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How can I use previous investments to apply for a U.K. tier 1 entrepreneur visa?

I learned that it is possible to use a previous investment for a U.K. tier 1 entrepreneur visa if the investment was made no more than one year prior to the visa application. I started to invest in my friend’s company three years ago. The investment was made gradually, with 20,000 pounds at a time. The total investment amount has reached 60,000 pounds, which exceeds the minimum requirement of tier 1 visa. The only investment made within the previous 12-month window was 10 months ago, which still meets the requirement. My question is, in my case, how I can use the accumulative investment to apply for the tier 1 entrepreneur visa?

  • Matini Montecristo LLP
    November 03, 2018

    You can rely on investments made in the 12 months prior to the date of application. You would need to be appointed as a director of the company and provide the specified evidence with regard to the investments. Without knowing the nature of the company and investments, we cannot say what this would be.

  • Fragomen LLP
    November 05, 2018

    The rules only permit you to rely on funds that you have invested into a U.K. company within the most recent 12-month period prior to the date of your tier 1 entrepreneur application. Based on the below, it would appear as though you may be able to rely on the investment that was made 10 months ago if you are in a position to apply within the next two months and you can demonstrate that, in addition to the amount already invested, you also hold the balance of funds that would need to be invested to take your total investment to at least 200,000 pounds. If you are relying on any funds that you have already invested, then it is important that these funds are clearly recorded in the company's accounts as having been invested in your name and that you have the required supporting evidence available.