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!!!!!!

This came 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 offer  a 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.

The next 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 rest!  
 
The next 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 visa.

If your 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 years.

To read about business plan service from us, the immigration entrepreneurs, please visit: http://www.1st4immigration.com/business-plan-writing.php


For an individual advice or to make your application as successful please contact us: info@1st4immigration.com or visit   http://www.1st4immigration.com/settlement-indefinite-leave-visas.php

If you are an Immigration Adviser or a Solicitor please visit our immigration Training and CPD website: www.1st4immigration.com/training We 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.