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Ankara Agreement Visa Entry Clearance: Guidelines on Investing into UK Business

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International entrepreneurs and overseas clients more often would like to relocate to the UK in order run business on ankara agreement visa. Some of the clients are looking for investing in existing company, based on general questions, please find answers below:

  1. Which documents must be provided for existing business in order to be qualified for Ankara Agreement Visa?

Applicants joining an existing business must provide business accounts immediately prior to joining the existing business. This is to establish the financial position of the business and show that they will be joining a legitimate business that is able to support them and any dependants.

Applicant must be satisfied that the:

  • business is viable (not insolvent)
  • applicant can bear their share of the debts or liabilities of the business
  • proposed investment is proportional to their role in the business
  • net profits of the business are sufficient to support the applicant and any dependants included in the application.
  1. Does applicant need to prepare any partnership agreement; does the applicant must be involved in business actively?

Applicants joining an existing business must be actively involved in that business and not using the application as an attempt to secure leave for some other purpose. Applicant must be satisfied the evidence provided confirms the terms of the partnership agreement and the partnership agreement has a realistic chance of being fulfilled. The involvement should take up most of the applicant’s working time.

  1. Does applicant need to provide evidence there is a genuine need for the applicant’s services and investment?

Yes, Applicants joining an existing business need to show there is a genuine need for their services and investment. This could be demonstrated by showing how the proposed investment will be used to grow and increase the net profit of the business. You must be satisfied the proposed investment is backed up by legal documents, such as the partnership agreement, and the applicant must show they will be fully integrated into the business and have an active involvement in the business.

Applicants joining an existing business must provide business accounts (preferably audited) immediately prior to joining the existing business. This is to establish the financial position of the business and show that they will be joining a legitimate business that is able to support them and any dependants.

Applicant must be satisfied that the:

  • business is viable (not insolvent)
  • applicant can bear their share of the debts or liabilities of the business
  • proposed investment is proportional to their role in the business
  • net profits of the business are sufficient to support the applicant and any dependants included in the application.
  1. What type of written statement the applicant must provide in order to enter the business?

Applicants joining an existing business need to provide a written statement of the terms on which they will enter the business. This should take the form of an agreement between the applicant and the current owner of the business detailing the terms and conditions that s/he will enter the business. This can include all the financial aspects of the partnership.

The following factors can be considered, when assessing an applicant joining an existing business:

  • the applicant is devoting their own funds or assets to the business
  • they are making a financial investment in the business proportional to their role in the business
  • they are taking their share of the profits of the business
  • they are involved in strategic decision-making and long-term operational decisions
  • they have responsibility for their share of the business liabilities

FREE CONSULTATION FROM IMMIGRATION LAWYERS IN LONDON – ANKARA AGREEMENT VISA

You can request 15 minutes free consultation from our immigration lawyers; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.