Congratulation.

Can you please share your documents list.

Thanks

Dear Gurus, I am applying for extension soon and need some clarification about the following paragraph which is on the first page of the Tier1 Entrepreneur Application form. "On 11 July 2014, the Immigration Rules were amended for applicants who have, or were last granted, leave as a Tier 1 (Post-St...

Thanks marcnath;)

You are very helpful. GOD bless you.

This was super quick.

Can I request you to please share your list of documents so that every applicant applying for extension can get some sort of benefits.

Thanks

Dear Gurus, I have extension due in three months and have following questions to ask. Can I request senior members to please help me with these queries. 1. Do I need to sign and stamp on payslips, RTI's, P46 and employee's passport? 2. Director of the company is on payroll but not drawing monthly sa...

Congratulation! That was quick.

Did you take salary/dividend during last three years?
If yes, did you take it from your sale/turnover or investment?

Thanks in advance

Hi Clout,
Congratulation for extension.
Can I ask you few questions for clarification?
Did you take salary or dividend during last three years?
If yes, did you take it from your sale/turnover or investment?

Many thanks

Dear Gurus, I understand that it is clearly described on HO Entrepreneur guidelines that two jobs should exist for at least 12 months and 130 hours in a month will be considered as full time employment. However, still I have silly question and I would appreciate if any of the senior members can answ...

Thanks Zimba88 for your valuable feedback. Much Appreciated. 1. Would HO consider 50k investment in this case? Invested does NOT mean spent. HO set out clear guidance on what counts as invested and what you need to send as evidence It means once money has transferred from Personal account to Busines...

Hi I have a question regarding investment evidence. If funds have been transferred from personal account to Business account , say 50k through director loan and company has generated revenue for three say 60k and expenses say 50k. Details Ist year Revenue: 12k Expenses: 10k Net profit: 2k 2nd year R...

Hi Awan905, Thanks for your comments. However I am still confused how HO use this formula to calculate Director loan. I have checked my company’s first year accounts balance sheet. It shows Director loan (DL): 27000/- Fixed Assets (FA): 362/- Debtors: 802/- Cash in Bank at the end of year(CB): 27500...

Hi Zimba, You have included profit of both years in the investment. I am not sure if we can do this. Otherwise everyone would consider year end net profit as investment. I am still confused and don’t know the exact figure of investment required to meet 50K target. Gurus please throw some light on th...

Hi I have entrepreneur extension next year September 2016 and have following questions in my mind. Can anyone please clarify if I have calculated right investment made so far. Investment details: Ist accounting year 2014: 27,000/- 2nd accounting year 2015: 13,000/- Total investment so far: 40,000/- ...

What if someone has not invested 50K but invested less than 50k till 2nd year but do have to plan to invest remaining in future.

In this case if the company is in profit.

Can Director take salary and dividend?

Thanks

Sorry Zimba, I could not understand following sentence. Can you please explain in detail. "If you choose to pay yourself a salary, I suggest you to make sure your business have spent at least 50K on the allowable expenses and keep your remunerations well below your profits to be safe." For instance....

Someone on this forum said director cannot draw salary or dividend . However I could not find anything related to this on HO guidelines. Also how director would survive without taking salary from the company as he cannot work anywhere else. I believe if company is in profit and investment remained i...

Hi everyone, I'm on tier1 Entrepreneur visa with 50k route and preparing myself for the extension due soon. Investment was made 50K through director loan and director withdrawn minimum salary from the business account as Company was in profit in first year. I need clarification on following question...