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Are Tier 4 students allowed to open NON-TRADING company?

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

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BlackBirdSSG
Member of Standing
Posts: 264
Joined: Mon Feb 25, 2013 5:28 pm

Are Tier 4 students allowed to open NON-TRADING company?

Post by BlackBirdSSG » Wed Nov 27, 2013 6:10 am

Are Tier 4 students allowed to register a non-trading company?

The reason I'm asking is because nowadays, many UK based FCA regulated companies are only willing to provide sponsorship under the name of a registered company (not individuals).

Since students are not allowed to do business or trade, opening a non-trading company means that you are just reserving name. However, if you are switching from Tier 4 or Tier 2 into Tier 1 entrepreneur, it is very hard to get funding under your name.

This query is for £50,000 switch inside the UK.
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Lucapooka
Respected Guru
Posts: 7616
Joined: Sun Aug 14, 2011 10:30 am
Location: Brasil

Post by Lucapooka » Wed Nov 27, 2013 7:58 am

Students can't be employed beyond the permitted limits and can't be self employed. There is nothing to prevent a student being the director of a company and taking dividends.
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