Obtained ILR on Tier 1 Entrepreneur Visa in 3 Years

[entrepreneur]

Hello All,

All the immigration experts please kindly answer my question.

I have been able to obtain ILR in 3 years ( Accelerated route )

Now that I have ILR will I be able to apply for naturalization/british citizenship next year, or I have to complete the five years residence in U.K before applying. thanks

Regards
Entrepreneur

[attahaas]

Congrats on the ILR!

Regarding Naturalisation, you need to have residence in the UK for an entire 5 years period, with a maximum of 450 days of absence together in the 5 years, of which the absence should not be more than 90 days in the last 12 months. The only exception to this rule is if you are married to a British National, then the residence requirement is only 3 years with 270 days of total absence and less than 90 days of absence in the last 12 months. For more information, go through these two guides:

BOOKLET AN: Naturalisation Booklet – The Requirements (To be read in conjunction with GUIDE AN)

GUIDE AN: Naturalisation as a British citizen – A guide for applicants (To be read in conjunction with BOOKLET AN)

Another document published by the UKBA and it is in concert with the above 2 documents:
BN7 - NATURALISATION AS A BRITISH CITIZEN

Looks like you need to wait another couple of years to get British (unless you are married to a British National).

Would you be kind enough to share more details and/or documents submitted to get the ILR? What kind of business you do, how did you get the equivalent of 10 new jobs for1 year, etc.? Will help all the board members. Thanks.

[rahulsingh1]

Congrats entrepreneur!

Yes if you coupld please share the docs used, that would really help other members in the forum.

Best Regards,

[imran10]

Congrats Entrepreneur.

Can you please provide some information what documents you submit.

[saeedusman]

Congratulations

Will be interested to see the comination of 10 jobs how it was used or if it was millions of turnover

[samaygrg]

Hello All,

All the immigration experts please kindly answer my question.

I have been able to obtain ILR in 3 years ( Accelerated route )

Now that I have ILR will I be able to apply for naturalization/british citizenship next year, or I have to complete the five years residence in U.K before applying. thanks

Regards
Entrepreneur

Congratulations. Please share your extension application experience.

[entrepreneur]

Hello All,

I generated 5 million turnover to qualify for ILR,and submitted the following documents.

Personal

1. Application Form ( for ILR )
2. Life in UK test certificate
3. English Test certificate (trinity college)
4. 6 months bank statement

Business :

1. Certificate of incorporation
2. Company house current appointment report
3. Business account statement
4. Unaudited accounts with compilation report
5. Director loan agreement
6. Meeting minutes for director loan
7. Acknowledgement of a company tax return (CT620)
8. Certificate of VAT registration
9. Business rate bill for business premises
10. Business premises lease agreement copy

Employees :

1. Accountant letter confirming the creation of jobs
2. P11's
3. P35
4. Employees payment history report
5. Employees status documents and wages slips copies

Below you can see copy of my post for my application timeline

Re: ILR postal applications (excluding SET(LR))
Postby entrepreneur » Fri Sep 05, 2014 8:27 pm

Alhamdulilah by grace of Allah We have received our ILR. Also thanks to this forum.

Set (0)Tier 1 Entrepreneur ( Accelerated Route )
Myself and 2 Dependants

Date of application: 12/05/2014
Date of application received at HO: 13/05/2014
Date bio-metrics completed: 06/06/2014
Date of BRP received : 01/09/2014 (Only for 1 Dependant) remaining today 05/09/2014 collected from dx depot (missed delivery)
Date of originals received : 04/09/2014
Date of decision letter : Still waiting ... (Actually not waiting now)

So I guess I am the first May Applicant on this forum. It took 3 months and 3 weeks for HO to make decision for my application. I wish good luck to everyone waiting,Inshallah you all we get positive decision soon.
entrepreneur
Newbie

Posts: 10
Joined: Sat May 21, 2011 11:04 am

I hope it will be helpful for all.

regards
entrepreneur

[attahaas]

Thanks Entrepreneur for the detailed post above.

