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What if you pay for the stock and fixtures and fittings. Not pay royalty etc change the rental lease on your nameGLL wrote:I have seen many posts on this forum with regard to the confusion that UKVI caused with introduction of what they will not count towards investment made in the business and in particular the queries with regard to purchasing leasehold businesses and goodwill.
UKVI will not accept as investment the money you spend on purchasing leasehold businesses and goodwill where the money will go to the previous owner.
The suggested way to purchase the businesses is to partner with an existing owner and invest in the existing business, provided that such business is structured as an incorporated entity (ie a company) and you will be acquiring part in its share capital.
If you have made your investments and purchased leasehold businesses and goodwill from the previous owners before the clarification was introduced you should be fine, as the immigration rules do not have retroactive effect. However I do suggest that you make a review of your investments before your visa extension to see whether you could restructure them in a way that would be compliant with the current rules.
Please PM if you require more information or contact me at email details removed - advertising not permitted on this forum
Any money that goes to the previous owner is not considered as investment.shuja1979 wrote:I want to ask one thing that I am interested to buy a business in Birmingham the name of dixy chicken.
This is lease hold property the person who is selling this business asking 150000 altogether for this business.
can I buy this business ? As I am in entrepreneur visa.
this 150000 is not totally a goodwill .
1. He rebuild this shop to dixy standard layout. Like change
floor , roof, wall papers , counter .
2. New machines
3. He paid 15000 for franchise
He started this business one year ago. He had some of the bills of renovation. Some machines bills .chain fees @15000
Can I buy this business ? If he gave me all the bills of his expenses carried out in this shop ?
Can this business comes in my investment ? Any body please help me
Is this your understanding of policy or you have got this confirmation from HO ?GLL wrote:I have seen many posts on this forum with regard to the confusion that UKVI caused with introduction of what they will not count towards investment made in the business and in particular the queries with regard to purchasing leasehold businesses and goodwill.
UKVI will not accept as investment the money you spend on purchasing leasehold businesses and goodwill where the money will go to the previous owner.
The suggested way to purchase the businesses is to partner with an existing owner and invest in the existing business, provided that such business is structured as an incorporated entity (ie a company) and you will be acquiring part in its share capital.
If you have made your investments and purchased leasehold businesses and goodwill from the previous owners before the clarification was introduced you should be fine, as the immigration rules do not have retroactive effect. However I do suggest that you make a review of your investments before your visa extension to see whether you could restructure them in a way that would be compliant with the current rules.
Please PM if you require more information or contact me at email details removed - advertising not permitted on this forum
In my opinion if you buy the equipment from the previous owner and don't pay the previous owner goodwill you should be okMTZ510 wrote:Is this your understanding of policy or you have got this confirmation from HO ?GLL wrote:I have seen many posts on this forum with regard to the confusion that UKVI caused with introduction of what they will not count towards investment made in the business and in particular the queries with regard to purchasing leasehold businesses and goodwill.
UKVI will not accept as investment the money you spend on purchasing leasehold businesses and goodwill where the money will go to the previous owner.
The suggested way to purchase the businesses is to partner with an existing owner and invest in the existing business, provided that such business is structured as an incorporated entity (ie a company) and you will be acquiring part in its share capital.
If you have made your investments and purchased leasehold businesses and goodwill from the previous owners before the clarification was introduced you should be fine, as the immigration rules do not have retroactive effect. However I do suggest that you make a review of your investments before your visa extension to see whether you could restructure them in a way that would be compliant with the current rules.
Please PM if you require more information or contact me at email details removed - advertising not permitted on this forum
I will appreciate if you can share the correspondence with HO if any for our benefit.
We are assisting Tier 1 Entrepreneurs setting up businesses and investing in existing UK businesses and clarified the above with our immigration solicitors and HO as well, as we had a number of cases where our clients purchased businesses such as hotels and we had to ensure that the clients had additional £200k for investment on top of the purchase price. I hope this answers your question.MTZ510 wrote:Is this your understanding of policy or you have got this confirmation from HO ?GLL wrote:I have seen many posts on this forum with regard to the confusion that UKVI caused with introduction of what they will not count towards investment made in the business and in particular the queries with regard to purchasing leasehold businesses and goodwill.
UKVI will not accept as investment the money you spend on purchasing leasehold businesses and goodwill where the money will go to the previous owner.
The suggested way to purchase the businesses is to partner with an existing owner and invest in the existing business, provided that such business is structured as an incorporated entity (ie a company) and you will be acquiring part in its share capital.
If you have made your investments and purchased leasehold businesses and goodwill from the previous owners before the clarification was introduced you should be fine, as the immigration rules do not have retroactive effect. However I do suggest that you make a review of your investments before your visa extension to see whether you could restructure them in a way that would be compliant with the current rules.
Please PM if you require more information or contact me at email details removed - advertising not permitted on this forum
I will appreciate if you can share the correspondence with HO if any for our benefit.
cappachino wrote:
Any money that goes to the previous owner is not considered as investment.
I suggest you buy the equipment from the previous owner.