Route to independent employer and settlement

[shail_144329]

Hi All,

I would like to take your opinion on my current circumstances and my planning described below.

# I am currently on Tier 2 ICT issued before Apr '10 and will now be completing three years soon.

# I would like to change my job within UK as my project/contract may soon end, after which my employer might ask me to go back.

# With my skill set, I doubt that I will get a new sponsor who is ready to conduct RMLT to issue me a Unrestricted COS.

# Keeping above in mind, I am planning to apply for Tier 1 Entrepreneur visa (50 K) route.

My question:

I can arrange 50K in my account for a week or so, based on which I want to apply. After this I may have to return this money back to my friends

I will be using this visa to get a permanent IT Job/Contract in UK and once I complete my shortfall of two years for Settlement, I will apply for it and hopefully get it.
I do not have any business plan as if now which I think is not required while applying.

Does it all look feasible? What are the issues that I may face?

Cheers.

[geriatrix]

Feasible, if you are ready to wait for 5 years from the date of issue of Tier 1 (Entrepreneur) migrant to be eligible for settlement.
See table 6.

No one can speculate about the problems that you may enter over a 5 year period (e.g. - no one can predict if your business investment will be profitable or loss making).

[PaperPusher]

I am pretty sure you need £200k unless you are switching from Tier1 PSW. The other £50k route is where the money has to be provided by a seed fund etc, not a friend.

There would also be a restriction on your employment. See paragraph 245DC(iii)

http://www.ukba.homeoffice.gov.uk/polic ... es/part6a/

(iii) no employment other than working for the business(es) the applicant has established, joined or taken over,

[shail_144329]

Thanks a lot for your responses.
I am trying to find out ways to complete next two years somehow and as per the comment it does not seem to be an option.