When you say turnover, did you generate all the 5 millions in sales alone? And how long did it take you to reach that target? TIA.

[rahulsingh1]

Hi Entrepreneur,

Thank you for your detailed reply. It is very helpful.

I have the following questions, it would be very kind if you could clarify as it will help all of us.

Q1)
The guidance for accelerated ILR does not ask for the following documents..
9. Business rate bill for business premises
10. Business premises lease agreement copy
Did you subtmit them as extras, or were they asked for anywhere ?

Q2)
4. Unaudited accounts with compilation report - What is a compilation report ? Can you please elaborate a bit ?
6. Meeting minutes for director loan - I understood the director loan agreement, but what is ia meeting minutes document ? Could you please explain ?

5. Director loan agreement - Would you please be able to post just a sample of one of your agreements, as it will help us all get an idea of it.


Q3)

4. Employees payment history report - I thought this was the P11, or is this something different ? Could you please elaborate how this is generated ? Or what this is exactly ?

Thank you so much for your detailed replies. These will help us all!

Best Regards,

[cappachino]

Hello All,

All the immigration experts please kindly answer my question.

I have been able to obtain ILR in 3 years ( Accelerated route )

Now that I have ILR will I be able to apply for naturalization/british citizenship next year, or I have to complete the five years residence in U.K before applying. thanks

Regards
Entrepreneur

Congrats

[entrepreneur]

Hello All,

here are the answers to the questions I have been asked so far.

Q : When you say turnover, did you generate all the 5 millions in sales alone?

A : Yes,I generated all the 5 million in sales.

Q : And how long did it take you to reach that target? ( You shouldn't be asking that,it depends on individual's business )

A: Anyway I will still answer that to you,it took about 30 months.


Q : The guidance for accelerated ILR does not ask for the following documents..
9. Business rate bill for business premises
10. Business premises lease agreement copy
Did you subtmit them as extras, or were they asked for anywhere ?

A : Yes,I submitted them as extras.


Q : Unaudited accounts with compilation report - What is a compilation report ? Can you please elaborate a bit ?

A : You can ask your accountant he/she must know about it. It is the compilation of each and every invoice/sales and purchase/expense of the the company.

Q : Meeting minutes for director loan - I understood the director loan agreement, but what is ia meeting minutes document ? Could you please explain ?

A :

( Your company name )
company address

Date : 00/00/2000

Meeting Minutes

A company meeting was held at the above address on the above date at 10.00 AM, to discuss Director's Loan to the company.

It was decide that the director (your name) would invest £ 000000 (amounts in words) in (your company name,company number).
This amount to be treated as the director's loan to the company in the statutory accounts.

The meeting was concluded at 10.30 AM.

Director
(Your name)
Sign

Q : Director loan agreement - Would you please be able to post just a sample of one of your agreements, as it will help us all get an idea of it.

A :
DIRECTOR’S LOAN AGREEMENT



This agreement is made on the 00/00/2000

BETWEEN

The Lender MR Your Name (Director, ABC Ltd (company no))


AND

The Borrower ABC LTD (company no)


Concerning


The Loan Amount £000,000.00 (amounts in words)


WHEREAS the parties acknowledge that they have entered into this agreement freely and voluntarily, fully understanding its provisions and having had the opportunity to take legal advice should they so wish.

IT IS HEREBY AGREED AS FOLLOWS

1. The Loan
Upon the execution of this agreement, and subject to its terms the Lender (Mr your name (Director, ABC Ltd) agrees to make a loan to the Borrower (ABC Ltd) in the sum of the Loan Amount as set out above.

2. This loan is Interest Free, Unsecured & subordinated in favour of third party creditors of the Company (ABC Ltd). The loan is repayable after 10 years.

3. Whole Agreement, Governing Law and Severability

3.1 This document constitutes the entirety of the agreement between the parties. It supersedes any prior representations which may have been made, whether orally or in writing. Any modification to this agreement must be made in writing and signed by both the Lender and the Borrower.

