- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2
Unfortunately, immigration rules do not go into that level of detail.Ali313 wrote: ↑Sun Nov 18, 2018 3:17 pmIn VC 50 K funding category can An “ AR’s “ firm which is a Subsidiary of “ Principal “ firm ... provide the documents on behalf of Principal Firm for funding .... the relationship between both firms can be seen on FCA , Both firms are FCA registered.
While the AR firm will make the funds available to the business on Approval of Tier 1.
Need your expert opinion ...
thanks in Advance
I don't think being a subsidiary automatically qualifies it unless they are very clear that they are doing this specific transaction on behalf of the parent.Ali313 wrote: ↑Wed Nov 21, 2018 12:29 pmThanks for the reply .... the application has been refused on the basis that the AR firm is not involved in the level of investment activity by looking at Company’s house filing ... while it was clearly mentioned in Funding and Other legal documents that it’s a sunsidiary of Principal firm which has enogh funds to provide to the applicant. What you suggest if Admin Review not Accepted it’s worth to go JR ?
From the description you posted, it appears that the AR can only arrange a deal. They don't do the actual investment or manage the deal. So, it appears they are not qualified as a T1E VC. Why did you not get the necessary documents directly from the Principle.Ali313 wrote: ↑Wed Nov 21, 2018 4:04 pmHi Marcnath, thanks for reply,
I have applied for AR last week, one more question,
Whe i checked the status of AR firm on FCA register in ‘Permissions’ ... regulated product and services it shows
“ providing credits to customers , giving investment advice, arranging deals in Investment”. When i checked the AR’s and principal relationship it shows “ An AR is a firm running regulated activities as an agent for a firm we’ve authorised, and the Principal firm is accountable for the product they offer”.
By looking at above
I’m thinking if the Admin Review is not accepted ... shall i go for JR or go for fresh application.?
As seems OK as FCA allows the AR to act on behalf of Principal ...
I would like your input on that