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A million dollar question is' How to get venture capital funding approved?BlackBirdSSG wrote:
2) Venture Capital Firm's funding of £50,000
- Open a registered company after getting visa (within the next six months)
Must have a business plan, have marketing, advertisement and research material in hand (but do not have to submit, as you have not opened a company yet, but you must have it with you)
No need to show a contract, as no company have been formed yet
No restriction on NQF Level 4 Business. Have a Freedom to run any type of Business.
UKBA cannot ask for your funds, because UK based VC firm have already sponsored you. Everything has to be done in 6 months (so, you have more time to form a startup company)
Only Passport, Visa, Maintenance Funds for 90 days and English Proficiency (English Certificate with B1 or above or UK Bachelor's Degree or above)
Tier 4 Students can only apply via Venture Capital Firm
1) Sponsor funds of £200,000BlackBirdSSG wrote:There are different ways to acquire Entrepreneur Visa. I will discuss two most common options with you.
1) Sponsor funds of £200,000 (£50,000 for PSW)2) Venture Capital Firm's funding of £50,000
- Open a registered company within 90 days before filing application.
Must have a business plan, have marketing, advertisement and research material in hand (They can ask you during visa process)
Must also show that you have a contract in hand.
For PSW holders, they also have to open a Graduate Business at NQF Level 4 or above
Maintenance Funds for 90 days (£900 or £2800)
UKBA can ask for anything, such as proof of access to £50,000 of funds, or proof that clients are paying you in Business Account.
Tier 4 Students cannot apply via Sponsor Route.
- Open a registered company after getting visa (within the next six months)
Must have a business plan, have marketing, advertisement and research material in hand (but do not have to submit, as you have not opened a company yet, but you must have it with you)
No need to show a contract, as no company have been formed yet
No restriction on NQF Level 4 Business. Have a Freedom to run any type of Business.
UKBA cannot ask for your funds, because UK based VC firm have already sponsored you. Everything has to be done in 6 months (so, you have more time to form a startup company)
Only Passport, Visa, Maintenance Funds for 90 days and English Proficiency (English Certificate with B1 or above or UK Bachelor's Degree or above)
Tier 4 Students can only apply via Venture Capital Firm
It's always better if you apply alone. You can use your uncle's sponsor money, but then UKBA can ask you to send proof of funds ... during the time when your visa is in process. They just want to confirm if you have held funds or not. With VC, there's no point asking because funds are with UK Based VC firm and you will get six months after visa to get access to it.
Now, age is not mentioned, but 18 years or above is generally required for doing business.
A US national is from a majority English speaking country, therefore he automatically qualifies for 10 points in English.
A US national applying from Pakistan is only possible if he has spent some considerable amount of time in Pakistan. Generally, two team members can file an application if one is in UK and other is at home country.
In my view (and in light of the points I have mentioned above), VC is the much better option.
Ok. I was right about Venture Capital route ... but just made some mistakes on Sponsor route. I'll correct that here & in my main post.la wrote:1) Sponsor funds of £200,000BlackBirdSSG wrote:There are different ways to acquire Entrepreneur Visa. I will discuss two most common options with you.
1) Sponsor funds of £200,000 (£50,000 for PSW)2) Venture Capital Firm's funding of £50,000
- Open a registered company within 90 days before filing application.
Must have a business plan, have marketing, advertisement and research material in hand (They can ask you during visa process)
Must also show that you have a contract in hand.
For PSW holders, they also have to open a Graduate Business at NQF Level 4 or above
Maintenance Funds for 90 days (£900 or £2800)
UKBA can ask for anything, such as proof of access to £50,000 of funds, or proof that clients are paying you in Business Account.
Tier 4 Students cannot apply via Sponsor Route.
- Open a registered company after getting visa (within the next six months)
Must have a business plan, have marketing, advertisement and research material in hand (but do not have to submit, as you have not opened a company yet, but you must have it with you)
No need to show a contract, as no company have been formed yet
No restriction on NQF Level 4 Business. Have a Freedom to run any type of Business.
