Various Tier 1 Ent Questions

[Sonia...]

Hi,

Just wanna confirm on do we need to submit contracts and proof of marketing/trading activities for extensions or are these docs required for initial applications only? If not, then how do we proof that our business has been active/trading throughout the time of our stay.

Thanks in advance,
Sonia

[FKS21177]

by Sonia... » Mon Apr 11, 2016 2:35 pm
Hi,

Just wanna confirm on do we need to submit contracts and proof of marketing/trading activities for extensions or are these docs required for initial applications only? If not, then how do we proof that our business has been active/trading throughout the time of our stay.

Thanks in advance,
Sonia

You don't have to as long you are director and submitting Annual accounts which will show your sales etc proves business is active and if they need contracts or further evidence they will ask you to provide.

[Sonia...]

Hi,

Do we need to draft director's loan agreement on accountant's letter head along with your accountant's signature or does it need to be on a plain or company letter head with your (director) signature only?

Regards,
Sonia

[Sonia...]

Hi,

The guidance suggests:

"When evidencing the investment: (1) The audited or unaudited accounts must show the investment in money made directly by the you, in your own name or on your behalf (and showing your name)"

Does it mean that I have to specifically add my name as a lender in accounts or just saying 'Director's loan' would do the job, as it is understood that I (candidate) is the director. Also can anyone please share the exact note that I need to draft in my annual accounts as per the above clause?

Regards,
Sonia

[alex87]

Director's loan agreements have nothing to do with the accountant. They do not need to be on a letterhead and certainly do not have to be signed by the accountant.

[Sonia...]

Hi,

I have two Bulgarian employees working for my business. Can I submit their Bulgarian national identity card as a proof of settled worker. None of them have passports as they can easily travel through ID cards. As far as their birth certificates are concerned, they left it in Bulgaria.

Regards,
Sonia

[CR001]

It is not necessary to start a new topic with each question you have. Your topics have been merged. Please see Multiple Posts (click)

[Sonia...]

Hi,

I entered tier-1 entrepreneur category in the year 2013 and later created one of the positions (job) in my business for a period of 2 months only. Would I be able to claim job creation points for this period or did this position has to exist for a minimum of 6 months at least. I have been informed there is no requirement of job creation for a period of 12 months at least for candidates entering this route before April 2014.

Also, if I am able to claim points for this period, I actually had three employees working for my company during this period, where one employee was working at 18 hours per week and two employees were working at 24 hrs per week/each. That makes the total hours of all three of these employees to 66. Does that mean I can claim points for two full time employees for this period?

Regards,
Sonia

[zimba]

I entered tier-1 entrepreneur category in the year 2013 and later created one of the positions (job) in my business for a period of 2 months only. Would I be able to claim job creation points for this period or did this position has to exist for a minimum of 6 months at least. I have been informed there is no requirement of job creation for a period of 12 months at least for candidates entering this route before April 2014.

Yes. Under transitional arrangements, you are allowed to create multiple positions and add all those periods together to reach the equivalent of at least 104 weeks (two full years, min 30 hours a week)

Also, if I am able to claim points for this period, I actually had three employees working for my company during this period, where one employee was working at 18 hours per week and two employees were working at 24 hrs per week/each. That makes the total hours of all three of these employees to 66. Does that mean I can claim points for two full time employees for this period?

This is not clear from from the guide or in the rules. Part time hours can be added to reach a min 30 hours a week, however according to the rules hours created beyond 30 are ignored.