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DIRECTOR'S LOAN AGREEMENT

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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Adii
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DIRECTOR'S LOAN AGREEMENT

Post by Adii » Wed Jun 07, 2017 12:08 pm

has the director agreement be drafted on companies letter head or a plain paper? and also how do we legalise the document?
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zimba
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Re: DIRECTOR'S LOAN AGREEMENT

Post by zimba » Wed Jun 07, 2017 12:44 pm

There are no such requirements for a loan's agreement. It does not require signature of anyone else except yourself.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice
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waheguru
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Re: DIRECTOR'S LOAN AGREEMENT

Post by waheguru » Wed Jun 07, 2017 6:54 pm

there should be two witness while making director loan aggreement i recently submitted application and my accountant sign as witness and ine of my friend sign as second witness as iam director so i also sign !! thanks
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marcnath
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Re: DIRECTOR'S LOAN AGREEMENT

Post by marcnath » Wed Jun 07, 2017 7:49 pm

There are no requirements for witnesses.

As this is a contract between the company and the Director, there are only two signatures needed - one is the lender (the Director/Entrepreneur) and the other is someone signing on behalf of the company (borrower).

Both can be the same person - i.e. the Director, one signature on his/her own behalf and the other on behalf of the company.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.
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Adii
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Re: DIRECTOR'S LOAN AGREEMENT

Post by Adii » Thu Jun 08, 2017 1:24 pm

Thanks ,
And should it be in the plain paper or company's letter head .?
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marcnath
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Re: DIRECTOR'S LOAN AGREEMENT

Post by marcnath » Fri Jun 09, 2017 4:23 am

Adii wrote:Thanks ,
And should it be in the plain paper or company's letter head .?
Does not matter
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.
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