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‘Investment in property development and property management’. The second half of this section has been re-written.
An applicant is permitted to invest in:
a company that is mainly involved in construction
a decorating business if they do not own the property being improved
a hotel, where the property is not being rented and guests don’t sign a tenancy agreement
an estate agency if they are not involved in letting the properties, or acting as
landlords.
The core principle is that the business income must be generated from the supply of goods
and/or services, not from increased property values or from rent.
Applicants may not invest in student accommodation management services.
What about the money made from the business can we spend the income in any way we want property or personal expenses.whiteroses wrote:From latest guidance for caseworkers (18th December)
‘Investment in property development and property management’. The second half of this section has been re-written.
An applicant is permitted to invest in:
a company that is mainly involved in construction
a decorating business if they do not own the property being improved
a hotel, where the property is not being rented and guests don’t sign a tenancy agreement
an estate agency if they are not involved in letting the properties, or acting as
landlords.
The core principle is that the business income must be generated from the supply of goods
and/or services, not from increased property values or from rent.
Applicants may not invest in student accommodation management services.
Try asking what restrictions if any are on the revenue or profit made from the business.whiteroses wrote:Just an update- My friend who is planning to apply for this visa emailed HO twice, and she asked whether all the investment has to be spent very clearly in both the emails. However, HO did not comment on the spending part both times, they repeated the same thing- that you must invest the 50K or 200K, and that it must be an unsecured loan, shares, etc.