Applying under 200k

gomcy · Post by **gomcy** » Thu Jun 13, 2013 11:31 pm

Hi All,

I am applying for tier 1 under 200k category next month and really really confused on the following issues:

1. Contract: when the company is not registered yet and according to guidelines can be registered later . how can I get any contract in company name. Also, I am currently doing a job and will apply for visa but will register the company after getting the visa. So what type of contract should work.

2. Investment: when do we have to do the investment. after 3 years or each year. does all office expenses and office property, employees conounted as investment or not.

3. Is it advisable to take a solicitors help while applying or anybody who got the visa can give some guidelines. a list of required documents will be very helpful.

Thanks. Pls help guys

Darvesh · Post by **Darvesh** » Fri Jun 14, 2013 1:16 am

if u applying under 200k access then u dont need a contract, contract needed for 50k acess cat. however u need a strong and viable business plan.

yes u will register ur compnay after getting ur visa.

yes investment will be all office expenses and office property, employees wages etc.

u need to spend all of ur 200k + create 2 full times jobs for 12montths b4 u apply for an extension.

read policy guideline by himself and things get easy for u.

Entrepreneur9 · Post by **Entrepreneur9** » Fri Jun 14, 2013 1:23 am

Employees wages are not counted as investment. That is not an investment.

Darvesh wrote:if u applying under 200k access then u dont need a contract, contract needed for 50k acess cat. however u need a strong and viable business plan.

yes u will register ur compnay after getting ur visa.

yes investment will be all office expenses and office property, employees wages etc.

u need to spend all of ur 200k + create 2 full times jobs for 12montths b4 u apply for an extension.

read policy guideline by himself and things get easy for u.

Darvesh · Post by **Darvesh** » Fri Jun 14, 2013 1:31 am

yes money used for paying out staff wages can be counted towards investment.. however ur own wages cant counted towards investment.

please policy guidelines.

Entrepreneur9 · Post by **Entrepreneur9** » Fri Jun 14, 2013 1:46 am

No where it says in the policy guidance that employee wages are counted as investment

Darvesh wrote:yes money used for paying out staff wages can be counted towards investment.. however ur own wages cant counted towards investment.

please policy guidelines.

rehan01 · Post by **rehan01** » Fri Jun 14, 2013 2:28 am

Employer wages doesn't count as investment.

regards

gomcy · Post by **gomcy** » Fri Jun 14, 2013 10:52 am

Thanks

Darvesh wrote:if u applying under 200k access then u dont need a contract, contract needed for 50k acess cat. however u need a strong and viable business plan.

yes u will register ur compnay after getting ur visa.

yes investment will be all office expenses and office property, employees wages etc.

u need to spend all of ur 200k + create 2 full times jobs for 12montths b4 u apply for an extension.

read policy guideline by himself and things get easy for u.

babylondoner · Post by **babylondoner** » Fri Jun 14, 2013 11:46 am

there seems to be conflicting understanding of the policy guidance:

DOES WAGES PAID OUT TO YOUR EMPLOYERS (NOT YOURSELF, THE DIRECTOR) COUNT AS PART OF THE 50K OR 200K INVESMENT? YES OR NO?
can someone please clarify this?

Darvesh · Post by **Darvesh** » Fri Jun 14, 2013 12:23 pm

in my point of view yes.

please point out in policy guideline where it says the employee wages wont counted towards investment money.

for T1E the investment is the money to run ur business. no need to just invest only in brick n mortar or pay bills with the whole 50k/200k.

ONLY RESTRICTION IS DIRECTOR(YOURSELF) REMUNERATION.

entrepreneur123 · Post by **entrepreneur123** » Fri Jun 14, 2013 12:34 pm

wages of employees is investment. as it is a business expense. however ukba has specifically stated that salary of director and investment in house property do not count as investment to stop abuse investment clause of visa. so salary of employees(other than director), business expenses(advert, phone bills, rent, utility bills, business trips, company car etc) all count as investment.

babylondoner wrote:there seems to be conflicting understanding of the policy guidance:

DOES WAGES PAID OUT TO YOUR EMPLOYERS (NOT YOURSELF, THE DIRECTOR) COUNT AS PART OF THE 50K OR 200K INVESMENT? YES OR NO?
can someone please clarify this?

Darvesh · Post by **Darvesh** » Fri Jun 14, 2013 12:42 pm

100% AGREE WITH entrepreneur123.

A BUSINESS USED ITS FUND TO PAY OFF STAFF WAGES AND BUSINESS FUND MADE UP FROM YOUR OWN 50/200K ACCESS.

babylondoner · Post by **babylondoner** » Fri Jun 14, 2013 1:28 pm

@ Darvesh and entreprenur123

thanks guys for clarifying.

gomcy · Post by **gomcy** » Fri Jun 14, 2013 10:22 pm

Many thanks for your help guys. I am a software professional and want to start an IT company. Has anyone applied for a similar type...??
pls i will appreciate your help if someone can share business plan template or any advice regarding that because i think business plan has to be strong enough to get the visa.

many thanks.

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Applying under 200k

Applying under 200k