Director's Loan agreement and Fund transfer
Re: Director's Loan agreement and Fund transfer
It is still Entrepreneur remuneration but it does not matter as you can consider it paid from you revenue rather than investment.
In general if you meet the following two conditions you are ok:
1. Investment >= 50k
2. Investment + revenues - remuneration >= 50k
In general if you meet the following two conditions you are ok:
1. Investment >= 50k
2. Investment + revenues - remuneration >= 50k
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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Re: Director's Loan agreement and Fund transfer
Many thanks marcnath for your valuable and detailed advice, much appreciated,marcnath wrote: ↑Sat Mar 17, 2018 2:19 am It is still Entrepreneur remuneration but it does not matter as you can consider it paid from you revenue rather than investment.
In general if you meet the following two conditions you are ok:
1. Investment >= 50k
2. Investment + revenues - remuneration >= 50k
Best Regards.
Re: Director's Loan agreement and Fund transfer
It depends on the investment route. If its Directors loan, then you have to refund it.
Bizman
Re: Director's Loan agreement and Fund transfer
What does this even mean ? Please elaborate.
There is ABSOLULTELY no difference in how investment is handled whether it is DL or Share capital. The only difference is in the evidence provided.
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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Job creation
Hi Team,
I would like to ask your opinion if the following will be counted as two full time employment or only one,
An employee has been employed on my business, Full time, for more than 12 month, as Administrator,
And then she has left the job,
And after few months, she have returned back to rejoin my business to carry on the same job, Full time employment, for over 12 months,
Does the above will be counted as TWO full time jobs, or only one??
Keep in mind, it's the same job title and the same position, same employee, full time, each time for over 12 months of employment,
Thanks in advance,
Best Regards.
I would like to ask your opinion if the following will be counted as two full time employment or only one,
An employee has been employed on my business, Full time, for more than 12 month, as Administrator,
And then she has left the job,
And after few months, she have returned back to rejoin my business to carry on the same job, Full time employment, for over 12 months,
Does the above will be counted as TWO full time jobs, or only one??
Keep in mind, it's the same job title and the same position, same employee, full time, each time for over 12 months of employment,
Thanks in advance,
Best Regards.
Re: Director's Loan agreement and Fund transfer
It would be only one job.
Even if it was a different person, it would still be one job only.
Even if it was a different person, it would still be one job only.
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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Accelerated route
Hi Team,
WRT ILR Accelerated route (after 3 years under Tier 1 Entrepreneur visa) which require at least creation of 10 full time jobs for at least 12 months each,
@Case #1:
Should all the 10 employee required to be working on the the time of ILR application?, (end of the third year under Tier 1 Entrepreneur visa)
@Case #2
Or it can be as below:
Business #1 - 2 x Employee - start from year one and still running on time of ILR Accelerated application.
Business #2 - 4 x Employee - started on year 1 and closed (or reduced the staff) on year 3 pre ILR Accelerated application submition.
Business #3 - 5 x Employee - started on year 1 and closed ( or reduced the staff) on year 3 pre ILR Accelerated application submition.
Each of the above employee work for 12months plus.
Looking forward to hearing from you,
Thanks in advance.
Best Regards.
WRT ILR Accelerated route (after 3 years under Tier 1 Entrepreneur visa) which require at least creation of 10 full time jobs for at least 12 months each,
@Case #1:
Should all the 10 employee required to be working on the the time of ILR application?, (end of the third year under Tier 1 Entrepreneur visa)
@Case #2
Or it can be as below:
Business #1 - 2 x Employee - start from year one and still running on time of ILR Accelerated application.
Business #2 - 4 x Employee - started on year 1 and closed (or reduced the staff) on year 3 pre ILR Accelerated application submition.
Business #3 - 5 x Employee - started on year 1 and closed ( or reduced the staff) on year 3 pre ILR Accelerated application submition.
Each of the above employee work for 12months plus.
Looking forward to hearing from you,
Thanks in advance.
Best Regards.
Re: Director's Loan agreement and Fund transfer
There is no requirement for them to be employed at the time of application.
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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Accelerated route
Thanks Marcnath for your valuable advice, it's much appreciated,
I assume that ILR application decision will not take long time same like extention, is that correct?
Thanks in advance.
Best Regards.
Re: Accelerated route
Actually, it is the other way around.tier1entrepreneur-A wrote: ↑Wed May 16, 2018 11:16 amThanks Marcnath for your valuable advice, it's much appreciated,
I assume that ILR application decision will not take long time same like extention, is that correct?
Thanks in advance.
Best Regards.
Extension service target is 8 weeks and ILR 6 months.
But there are plenty (including me) who have got ILR under 10 weeks.
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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Renting a one bedroom flat for company staff use on another city away from home
Hi Team,
I would like your valuable advice with regarding to renting a one bedroom flat for company staff use in a city where my services will be required, which I need to visit in regular basis, and it is far away from my personal/family flat (another city),
Does this could be recognised/accepted as allowable business expenses by HO?, and can be paid using my business account?
