Do I need to follow the advisor's advice?

[karlchen]

I got my tier1E a few month ago and after I came to UK, I found the company I want to invest was almost collapsed and I don't want to put my 200k investment into a dying company. But my advisor tell me in this case, I need to communicate with Home Office and apply for my visa again since I don't invest 200k into the company while I apply for t1e. Shall I apply for the t1e again or tell the home office I don't want to invest the company I used to apply t1e visa or just find a new 200k investment opportunity? Is there any rules to support the advisor's advice or maybe the advisor just want to make some money from me?

Thanks. Merry Xmas!!

Karl

[marcnath]

I got my tier1E a few month ago and after I came to UK, I found the company I want to invest was almost collapsed and I don't want to put my 200k investment into a dying company. But my advisor tell me in this case, I need to communicate with Home Office and apply for my visa again since I don't invest 200k into the company while I apply for t1e. Shall I apply for the t1e again or tell the home office I don't want to invest the company I used to apply t1e visa or just find a new 200k investment opportunity? Is there any rules to support the advisor's advice or maybe the advisor just want to make some money from me?

Thanks. Merry Xmas!!

Karl

Either the advisor is trying to make money from you or doesn't know what he/she is talking about. Either way, you should report the advisor to the HO.

The company that you indicated you wanted to invest in at the time of application has nothing to do with your actual investment. There is no requirement that you will follow even the business idea or business plan that was the basis of your T1E visa.

In fact, if you read the guidance properly, the HO does state in it that they understand Entrepreneurs may have to change business.

[PeterLove2008]

I got my tier1E a few month ago and after I came to UK, I found the company I want to invest was almost collapsed and I don't want to put my 200k investment into a dying company. But my advisor tell me in this case, I need to communicate with Home Office and apply for my visa again since I don't invest 200k into the company while I apply for t1e. Shall I apply for the t1e again or tell the home office I don't want to invest the company I used to apply t1e visa or just find a new 200k investment opportunity? Is there any rules to support the advisor's advice or maybe the advisor just want to make some money from me?

Thanks. Merry Xmas!!

Karl

Your advisor is trying to threaten you on this. Please read the guidance properly. You have the freedom to choose any business to invest, the home office is aware that many people may change their business plan. Good luck!

[karlchen]

Thanks so much and very helpful explanation!