50K or 200K for a business more than 1-year old?

[syy]

Hi,

I registered as self-employed and started an art & design business 2 years ago while holding a Post-Study visa. I want to stay for my work by getting a Tier 1 (Entrepreneur) visa this year. However, I double checked the policy guidance recently and realised I might be required to make 200K further investment instead of 50K.

This is what makes me confused: Page 37 of 53 - Annex A - A3 & A4:

A3. The money used will only qualify for the award of points if it will be new investment in the UK. A new investment is one made within the 12 calendar months before the date of application.

A4. If you have already legally established a business that complied with relevant UK legislation in the UK while here under a different immigration category, you must satisfy the full requirements for the Entrepreneur initial application before you can be considered for approval. This means that if you made the investment in the business more than 12 months before applying to enter the category, you must make a further investment of 200K.

My question is the definition of "new investment". Does it mean "the money I put in an existing business" or a "totally new business"?

My business has been lasting for 2 years but I put in money to buy new equipments every year. It is an on-going investment. It's not fully established but time-wise I am not sure if the UKBA will see that as an established one.

If anyone can give me some advice on this, that would be great.

Many thanks,
Suet Yi

[Entrepreneur9]

Please dont confuse yourself. Let me make it clear for you.

If the business that you are running is at level 4 or above then you only need to invest 50K, you can say that you have already invested it or you can say that you would be investing in the future. No problem.

If the business is below level 4 then you need to invest 200K.

The other option is to register a new company that is level 4 and above and only then you would qualify for 50K investment.

Hope that makes sense to you.

If it doesnt, then you need a proper legal advice.

Good Luck

Hi,

I registered as self-employed and started an art & design business 2 years ago while holding a Post-Study visa. I want to stay for my work by getting a Tier 1 (Entrepreneur) visa this year. However, I double checked the policy guidance recently and realised I might be required to make 200K further investment instead of 50K.

This is what makes me confused: Page 37 of 53 - Annex A - A3 & A4:

A3. The money used will only qualify for the award of points if it will be new investment in the UK. A new investment is one made within the 12 calendar months before the date of application.

A4. If you have already legally established a business that complied with relevant UK legislation in the UK while here under a different immigration category, you must satisfy the full requirements for the Entrepreneur initial application before you can be considered for approval. This means that if you made the investment in the business more than 12 months before applying to enter the category, you must make a further investment of 200K.

My question is the definition of "new investment". Does it mean "the money I put in an existing business" or a "totally new business"?

My business has been lasting for 2 years but I put in money to buy new equipments every year. It is an on-going investment. It's not fully established but time-wise I am not sure if the UKBA will see that as an established one.

If anyone can give me some advice on this, that would be great.

Many thanks,
Suet Yi

[Darvesh]

first u need to determine level of ur business? if it is a level 4 or above business then u need only 50k.

lets ur business is level 4 business, now if ur last investment was made within 12months of date of application and it is 50k then u dont need another investment.

if investment older than 12 month by the time of application then u need 50k under psw->T1E route provided ur business is level4.

if less than level4 business than u need a fresh 200k investment regardless how old or new ur business is.

[syy]

I didn't mean to but 2 identical posts turned up. I don't know what I have done. Sorry!

[syy]

first u need to determine level of ur business? if it is a level 4 or above business then u need only 50k.

lets ur business is level 4 business, now if ur last investment was made within 12months of date of application and it is 50k then u dont need another investment.

if investment older than 12 month by the time of application then u need 50k under psw->T1E route provided ur business is level4.

if less than level4 business than u need a fresh 200k investment regardless how old or new ur business is.

Hi there,

Thank you for your quick advice!

Yes, my business falls into NQF Level 4. The code of practice is 3411 for Creative Artist.

I invested about 25K(12.5K per year) in the last two years. I know only those for the last 12 months will be counted so I need to prepare 37.5K cash in my account for my application now. Am I right?

[syy]

Please dont confuse yourself. Let me make it clear for you.

If the business that you are running is at level 4 or above then you only need to invest 50K, you can say that you have already invested it or you can say that you would be investing in the future. No problem.

If the business is below level 4 then you need to invest 200K.

The other option is to register a new company that is level 4 and above and only then you would qualify for 50K investment.

Hope that makes sense to you.

If it doesnt, then you need a proper legal advice.

Good Luck

Hello,

Yes, it makes sense. I feel much more relieved now. Thank you for clearing my confusion!

Thanks,

[Entrepreneur9]

Yes you are right, if you have already invested £12.5K within 12 months from the date of application in a business at level 4 or above then you need to maintain the remaining 37.5 in your account now.

first u need to determine level of ur business? if it is a level 4 or above business then u need only 50k.

lets ur business is level 4 business, now if ur last investment was made within 12months of date of application and it is 50k then u dont need another investment.

if investment older than 12 month by the time of application then u need 50k under psw->T1E route provided ur business is level4.

if less than level4 business than u need a fresh 200k investment regardless how old or new ur business is.

Hi there,

Thank you for your quick advice!

Yes, my business falls into NQF Level 4. The code of practice is 3411 for Creative Artist.

I invested about 25K(12.5K per year) in the last two years. I know only those for the last 12 months will be counted so I need to prepare 37.5K cash in my account for my application now. Am I right?

[syy]

Brilliant!!!! Now I just need to work hard + save up + get an accountant to do the document for proving the money already invested.

Thank you for your help!

Yes you are right, if you have already invested £12.5K within 12 months from the date of application in a business at level 4 or above then you need to maintain the remaining 37.5 in your account now.

first u need to determine level of ur business? if it is a level 4 or above business then u need only 50k.

lets ur business is level 4 business, now if ur last investment was made within 12months of date of application and it is 50k then u dont need another investment.

if investment older than 12 month by the time of application then u need 50k under psw->T1E route provided ur business is level4.

if less than level4 business than u need a fresh 200k investment regardless how old or new ur business is.

Hi there,

Thank you for your quick advice!

Yes, my business falls into NQF Level 4. The code of practice is 3411 for Creative Artist.

I invested about 25K(12.5K per year) in the last two years. I know only those for the last 12 months will be counted so I need to prepare 37.5K cash in my account for my application now. Am I right?