Change of Business uder Tier-1 Enterprenure visa

[change123]

Dear Moderator,

I need an urgent advice regarding the type of business under Tier-1 entrepreneur visa.

We tried foodstuff whole sale business which not going well and now want to change to provide home caring to old and disable peoples through local council. We need to arrange rented home and provide hostel and caring facility to old age and disable people. On the other hand, the council will pay us for such services.

Hereby, I need your export advice if this business is covered under Tier-1 entrepreneur in order to get the extension and later ILR.

Thanks

[change123]

I lost my earlier user and now created new one.

for your info pls

Thanks

[CR001]

What is your previous username??

Is it member/as_711/???

[CR001]

Please do not post extension or tier 1 specific question in the topic link below which is relevant only to ILR.

indefinite-leave-to-remain/new-absence- ... l#p1743855

[change123]

yes pls.
thanks for guidance.

Can I get help on my query pls

thanks

[marcnath]

Dear Moderator,

I need an urgent advice regarding the type of business under Tier-1 entrepreneur visa.

We tried foodstuff whole sale business which not going well and now want to change to provide home caring to old and disable peoples through local council. We need to arrange rented home and provide hostel and caring facility to old age and disable people. On the other hand, the council will pay us for such services.

Hereby, I need your export advice if this business is covered under Tier-1 entrepreneur in order to get the extension and later ILR.

Thanks

I can't see anything that would prevent you from doing that. Is there any specific concern you have ?

[change123]

My query is if this business comes under Tier-1 Entrepreneur as at the time of extension they would asked the type of business and if we mentioned that we provided home/hostel to the old age people and if this type of business is ok for this visa.

As I heard that Tier-1 entrepreneur holder cannot buy residential property and cannot rent this out to show as a business. This business will be similar to that like taking homes on rent and offered old home services to old age or disable people and taking money from council.

I hope I am able to explain my question.

[Frontier Mole]

What will your investment funds be used for in the new business? It can’t be used to buy or rent property so what will you be spending it on?

How much did you invest in the previous business?

The care business is struggling massively at the moment from a lack of suitable labour at all levels. It is not a wonderfully viable business area due to a complete lack of EU workers coming to the UK at the moment who invariably undertook the lowest end roles. Brexit concerns have left many care providers with huge staffing headaches and care facilities are closing access the UK. The industry is in decline at the moment.

The other barriers to providing care are the legislative requirements from CQC and getting planning permission to convert residential property to business usage. So unless you are taking over an existing care home expect a long delay in before you are able to operate your new business venture.

[marcnath]

My query is if this business comes under Tier-1 Entrepreneur as at the time of extension they would asked the type of business and if we mentioned that we provided home/hostel to the old age people and if this type of business is ok for this visa.

As I heard that Tier-1 entrepreneur holder cannot buy residential property and cannot rent this out to show as a business. This business will be similar to that like taking homes on rent and offered old home services to old age or disable people and taking money from council.

I hope I am able to explain my question.

You heard wrong. There is no restriction for an T1Ent holder to buy residential property and rent it out.
However, money that you invest into such an activity cannot count towards the 50K/200K requirement if it is purely for a rent earning purpose.
If you have already invested the required amount in your previous business, then this is not an issue.
However, if your investment into this business needs to be counted to your investment evidence, you need to be very clear what the business is - is it just renting out the home or is accommodation just a part of the overall service you are offering.

[change123]

Thanks so much for your kind reply.

It is good not to start such business which are doubtful.

Another business in my book planning to buy old properties through auction and repair/ refurbish, decorate it and sell in the market.

Is this considerable investment under Tieir-1 route?

Appreciated for your expert advice.

Thanks

[marcnath]

Thanks so much for your kind reply.

It is good not to start such business which are doubtful.

Another business in my book planning to buy old properties through auction and repair/ refurbish, decorate it and sell in the market.

Is this considerable investment under Tieir-1 route?

Appreciated for your expert advice.

Thanks

That is very clearly not a business activity where investment would be recognised.

[change123]

thanks sir for your reply.
Can you please elaborate and It is still not cleared to me.

Thanks

[marcnath]

thanks sir for your reply.
Can you please elaborate and It is still not cleared to me.

Thanks

Read the guidelines - investments into property development and management cannot count towards your investment evidence.

I repeat - nothing stops you from doing that business as long as you don't need to use any money you invest into that as part of your 50K/200K investment evidence.

[change123]

Buying old properties through auction and then repair/ refurbish, decorate it and sell in the market.

Is this considerable investment under Tieir-1 route?

Appreciated for your expert advice.

Thanks

[change123]

thanks sir,
Can you please provide a link where I can found the guidelines of investment and business for Tier-1 route.

thanks

[marcnath]

https://assets.publishing.service.gov.u ... .01.19.pdf