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Ter 2 General visa - question

Only for the UK Skilled Worker visas, formerly known as Tier 2 visa route

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Viktory
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Posts: 1
Joined: Tue Jul 10, 2012 11:32 am

Ter 2 General visa - question

Post by Viktory » Tue Jul 10, 2012 11:43 am

I am in the UK on Tier 2 General visa and hope to get some information on the following matter:

Am I allowed to buy a company in the UK and be the owner of the company being i the UK on Tier 2 General visa?

Please note that my desire to buy a company is not connected to my present activity and will not affect my ability to work for my current sponsor - I will fulfill all existing criteria for Tier 2 visa holder.
I consider it as a possible investment - to buy a company (or pub, or shares on stock market) in order to receive interests/dividends (and at the same time continuing to work on my present certified work place).

I have found the following information about self-imployment for Tier 2 general visa holders on http://www.ukba.homeoffice.gov.uk website - "You are not allowed to enter self-employment, set up a business or join another business as a director or partner without obtaining further permission from us."

Could you help me to clarify the situation.

Will I breach UKBA rules, if I buy some business being in the UK on Tier 2 General visa?
Thank you.

Viktoriya.

hashmil
Member
Posts: 159
Joined: Thu Sep 15, 2011 12:54 pm
Sri Lanka

Post by hashmil » Thu Jul 12, 2012 11:49 pm

Not 100% sure, but i vaguely remember that you shouldn't have more than 5% shares of the company you are working in. Not sure what the rules are if it is a different company.

Either way - good luck!

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