Post
by aman90 » Tue Mar 31, 2015 6:17 pm
As far as my understanding goes after thoroughly reading the caseworker guidelines and guidance notes and some common sense... The 200k investment must be in the UK, must be used towards the business expenditures(that constitutes investment).If its in the form of directors loan then the remaining balance(whatever it is at the time of extension) can lay in the bank account. Common sense tells me that the premise of this visa is simple. Immigrate, set a business, float money in the economy, hire people so that they dont claim benefits, pay your taxes..and act as a model British citizen, assimilate with all. Common sense also tells me that you should spend as much is required to avoid bankruptcy...how would it look if you spent 200k and were in a loss(which is possible)...how does that make any financial sense...most new businesses go through ups and downs, even if ur not making a profit if you are even, that means ur successful. This 200k is ur safe way which you shall be using for times when you are not making any profit but just to keep urself afloat, to pay the business related expenses. Keep it simple folks. Coz it is very very simple. Dont waste time on stupid lawyers who dont know jack all coz even the entrepreneur visa policy makers are unsure..if its not in the above two guidelines then dont worry abt it. It is that simple...