Entrepreneur visa for investor manager
Gannons helped an investor secure an entrepreneur visa.
Our client wanted to invest and manage a UK hi-tech start-up. He required an entrepreneur visa, given that he was not a resident of the UK. Besides capital, he brought considerable experience, having founded several Silicon Valley start-ups.
First, we ensured that we understood our client’s objectives. These were his expectations, his role, and the investment structure in the company. The possibilities included: being a simple financier; a financier with management control; or whether he would provide loans or equity to businesses.
Our client was bringing his significant start-up experience and considerable cash. Hence, the second option was the best for him. We secured him voting equity. His influence would tilt any ordinary shareholder resolution, and thus he gained a seat on the company’s board.
Entrepreneur visa requirements
To fulfil the entrepreneur visa requirements, the hi-tech company had to employ an extra person, whilst our client was a shareholder. This was the key sticking point. We carefully negotiated. However, the hi-tech company required capital to increase the scale of its business and make the additional hire.
Company due diligence
Our client’s investment only made sense if he could define the company’s sales strategy and execute his plan, in order to scale the business. To allow him to proceed as he saw fit, we checked the articles of association, the document that governs how the company is managed. We also recommended a shareholder’s agreement.
To protect our client, we negotiated amendments to the articles and drafted a new shareholder’s agreement, which they then implemented. Together, these documents protected our client during board room and shareholder votes.
We are specialists in entrepreneur and investor visas. With company and commercial expertise, we ensure your investment in a UK company works best for you.