UKBA cannot ask for your funds, because UK based VC firm have already sponsored you. Everything has to be done in 6 months (so, you have more time to form a startup company)
Only Passport, Visa, Maintenance Funds for 90 days and English Proficiency (English Certificate with B1 or above or UK Bachelor's Degree or above)
Tier 4 Students can only apply via Venture Capital Firm
It's always better if you apply alone. You can use your uncle's sponsor money, but then UKBA can ask you to send proof of funds ... during the time when your visa is in process. They just want to confirm if you have held funds or not. With VC, there's no point asking because funds are with UK Based VC firm and you will get six months after visa to get access to it.
Now, age is not mentioned, but 18 years or above is generally required for doing business.
A US national is from a majority English speaking country, therefore he automatically qualifies for 10 points in English.
A US national applying from Pakistan is only possible if he has spent some considerable amount of time in Pakistan. Generally, two team members can file an application if one is in UK and other is at home country.
In my view (and in light of the points I have mentioned above), VC is the much better option.
- Open a registered company within 90 days before filing application. -> Wrongly said -> please refer uk ba policy guidence -> This needs to be done before six months after visa approval.
Must have a business plan, have marketing, advertisement and research material in hand (They can ask you during visa process) - This is at the discretion of case worker request.Not mandatory
Must also show that you have a contract in hand -> Not required to show .
Please go through policy guidance before giving any info on 200k funds.
BlackBirdSSG wrote:Ok. I was right about Venture Capital route ... but just made some mistakes on Sponsor route. I'll correct that here & in my main post.la wrote:1) Sponsor funds of £200,000BlackBirdSSG wrote:There are different ways to acquire Entrepreneur Visa. I will discuss two most common options with you.
1) Sponsor funds of £200,000 (£50,000 for PSW)2) Venture Capital Firm's funding of £50,000
- Open a registered company within 90 days before filing application.
Must have a business plan, have marketing, advertisement and research material in hand (They can ask you during visa process)
Must also show that you have a contract in hand.
For PSW holders, they also have to open a Graduate Business at NQF Level 4 or above
Maintenance Funds for 90 days (£900 or £2800)
UKBA can ask for anything, such as proof of access to £50,000 of funds, or proof that clients are paying you in Business Account.
Tier 4 Students cannot apply via Sponsor Route.
- Open a registered company after getting visa (within the next six months)
Must have a business plan, have marketing, advertisement and research material in hand (but do not have to submit, as you have not opened a company yet, but you must have it with you)
No need to show a contract, as no company have been formed yet
No restriction on NQF Level 4 Business. Have a Freedom to run any type of Business.
UKBA cannot ask for your funds, because UK based VC firm have already sponsored you. Everything has to be done in 6 months (so, you have more time to form a startup company)
Only Passport, Visa, Maintenance Funds for 90 days and English Proficiency (English Certificate with B1 or above or UK Bachelor's Degree or above)
Tier 4 Students can only apply via Venture Capital Firm
It's always better if you apply alone. You can use your uncle's sponsor money, but then UKBA can ask you to send proof of funds ... during the time when your visa is in process. They just want to confirm if you have held funds or not. With VC, there's no point asking because funds are with UK Based VC firm and you will get six months after visa to get access to it.
Now, age is not mentioned, but 18 years or above is generally required for doing business.
A US national is from a majority English speaking country, therefore he automatically qualifies for 10 points in English.
A US national applying from Pakistan is only possible if he has spent some considerable amount of time in Pakistan. Generally, two team members can file an application if one is in UK and other is at home country.
In my view (and in light of the points I have mentioned above), VC is the much better option.
- Open a registered company within 90 days before filing application. -> Wrongly said -> please refer uk ba policy guidence -> This needs to be done before six months after visa approval.
Must have a business plan, have marketing, advertisement and research material in hand (They can ask you during visa process) - This is at the discretion of case worker request.Not mandatory
Must also show that you have a contract in hand -> Not required to show .
Please go through policy guidance before giving any info on 200k funds.
1) For PSW's £50,000 funds only, 90 days rule apply. For £200,000, venture capital, one has to register a company after getting visa (within six months)
2) Even though it's at the discretion of case worker's request, don't you think it's better to have a business plan, marketing and research material in hand so that you are better prepared when asked for an interview?
-> yes but not mandatory - You said it is mandatory which is wrong - I am talking from UK BA policy guidance
3) They have asked someone (http://www.immigrationboards.com/viewto ... highlight=) in this forum about more details during visa processing phase. Obviously, you cannot have a contract if you don't have a company, so this only imply on PSW's £50,000 ones. - > this does not apply for 200k funds