Succesful Accelerated ILR - complete document list + Formats

rahulsingh1 wrote:Also- for all the people who have questions about investment money and how it should be spent.

We only transferred 200k from personal bank account to business bank account. thats it.

We did not spend even 1 penny from this pool as our business had revenues from the 2nd month and was profitable every single month after employee/admin costs, so there was no need to spend anything from this 200k. It just sat there the whole 3 years without much use(which is a shame).

UKBA are not fools as we think, they understand that businesses do NOT not spend money if NOT required.

For them the meaning of investment is that you have transferred money into the business bank account. Their line in the guidance which says that money should not sit idle in the bank account and should be used actively- I think it is for applicants in the property business. It did not affect us.

ishfaqsangra wrote:1-Currently,they are not asking for even business bank statements and you are gone to invoices,They are not accountants to do your accounts your accountant has to do this and to confirm the investment.although this could be asked by HMRC or if you are called for interview(in case they are doubtful about the investment or genuineness),but till date no invoices to be produced to Home Office.It is very likely that they request Business bank statements in near future,
2-Salaries are counted as investment so there should not be any issues.
3-Directors salary would be part of expense in annual accounts but for Home office accountant has to deduct it (thats what I think)before certifying net investment.
4-Your 2 employees for 3 years would count towards 10 employee creation but you definitely need more.(10 employees=120 months of full time employment)

Put more question my dear but first rigorously go through related posts