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Director loan advice ??

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, archigabe

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adilzia
Member of Standing
Posts: 271
Joined: Thu Nov 29, 2012 5:40 am

Director loan advice ??

Post by adilzia » Mon Aug 15, 2016 12:13 am

Hello guys

Can you please advice me ?

We are on 200k route.Our extension is due next year in march.
We both team members will apply together.
We are trading through 2 limited companies and we both are directors and 50% shareholders of each company.
My team member has invested only £15000 in Company A and nothing in company B.
And i have invested almost 100k in company A and 110K in company B.
Our initial application was supported by third parties funds.(100k from each side)
Someone told me that you both are 50% shareholders in both companies thats why you have to invest equally in each company otherwise you will not get points for this.is that right ??

Thanks in advance

adilzia
Member of Standing
Posts: 271
Joined: Thu Nov 29, 2012 5:40 am

Re: Director loan advice ??

Post by adilzia » Tue Aug 16, 2016 1:58 am

please advice me pleaseeeee
specially zimba and other moderators

Obie
Moderator
Posts: 15156
Joined: Tue Apr 21, 2009 12:06 am
Location: UK/Ireland
Ireland

Re: Director loan advice ??

Post by Obie » Sat Aug 20, 2016 2:43 pm

There is no requirement for you to invest individually, so long as the funds are available to the 2 of you, and he is your team member.
[b]Entrepreneurial teams[/b] wrote: 51.Money for investment can be shared by a team of a maximum of 2 entrepreneurs. Each team
member may apply to come to the UK as a Tier 1 (Entrepreneur) migrant using the same
investment funds. Neither applicant must have used the same funds with any other applicant.
Please note: you should provide all the documents needed for evidence with your own
application. Your team member should also provide all the documents needed with their
application. In some cases this means that your team will need to send 2 sets of documents. It
will help in processing your application if you do not rely on information presented with anyone
else’s application.
52.You should remain aware that the Immigration Rules are subject to revision and update.
Therefore, if there is a time-lag between the submission of your own application and that of your
entrepreneurial team member, any changes to the Immigration Rules that take place during a
period between applications may affect your ability to apply as an entrepreneurial team.
53.No points will be awarded for funds that are made available to anyone else, other than your
entrepreneurial team member (if you have one). You may use your money that is held in a joint
account with your spouse or partner (defined as a person who has been living together with you
in a relationship akin to a marriage or civil partnership, for at least 2 years prior to the date of
application), and your spouse or partner is not (or is not applying to be) another Tier 1
(Entrepreneur) Migrant.
54. If either you or your entrepreneurial team member is applying in the UK, then you may only rely
on funds located in the UK.
55. In the case of entrepreneurial teams, where this guidance refers to funding being available, unless
stated otherwise, this means available to:
 You; or
 Your entrepreneurial team member; or
 Your business.
Where this guidance refers to your business, your business must be a company and you
must be registered as a director of that business in the UK, and provide a Companies House
document showing the address of the registered office in the UK, or head office in the UK if it
has no registered office, and your name, as it appears on the application form as a director.
Smooth seas do not make skilful sailors

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