Hi,
I have gone through the guidance and also lot of threads on this here. But still i am unable to get a clear cut confusion cleared:
1 - I am on Tier 2 ICT visa - Main applicant -
so can i switch to Tier 1 Ent in country ? from what i read i think yes.
2 - If i invest in an existing business for 50k cash ? Can i go through 50k route ?-
I am not buying an existing one . I am investing an already running business.
3- If the answer is no to above. Then according to the new business defination. I can start a business and invest 50k in it. Run it as director (allowed 20 hrs per week under my Tier 2 ICT leave).
Can i go for the 50k T1 e route on this ?
I know 50k route is mainly under strict condition but the below line is the base of above queries :
You can also apply if you’ve already invested £50,000 in a UK business. You must have invested the funds less than 12 months before you apply.
https://www.gov.uk/tier-1-entrepreneur/ ... ment-funds
So is it like if you have got the funding of 50k from the sources mentioned on above link and invested that in last 12month but not applied for T1 e .. you can apply so ?
I am just =unable to get my head around on this.
thanks