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New Company after Entrepreneur extension

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

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depak1234
Newly Registered
Posts: 3
Joined: Wed Jan 16, 2019 6:22 pm
Pakistan

New Company after Entrepreneur extension

Post by depak1234 » Wed Jan 16, 2019 6:28 pm

Hello guys,

I have received the extension recently and planning ahead of the ILR.

Our company was a product based company and some company is interested in buying it. And the other directors are interested and the my visa is the issue.

i'm thinking of staring of a new company. Is it possible for me to apply for ILR using a new company?

If yes do I need to invest all the money again in the new company as well? (As I have showed all the evidence with the old company for investment and got the extension)

Could you guys help me on this! appreciate your support. Thanks!

User avatar
marcnath
Moderator
Posts: 6493
Joined: Tue Jul 03, 2012 3:27 pm
Location: Milton Keynes
United Kingdom

Re: New Company after Entrepreneur extension

Post by marcnath » Wed Jan 16, 2019 6:38 pm

depak1234 wrote:
Wed Jan 16, 2019 6:28 pm
Hello guys,

I have received the extension recently and planning ahead of the ILR.

Our company was a product based company and some company is interested in buying it. And the other directors are interested and the my visa is the issue.

i'm thinking of staring of a new company. Is it possible for me to apply for ILR using a new company?

If yes do I need to invest all the money again in the new company as well? (As I have showed all the evidence with the old company for investment and got the extension)

Could you guys help me on this! appreciate your support. Thanks!
Yes, you can start a new company and no, you don't have to invest again.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

depak1234
Newly Registered
Posts: 3
Joined: Wed Jan 16, 2019 6:22 pm
Pakistan

Re: New Company after Entrepreneur extension

Post by depak1234 » Wed Jan 16, 2019 6:44 pm

Hello @marcnath

Thanks for the quick reply :)

So just to clarify the document list again,

2 Job Creation Documents (FPS + Pay-slips)
Business bank Statements
Tax registration (CT41G)
Current Director Appointment
Life in the UK Test Results 
UK Degree Certificate

Is that enough? or do I need to sed previous director loan agreements etc as I already sent them earlier?

Thanks again!

User avatar
marcnath
Moderator
Posts: 6493
Joined: Tue Jul 03, 2012 3:27 pm
Location: Milton Keynes
United Kingdom

Re: New Company after Entrepreneur extension

Post by marcnath » Wed Jan 16, 2019 7:46 pm

depak1234 wrote:
Wed Jan 16, 2019 6:44 pm
Hello @marcnath

Thanks for the quick reply :)

So just to clarify the document list again,

2 Job Creation Documents (FPS + Pay-slips)
Business bank Statements
Tax registration (CT41G)
Current Director Appointment
Life in the UK Test Results 
UK Degree Certificate

Is that enough? or do I need to sed previous director loan agreements etc as I already sent them earlier?

Thanks again!
That seems correct.

UK degree cert is also optional.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

depak1234
Newly Registered
Posts: 3
Joined: Wed Jan 16, 2019 6:22 pm
Pakistan

Re: New Company after Entrepreneur extension

Post by depak1234 » Sat Jan 19, 2019 8:37 pm

Great thanks for the help!

Just one more question. Is it possible to show one job for 12 months from previous company and the other one for 12 months from the new company? Just considering my options.

Thanks again for your help.

User avatar
marcnath
Moderator
Posts: 6493
Joined: Tue Jul 03, 2012 3:27 pm
Location: Milton Keynes
United Kingdom

Re: New Company after Entrepreneur extension

Post by marcnath » Sun Jan 20, 2019 3:39 pm

depak1234 wrote:
Sat Jan 19, 2019 8:37 pm
Great thanks for the help!

Just one more question. Is it possible to show one job for 12 months from previous company and the other one for 12 months from the new company? Just considering my options.

Thanks again for your help.
Yes, that is possible
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

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