3.2 This agreement shall be governed by the Laws of England and Wales.

3.3 All clauses, sub clauses and parts thereof shall be severable and shall be read and construed independently. Should any part of this agreement be found invalid, this will not affect the validity or enforceability of the any other provision or of this agreement as a whole.

3.4 All terms, conditions and covenants contained in this agreement shall bind the parties and their heirs, legal representatives, successors to title and permitted assignee.


IN WITNESS WHEREOF the parties have caused this agreement to be executed on the day and date first before mentioned.


Lender----------------------------------------------------Borrower:

MR Your name-------------------------------------------ABC Ltd


____________________________--------------------______________________________
(Sign)------------------------------------------------------(Sign)

______________________________------------------______________________________
(Date)-----------------------------------------------------(Date)






In the presence of ------------------------------------In the presence of

______________________________-----------------______________________________
(Witness Name)----------------------------------------(Witness Name)



______________________________------------------______________________________
(Witness Signature& Date)----------------------------(Witness Signature& Date)


______________________________------------------______________________________
(Witness Address)---------------------------------------(Witness Address)



______________________________-------------------______________________________




Q : Employees payment history report - I thought this was the P11, or is this something different ? Could you please elaborate how this is generated ? Or what this is exactly ?

A : I asked my accountant for it and he gave me something that is called " Employee History Report (Detailed)".It has the details of the following in it : Total gross, E'er NIC, E'ee NIC, Tax Paid, Net Pay.



regards
Entrepreneur.

[rahulsingh1]

Hi Entrepreneur, that is very helpful to all of us ! thank you again for that.

Just a last question, did you get the ILR just yourself or did your dependents get it as well, as I am being told that only the main applicant will get it and the dependents will have to wait for 5 years.

Best Regards,

[attahaas]

Hello All,

here are the answers to the questions I have been asked so far.

Q : When you say turnover, did you generate all the 5 millions in sales alone?

A : Yes,I generated all the 5 million in sales.

Q : And how long did it take you to reach that target? ( You shouldn't be asking that,it depends on individual's business )

A: Anyway I will still answer that to you,it took about 30 months.

Thanks for the answers.

But, if you don't like to answer a question just say so. You don't have to tell me what I "should" ask or not. That's condescending!

It's evident that you could have achieved that target anytime in the 3 years period, but I asked just out of sheer curiosity. I could have used a similar patronising tone and said that you "shouldn't" be asking the original question because you can read English and can get information from the gov website. That would be too arrogant, wouldn't it? Instead, I replied to your post amicably without saying so. Hope you would be more considerate in your responses. Thanks.

[rahulsingh1]

mate attahas, i dont think entrepreneur was condescending, you are diverting from the topic here which is about ILR and taking is personally. what he said is perfectly right, as how much time entrepreneur took to reach 5mn sales does not have any bearing with anyone elses ilr application. neither yours nor mine, so it was quite frankly a question just for the sake of asking. Plus he actually replied to you quite nicely.

[attahaas]

Rahul, I guess you missed the "sheer curiosity" part. And, by the way, this OP wasn't even about ILR, it was about the timeline to obtain citizenship. Entrepreneur already posted about his ILR process on the ILR forum, please check there. Any response in this thread other than that related to citizenship query is diverting, isn't it?

Who doesn't like to share their wisdom and opinions even when not needed....

[samaygrg]

Many Thanks. You have been very helpful to all of us. I wish you all the very best.

Hello All,

here are the answers to the questions I have been asked so far.

Q : When you say turnover, did you generate all the 5 millions in sales alone?

A : Yes,I generated all the 5 million in sales.

Q : And how long did it take you to reach that target? ( You shouldn't be asking that,it depends on individual's business )

A: Anyway I will still answer that to you,it took about 30 months.


Q : The guidance for accelerated ILR does not ask for the following documents..
9. Business rate bill for business premises
10. Business premises lease agreement copy
Did you subtmit them as extras, or were they asked for anywhere ?

A : Yes,I submitted them as extras.


Q : Unaudited accounts with compilation report - What is a compilation report ? Can you please elaborate a bit ?

A : You can ask your accountant he/she must know about it. It is the compilation of each and every invoice/sales and purchase/expense of the the company.

