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Thursday, 17 September 2015
New successful case and testimonial on a business plan for a successful Tier 1 (Entrepreneur) entry clearance for a Libyan national.
“Finally, Good news we did it
!!!!! I got my (Entrepreneur) visa yesterday (14-09-2015), I applied on
17-08-2015. This email to thank you for your hard and excellent work, the
Business plan was great!!!!!!
from Sulan, a national of Libya, who approached us for help with a business
plan, which is now compulsory for a Tier 1 (Entrepreneur) visa when making an
initial application. Sulan was considering opening a business to offera range of auto service and repair. It was a business activity
related to the client’s work in the past, so we used that as another ‘selling
point’ to the visa officers. A business plan is a part of the Genuine Entrepreneur
Test, so we usually explain the applicant’s previous work or business experience
as well as what products they are going to offer, how they are going to compete
the UK market.
As we are both entrepreneurs and
immigration advisers, ie immigration entrepreneurs, we also insist on including
the information on how the funds (£200,000) are going to be invested and what
type of jobs are going to be created. These are important because the visa
rules require to prove both points, such as creating at least 2 jobs for the
settled workers, each job lasting for at least 12 months. We also add the notes
on registering a limited company, registering for VAT and Corporation Tax as
well as with HMRC as an employer and obtaining a PAYE ref number (as an
employer). Although most traditional business plans do not include such
information, often focusing on the financials instead, we have adapted the traditional
structure to address the requirements of the Immigration Rules. Remember, the
visa officers are not accountants! they need to see you have familiarised
yourself with the visa rules and your business plan is aware of them.
step will be coming to the UK and making that business work! Even though applying
for a visa can be stressful, the real work begins after it has been granted. A
migrant has to register a business within 6 months, invest £200,000 and create
those all important jobs for the settled workers. There will be no time to
step in the visa process will be to apply for an Entrepreneur extension, for
further 2 years. This is when the UKVI will be asking for evidence of the
above, ie how the requirements were being met during the 3 years of the initial
business happened to have created 10 jobs for the settlers workers or produced
income of £5 million during the first 3 years then you could potentially
qualify for Indefinite Leave to Remain (ILR, permanent residency) after just 3
If you are an Immigration Adviser or a Solicitor please visit our
immigration Training and CPD website:www.1st4immigration.com/trainingWe have a weekend OISC Level 1 course every month and a Saturday Points-Based
System course every month, both include a Tier 1 (Entrepreneur) visa with the
PBS course having a particular focus on the Tier 2 and Entrepreneur categories.
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