Application and Biometrics related question Tier 1 200k Route from India

[expact101]

Dear members,

First of all I would like to say hello site wide and thank you very much for providing such a comprehensive platform saving us significant legal costs.

I will be applying for Tier 1 Ent general visa from India using 200k route, I am currently living in UK as self employed and have already started setting up a specialist Indian restaurant, I am following a route where I aim to invest in UK first and show the remaining amount when applying for Tier 1 Ent visa from india within 12 months time frame according to the guidance notes.

My question to the respected members is "what is considered as start of the 12 months period, in this case ?" is this the day when I signed lease agreement for renting premises for my restaurant or is it the first day my restaurant starting trading and up and running ?

You any suggestions and recommendations are highly appreciated and will be extremely helpful for me, Thank in advance.

Best Regards

[marcnath]

Dear members,

First of all I would like to say hello site wide and thank you very much for providing such a comprehensive platform saving us significant legal costs.

I will be applying for Tier 1 Ent general visa from India using 200k route, I am currently living in UK as self employed and have already started setting up a specialist Indian restaurant, I am following a route where I aim to invest in UK first and show the remaining amount when applying for Tier 1 Ent visa from india within 12 months time frame according to the guidance notes.

My question to the respected members is "what is considered as start of the 12 months period, in this case ?" is this the day when I signed lease agreement for renting premises for my restaurant or is it the first day my restaurant starting trading and up and running ?

You any suggestions and recommendations are highly appreciated and will be extremely helpful for me, Thank in advance.

Best Regards

You seem to have some misunderstanding of the investment criteria and the background you have set out is confusing
1. What visa are you on now ?
2. Related to 1, Why are your applying for Tier 1 E from India rather than from UK ?

But to answer your question, the 12 month period is "12 months before the date of application" and relates only to when the investment money goes INTO the business. Nothing to do with the date when the money is used BY the business

[zimba]

It is 12 months from the date when you apply for your visa

[ENT101]

Dear Team,

Brief about applicant : currently on tier 4 dependant visa, applying from outside UK for tier 1 200k route claiming points for investments already made in UK in the last 12 months and rest of the amount from 200k showing in personal bank account in India.

I have started my investement in a restaurant business in july 2017 and i will be applying for the visa in june 2018 claiming points for investments during this period. I have invested £60,000 & £140,000 I have ready in India

Q 1. Do I have to maintain these £140k for 90 consecutive days in India or this rule applies to maintenance funds only that is £3310?

All I have is 200k for my business and as my business is still new and is not generating enough profit to survive on its own. I will need continues access to these funds to pay rents, bills & other business related expenses. If I have to maintain these £140k for 90 days how will my business run during this period. If I put all of £140k in my Indian account now and keep transferring funds as required by the business will it void the maintained for 90 days requirement? I went to many solicitors but got contradictory advice some said yes I have to put £140k and not touch it for 90days (in this case my business will not survive) and some said no I can put this amount and transfer whenever I need funds for business. Please advice as I am really in short of time if I have to maintain these for 90days.

Q2. Regarding investment. All the Spam equipment, restaurant furniture, fixtures & fittings, electricals etc and business premises rent is counted as investment. Are montly utility bills electricity/gas/phone & staff wages also counted as investment or not?

Best regards and many Thanks in advance. Will really appreciate help regarding these questions.

[seasky]

Why not invest all you need for next few months into businesses bank account?

[ENT101]

Thanks for your reply .
Yes I have considered this option too
To predict how much my business will need and transfer that amount now and maintain the rest .
But all this will take a few days and if I have to maintain for 90 days I must start asap. As delay now will mean that I wont be able to claim points for some of my investments. More people have told that 90 days requirement is only for maintenance funds and not investment/business funds. I hope I get a definite reply about this.

[marcnath]

Page 16 of the guidance has very clear information about what is needed.
While there are many options, the one that fits you best would require you to have the money for 90 days before the application date. It also requires you to then maintain that until it is invested in the business.
Whoever told you that the 90 day rule is only for maintenance funds is wrong.

[marcnath]

The 90 days only applies to the funds for which you are claiming access.
For funds already invested in the business there is no 90 day requirement but you need to provide documentation including Accounts showing that investment.
So if you start 140 k for 90 days but invest 40k of that into the business by June, you only need to show 100k for 90 days - so I don’t see what the problem would be in investing the money between now and you application date.
You would provide evidence of having invested 100k into the business and evidence of having maintained 100k for 90 days
But remember that you accountant will need a few days/weeks to generate the Accounts

[ENT101]

Thanks a million for your clear guidance. Really appreciate.
Also if possible let me know if bills and staff wages also counted as investment. This is only until my business starts making enough profit. Once I can take out wages etc from profits I will stop claiming these as investment. Please Thanks

[marcnath]

Thanks a million for your clear guidance. Really appreciate.
Also if possible let me know if bills and staff wages also counted as investment. This is only until my business starts making enough profit. Once I can take out wages etc from profits I will stop claiming these as investment. Please Thanks

Investment is money INTO the business. Bills and staff wages are money OUT of the business.
So, no, bills and wages are not counted as investment- only money transferred into the business (ideally into the business bank account) is investment

[CR001]

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member/expact101/

announcements/multiple-member-id-s-t11811.html

[ENT101]

Dear admins, please accept my sincere apologies. I did register sometime last year with the name mentioned EXPACT101 but I just couldn't recall the name and decided to make another this is not intended to spam with posts. I will no longer post from the old ID EXPACT101 & will use this ID ENT101 only and also will not create new threads of same topic. I will post away any more questions regarding this topic here in this thread only.
Apologies again. Thanks

[bizman]

Also money spent on business that can be receipted is also investment money into business, however because it is very complex as regards Tier 1 Entrepreneur route to ascertain this, its important you just invest straight into the business bank account so it will be easy for CW to see it.

[ENT101]

Dear Admins & Members,
Please I need some help. My biometrics appointment is tomorrow.
I am applying Tier 1 200k route claiming points for investments already made and rest funds available. This is entry clearance from India

I have 2 questions

1. Application submitted on 10th July 2018
However due to personal circumstances the biometrics and supporting documents will be submitted tomorrow 23 august 2018
Is there a restriction on duration between application date and biometrics?
My solicitor said I have 45 days to submit biometrics and supporting documents but I could not find anything online and she s off to her annual leave.

2. I submitted and paid for application from India at around 2 am India time on 10 july 2018 . The acknowledge emails of visa fee are dated 10th july 2018. And I prepared all my documents according to 10th july as date of application
However when I printed my application it shows 9th july as it was still 9th in UK. Will it cause any problems

Please please need some assurance. Its a big day tomorrow

Thanks and Regards