Q : Meeting minutes for director loan - I understood the director loan agreement, but what is ia meeting minutes document ? Could you please explain ?

A :

( Your company name )
company address

Date : 00/00/2000

Meeting Minutes

A company meeting was held at the above address on the above date at 10.00 AM, to discuss Director's Loan to the company.

It was decide that the director (your name) would invest £ 000000 (amounts in words) in (your company name,company number).
This amount to be treated as the director's loan to the company in the statutory accounts.

The meeting was concluded at 10.30 AM.

Director
(Your name)
Sign

Q : Director loan agreement - Would you please be able to post just a sample of one of your agreements, as it will help us all get an idea of it.

A :
DIRECTOR’S LOAN AGREEMENT



This agreement is made on the 00/00/2000

BETWEEN

The Lender MR Your Name (Director, ABC Ltd (company no))


AND

The Borrower ABC LTD (company no)


Concerning


The Loan Amount £000,000.00 (amounts in words)


WHEREAS the parties acknowledge that they have entered into this agreement freely and voluntarily, fully understanding its provisions and having had the opportunity to take legal advice should they so wish.

IT IS HEREBY AGREED AS FOLLOWS

1. The Loan
Upon the execution of this agreement, and subject to its terms the Lender (Mr your name (Director, ABC Ltd) agrees to make a loan to the Borrower (ABC Ltd) in the sum of the Loan Amount as set out above.

2. This loan is Interest Free, Unsecured & subordinated in favour of third party creditors of the Company (ABC Ltd). The loan is repayable after 10 years.

3. Whole Agreement, Governing Law and Severability

3.1 This document constitutes the entirety of the agreement between the parties. It supersedes any prior representations which may have been made, whether orally or in writing. Any modification to this agreement must be made in writing and signed by both the Lender and the Borrower.

3.2 This agreement shall be governed by the Laws of England and Wales.

3.3 All clauses, sub clauses and parts thereof shall be severable and shall be read and construed independently. Should any part of this agreement be found invalid, this will not affect the validity or enforceability of the any other provision or of this agreement as a whole.

3.4 All terms, conditions and covenants contained in this agreement shall bind the parties and their heirs, legal representatives, successors to title and permitted assignee.


IN WITNESS WHEREOF the parties have caused this agreement to be executed on the day and date first before mentioned.


Lender----------------------------------------------------Borrower:

MR Your name-------------------------------------------ABC Ltd


____________________________--------------------______________________________
(Sign)------------------------------------------------------(Sign)

______________________________------------------______________________________
(Date)-----------------------------------------------------(Date)






In the presence of ------------------------------------In the presence of

______________________________-----------------______________________________
(Witness Name)----------------------------------------(Witness Name)



______________________________------------------______________________________
(Witness Signature& Date)----------------------------(Witness Signature& Date)


______________________________------------------______________________________
(Witness Address)---------------------------------------(Witness Address)



______________________________-------------------______________________________




Q : Employees payment history report - I thought this was the P11, or is this something different ? Could you please elaborate how this is generated ? Or what this is exactly ?

A : I asked my accountant for it and he gave me something that is called " Employee History Report (Detailed)".It has the details of the following in it : Total gross, E'er NIC, E'ee NIC, Tax Paid, Net Pay.



regards
Entrepreneur.

[entrepreneur]

Hello All,

here are the answers to the questions I have been asked so far.

Q : When you say turnover, did you generate all the 5 millions in sales alone?

A : Yes,I generated all the 5 million in sales.

Q : And how long did it take you to reach that target? ( You shouldn't be asking that,it depends on individual's business )

A: Anyway I will still answer that to you,it took about 30 months.

Thanks for the answers.

But, if you don't like to answer a question just say so. You don't have to tell me what I "should" ask or not. That's condescending!

It's evident that you could have achieved that target anytime in the 3 years period, but I asked just out of sheer curiosity. I could have used a similar patronising tone and said that you "shouldn't" be asking the original question because you can read English and can get information from the gov website. That would be too arrogant, wouldn't it? Instead, I replied to your post amicably without saying so. Hope you would be more considerate in your responses. Thanks.

