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There is no requirement to set up your legal entity before the visa application. Whether you do or not is entirely up to you as there is no assurance you will be granted a visa at all.
Opening a business bank account is the decision of the bank. Generally the local banks are reluctant to open business accounts with non-resident shareholders because of the strict verification requirements imposed on them.es2017 wrote: ↑Sat Oct 21, 2017 7:48 amb. If the answer to (a) is yes, can we open a business bank account to transfer funds and eventually pay initial franchise fees?, if the answer to (a) is no, can one of the two partners process the franchise fee from his personal account? Would this be accounted for as part of the investment?
Read the guidance - it is very clear that any investment where the money goes to the previous owner is not considered an investment.
Are you planning to apply as a team or as two separate applicants ? If you are applying as a team then the total investment needed is only 200K and can share the jobs created. If you are applying separately, your partner can still join later but need to have 200K each and a total of 4 jobs created.es2017 wrote: ↑Sat Oct 21, 2017 7:48 amd. My partner is an Iranian citizen and I assume that prior to the issuance of a T1 visa, he would not be able to open a bank account in the UK due to the restrictions applied by UK banks. Can I be the only director of the legal entity being setup at the initial phase and fund it to the level of 200K and once my partner gets his T1 visa, I can add him as a partner and increase the capital to 400K? Is this possible. If yes, can you advice me on what to consider or watch for to ensure full compliance?
This has nothing to do with immigration rules.
No, the travelling in itself is not an issue under the immigration rules and for T1E applicants, there is no need to explain absences.es2017 wrote: ↑Fri Feb 23, 2018 7:56 amHi there,
I have a question on frequent traveling.
I am traveling more than 40 times out of UK in a given 12 months. However my total number of days out of UK is less than 180 days. Will this be a problem when I request for my extension of tier 1 visa and/or my ILR application?
Do I need to provide an explanation for my frequent trips if I have not exceeded my 180 days?
Thanks.
Of course, there is no reason why it should not.es2017 wrote: ↑Fri Oct 26, 2018 11:12 amGood morning,
I have recently moved into the UK under a Tier 1 Entrepreneur Visa. I have already established my company and registered with HMRC as a self employed (director).
I have already spent around £40,000 on agreements, solicitors, accountants, architects, and other business expenses as part of my setup to operate a franchise business. However, I have reached a point where I am about to take a decision to withdraw from the current project and start with a different franchisor. The new project is expected to cost me around £160,000.
My question is: Will the amount I have already spent for the 1st project which is gone to a waste is eventually considered as part of my overall 200,000 that I have to demonstrate at the renewal time?
Thanks,
- Yes, you can combine more than two staff to complete 30 hrss/week (not sure what the 60 hours is)es2017 wrote: ↑Wed Dec 16, 2020 1:01 pmHi,
I am preparing all the paperwork for my visa extension which will be due soon. I have setup a hospitality business and have employed several employees on zero-hours contract as it is the industry norm. I have defined the job roles which have been created as (Team Member) and the salaries are being processed on bi-weekly basis. Therefore, I have created a table listing job no.1 as (Team Member 1) and job no. 2 as (Team Member 2). I ensure that each pay cycle, I have evidence that one or more staff have covered 60+ hours to ensure that it is the equivalent of a full time.
I have two queries which I would appreciate if you can help me with:
- Can I combine more than two staff to complete the 60 hours on my table?
- One of the staff members I have employed was an Italian national who was studying in the UK and I have a copy of her Italian ID but not the passport. Is that going to be a problem? She is no longer residing in the UK and is no longer responding to her emails. Please note that she had a National Insurance Number which I have a record of.
Thanks
It is any one of the documents listed in the guidancees2017 wrote: ↑Wed Dec 16, 2020 1:35 pmThanks marcnath.
The 60hours refers to a two week cycle as per my payroll. (30hours X 2).
As for the documents required for Italian national, is it right to assume that I would need the passport copy as well as a UK registration ID (BRP)? or does the national insurance number count as a registration?
On another note, for a British national, is the birth certificate enough as a proof of identity?
best of luck on the extension. would be great if you can share the outcome and any advise you have for us who plan their extension applicaiton once you have it approved.es2017 wrote: ↑Wed Dec 16, 2020 1:01 pmHi,
I am preparing all the paperwork for my visa extension which will be due soon. I have setup a hospitality business and have employed several employees on zero-hours contract as it is the industry norm. I have defined the job roles which have been created as (Team Member) and the salaries are being processed on bi-weekly basis. Therefore, I have created a table listing job no.1 as (Team Member 1) and job no. 2 as (Team Member 2). I ensure that each pay cycle, I have evidence that one or more staff have covered 60+ hours to ensure that it is the equivalent of a full time.
I have two queries which I would appreciate if you can help me with:
- Can I combine more than two staff to complete the 60 hours on my table?
- One of the staff members I have employed was an Italian national who was studying in the UK and I have a copy of her Italian ID but not the passport. Is that going to be a problem? She is no longer residing in the UK and is no longer responding to her emails. Please note that she had a National Insurance Number which I have a record of.
Thanks