accelerated ILR route.
Thanks for any help. I am so confused now.