Scoring Points For Investment In UK Business
Investing in a business as an entrepreneur requires a Tier-1 visa. It is quite difficult to get categorized under it as it is mostly meant for High-net worth members. People interested in starting a new business or providing jobs to UK citizens are included here. The individual usually gets the visa based on a points system before starting his business.
If one needs to extend his permission to stay in the UK, then he needs to score. This falls into a system of points. As per this point based system, the individual should have a minimum of 75 points. This is to get his visa extended under Tier-1 (Entrepreneur) category.
Out of the 75 points, 20 are based on his investments. Scoring points for investment in UK business could be done by tapping this opportunity. An individual could score 20 points if he has invested £200,000 or more directly in UK businesses. The same could also be obtained if the person had £50,000 from venture capital firms earlier.
This cash could be from seed funding companies or UK governments’ firms. All of this cash should have been invested in the business. The individual has to send the evidence along with documents proving his investment. This is how the person is checked to comply with the requirements.
While showing these investments, one has to take care of a few more policies. The money should not be invested in properties or developments. If one uses the same property for business and residence, then verification is needed. This has to be done by individuals from the RICS committee.
The greater the points scored, the easier is the renewal or extension of the visa. Scoring points for investment in UK business is thus an opportunity for getting better valuation. Hence complying with all regulations with an application would provide an extension. This extension is submitted to the UK Border agencies in the UK.
Investing in a business as an entrepreneur requires a Tier-1 visa. As per this point based system, the individual should have a minimum of 75 points. An individual could score 20 points if he has invested £200,000 or more directly in UK businesses.
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