- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Yes, she canomkarsg wrote:Thanks a lot Zimba. Also I have one question about the dependents.I have 3 dependents my wife and 2 sons , who got visa in april and they arrived here in the uk. Can my wife work full time here in the uk .Thank you very much once again.
I am guessing OP meant he transfered 85,000 not 985,000 and should be concerned about the 116K leftregularuser wrote:omkarsg,
Are you on 200k route?
Than you already invested more than required, so you don't need to worry about 116000 gbp and you can invest any time during the 3 years.
Hope it helps
In my case i transferred money after 2 years from my arrival,I applied entererenuer tier 1 visa extension in june and my solicitor told me that i should transfer money with 3-6 months from my arrival in Uk.omkarsg wrote:I am on tier1 entrepreneur visa( entry clearance , initial application) for the last one year and doing business in the uk. I got the visa last year in july 2015. My resident permit date shows (BRP) 06-07-2015 TO 06-11-2018. My first entry in the uk was on 12 july 2015 and immediately I became director of a limited company on 25 july 2015. I opened my bank account in November 2015 and transferred gbp 985000 in jan 2016. Now the remaining payment 116000 gbp I could transfer only in july 2016 as there are too many restrictions sending money abroad from india .(RBI does not allow to remit more than $250000 per person per year) So is there any time limit in the rules that the money should come in certain time period to invest in your business in the uk. For extention application I have more than 2 years in my hand.
A direct cash investment is only accepted if the transaction shows that it came from you personally under your name in business bank accounts. If not, going for the share investment is a safer optionomkarsg wrote:Dear Zimba
thanks for the answer.
But in case of proprietory firm the proprietor is the sole owner of that business.So that proprietor company and the person who is proprietor are not separate entity. The owner personaly is liable for everything .
Also now if I can not show this investment in the form of directors loan can I show this as share capital,because my final accounts for the first year is not yet submitted and are due in the next 3 months.
No, as per HO the money which you invest 50k or 200k that has to be from your pocket not from business. Also you can only take the money from your business either in form of salary or dividend on top of 50k or 200k, you must have to keep the specified limit in your business which should only be consumed by business only.omkarsg wrote:Dear members
I am on a 200k route. In case If some of the invested funds are not accepted by HO towards investment , for example 40000 pounds, In the three years of business if we earn profit of 40000 pounds through salary or dividend and if we put back that in the business account , will that be counted towards initial investment shortfall of 40000 pounds.
Investment = your money injected in the businessomkarsg wrote:Dear awan905
If profits are not allowed or accepted then can we put our own money to fill that shortfall of 40000 pounds and get points for investment.
omkarsg wrote:Dear Zimba88
I did not understand what you mean. Please read my earlier thread which awan905 replied then you can understand what I wanted to ask. Please reply .