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Starting a new biz/joining an existing biz - Confused

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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vaibhava09
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Posts: 4
Joined: Mon Nov 30, 2015 1:25 pm

Starting a new biz/joining an existing biz - Confused

Post by vaibhava09 » Fri Dec 04, 2015 3:14 pm

Hi

I will be starting the process of my applications for the visa early next year and am in the process of preparing my business plan.

If I start my own business, would a takeover or merger later after a year or two be considered breach of rules. A little unclear on the same.

Alternatively, my business idea is pretty similar to an existing business there, which is about a decade old, and they are interested in me coming on board as a director. They want me to expand their line of work with my ideas. They have more than five times the amount of capital I intend to apply with, would that cause a problem if my business plan is structured and justifies why I want to join the existing business.

I am little confused with what path to apply. I have started planning for my own business for now.

Would appreciate an early reply.

Regards
Vaibhav

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