What Can I Invest In?
Helping you to invest wisely
As part of the complete care package that we offer at Weskin Associates we have detailed additional information that is of use to those pursuing the Entrepreneur visa option. This particular type of visa is becoming increasingly popular as foreign individuals and businesses aim to move to the U.K and set up their buisiness. The U.K is known for its pro-business policies and favourable economic climate. Indeed, according to the ‘Ease of doing Business Guide 2015′ the United Kingdom ranks 8th in the world. Aside from the obvious economic benefits of setting up a business in the U.K, the country also has world class cultural offerings for perspective entrepreneurs to enjoy.
Westkin Associates specialises in Entrepreneur visas and much of our business is generated by this particular visa type. Contact us today on email@example.com or 0207 118 4546 to speak to one of our immigration lawyers and start building your new business.
Below we have detailed an introductory guide to the criteria of investment according to the UKBA
The £200,000 investment must be made in an existing business or used to set up and spent within a new business. Please note there is no need to spend the sum of money at once, it can be spent by the business over the course of 3 years.
Whether in a new or existing business, the £200,000 must be spent by the entrepreneur, rather than left in a cash deposit. The spending must be in the UK and must be in the course of business. Essentially anything that can be claimed as an expense, can be taken from the £200,000.
So, for example, a restaurant can use the £200,000 on marketing, furniture, staff and insurance costs. They can even claim spending on food stock and utility bills.
The business can be in any sector and using any business model.
The exception to this are businesses involved in residential property or property management. These cannot be invested in. Where however the business owns a property where the business trades from (similar to the restaurant example above) the cost of the property can be claimed.
These issues can be complex and detailed legal advice should be sought be before proceeding. It should also be noted that it is not enough simply to meet the rules criteria described above, there should also be specific evidence provided, even if the rules have been made out, if the evidence is not provided the extension will not be granted.
Westkin Associates has over 16 years assisting clients in obtaining their Tier 1 Entrepreneur visa. Our expertise, knoweldge and results orientated approach means that choosing Westkin is the first step towards getting your Tier 1 Entrepreneur Visa. We work closely with the Home Office meaning that our immigration lawyers understand the exacting requirements of the Home Office and advise accordingly.
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Back to Entrepreneur Visa Extensions page.