I Am sorry if you got offended by my answer.Please accept my apology.

“To be sensitive is fine, but it makes day-to-day living- life -rather painful.”

regards
entrepreneur

[entrepreneur]

[quote="sweetjane"]Hi Entrepreneur

Congratulations on getting your accelerated ILR!
Many thanks for your extensive replies and templates - they are really helpful.

I'm due to extend my visa early next year and have a few more questions I'd appreciate if you could answer:

1) Did you submit the extension application on your own or did you have a solicitor represent you?

A: Yes, I did submit the application myself

2) Director's loan agreement: In your loan agreement template, in addition to yourself (director) it will also be signed by the company (borrower). Did you sign for this twice? As I'm assuming that you are your company's main director and shareholder and besides lending the funds, you would also represent the company.

A: Yes You assumed correctly I signed for both.

3) Meeting Minutes - Is this only signed by you (in the capacity of a director) do all other directors (if any) have to sign it?

A: Sorry cannot give you any affirmative answer on that.But I guess its need to be signed by all directors.

4) Unaudited accounts with compilation report - How was the director's loan indicated in the accounts? Did you have a director's loan account in place?

A: It was indicated as Creditors in company's annual account balance sheet, and in notes to the accounts ( also in company's accounts ) as Other creditors ( Director's loan to the company ).Your accountant must be able to help you on that.

I hope my answers are helpful to you, and good luck for your extension application.

regards
entrepreneur

[sajjuz]

Salaam entrepreneur,
Many many congrats on this achievement. I have sent you a message please reply if possible. Thank you for all the details and your time.

[MTZ510]

Thank you entrepreneur for sharing the information.
Assuming that you have made investment over period of time, what was the date on Directors Loan Agreement you had submitted.

Hi Entrepreneur

Congratulations on getting your accelerated ILR!
Many thanks for your extensive replies and templates - they are really helpful.

I'm due to extend my visa early next year and have a few more questions I'd appreciate if you could answer:

1) Did you submit the extension application on your own or did you have a solicitor represent you?

A: Yes, I did submit the application myself

2) Director's loan agreement: In your loan agreement template, in addition to yourself (director) it will also be signed by the company (borrower). Did you sign for this twice? As I'm assuming that you are your company's main director and shareholder and besides lending the funds, you would also represent the company.

A: Yes You assumed correctly I signed for both.

3) Meeting Minutes - Is this only signed by you (in the capacity of a director) do all other directors (if any) have to sign it?

A: Sorry cannot give you any affirmative answer on that.But I guess its need to be signed by all directors.

4) Unaudited accounts with compilation report - How was the director's loan indicated in the accounts? Did you have a director's loan account in place?

A: It was indicated as Creditors in company's annual account balance sheet, and in notes to the accounts ( also in company's accounts ) as Other creditors ( Director's loan to the company ).Your accountant must be able to help you on that.

I hope my answers are helpful to you, and good luck for your extension application.

regards
entrepreneur

[solos]

Honestly, this site is helpful. I am in a similar situation and my point is on naturalization. I have been in the UK for about 6 years now, but only joined the Tier 1 entrepreneur about 3 years ago and am working on going on the accelerated route to secure the ILR. My question is can i proceed further immediately after ILR for naturalization or do i have to wait for the next 2 years when i must have been 5 years in the UK after my first Tier 1 Entrepreneurship application?

the other years was spent on student Visa and Post study work.
Please someone help me here.

[siavashes]

You must have been physically present in England, Wales, Scotland, Northern Ireland, the Isle of Man or the Channel Islands on the day 5 years before the application is received by the Home Office.

[nadeem75]

Hi,
I m doing my t1 extension please advice
About compilation report.
If you forward me format. It would very kind.

Regards.
Nadeem.

[cappachino]

Hello
I have a similar question.
Can you please share compilation report format.
I did check with my accountant and he gave me a balance sheet, profit and loss statement and fixed asset schedule.