If the above will be acceptable, the contract for the flat renting should be between the landlord and the company or with myself?, i.e. company name or my name,
Looking forward to hearing from you,
Thanks in advance,
Best Regards.
I would like your valuable advice with regarding to renting a one bedroom flat for company staff use in a city where my services will be required, which I need to visit in regular basis, and it is far away from my personal/family flat (another city),
Does this could be recognised/accepted as allowable business expenses by HO?, and can be paid using my business account?
If the above will be acceptable, the contract for the flat renting should be between the landlord and the company or with myself?, i.e. company name or my name,
Looking forward to hearing from you,
Thanks in advance,
Best Regards.
Re: Renting a one bedroom flat for company staff use on another city away from home
HO does not regulate how you or your business spends money.tier1entrepreneur-A wrote: ↑Tue May 22, 2018 8:35 am Hi Team,
I would like your valuable advice with regarding to renting a one bedroom flat for company staff use in a city where my services will be required, which I need to visit in regular basis, and it is far away from my personal/family flat (another city),
Does this could be recognised/accepted as allowable business expenses by HO?, and can be paid using my business account?
If the above will be acceptable, the contract for the flat renting should be between the landlord and the company or with myself?, i.e. company name or my name,
Looking forward to hearing from you,
Thanks in advance,
Best Regards.
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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Re: Renting a one bedroom flat for company staff use on another city away from home
Thanks marcnath for your reply, it's much appreciated,marcnath wrote: ↑Tue May 22, 2018 9:29 amHO does not regulate how you or your business spends money.tier1entrepreneur-A wrote: ↑Tue May 22, 2018 8:35 am Hi Team,
I would like your valuable advice with regarding to renting a one bedroom flat for company staff use in a city where my services will be required, which I need to visit in regular basis, and it is far away from my personal/family flat (another city),
Does this could be recognised/accepted as allowable business expenses by HO?, and can be paid using my business account?
If the above will be acceptable, the contract for the flat renting should be between the landlord and the company or with myself?, i.e. company name or my name,
Looking forward to hearing from you,
Thanks in advance,
Best Regards.
Which means that HO mainly care about transferring the money to the business account, employ staff, and not get director salary unless your business make a profit, and not run a business on the restricted type of business (unless you have more fund over the £200k and you want to invest them on real state or so), Is that correct?
Thanks in advance.
Best Regards.
Re: Renting a one bedroom flat for company staff use on another city away from home
Correct.tier1entrepreneur-A wrote: ↑Tue May 22, 2018 5:05 pmThanks marcnath for your reply, it's much appreciated,marcnath wrote: ↑Tue May 22, 2018 9:29 amHO does not regulate how you or your business spends money.tier1entrepreneur-A wrote: ↑Tue May 22, 2018 8:35 am Hi Team,
I would like your valuable advice with regarding to renting a one bedroom flat for company staff use in a city where my services will be required, which I need to visit in regular basis, and it is far away from my personal/family flat (another city),
Does this could be recognised/accepted as allowable business expenses by HO?, and can be paid using my business account?
If the above will be acceptable, the contract for the flat renting should be between the landlord and the company or with myself?, i.e. company name or my name,
Looking forward to hearing from you,
Thanks in advance,
Best Regards.
Which means that HO mainly care about transferring the money to the business account, employ staff, and not get director salary unless your business make a profit, and not run a business on the restricted type of business (unless you have more fund over the £200k and you want to invest them on real state or so), Is that correct?
Thanks in advance.
Best Regards.
Even on salary, revenue should be good enough, not necessarily profit
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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Re: Director's Loan agreement and Fund transfer
Many thanks marcnath for your clarification.
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Job creation
Hi Team,
I'm a company director and shareholder with other two British citizen,
My question is:
If both of them (directors/shareholders/British citizen) start to get paid monthly by our company (PAYE, 30 hours per week) as employee from now onward,
Do these two jobs will be counted toward the two Full time employment jobs (HO job creation requirement for visa extension)?
Thanks in advance.
Best Regards.
I'm a company director and shareholder with other two British citizen,
My question is:
If both of them (directors/shareholders/British citizen) start to get paid monthly by our company (PAYE, 30 hours per week) as employee from now onward,
Do these two jobs will be counted toward the two Full time employment jobs (HO job creation requirement for visa extension)?
Thanks in advance.
Best Regards.
Re: Job creation
Yestier1entrepreneur-A wrote: ↑Sat Jun 09, 2018 2:43 am Hi Team,
I'm a company director and shareholder with other two British citizen,
My question is:
If both of them (directors/shareholders/British citizen) start to get paid monthly by our company (PAYE, 30 hours per week) as employee from now onward,
Do these two jobs will be counted toward the two Full time employment jobs (HO job creation requirement for visa extension)?
Thanks in advance.
Best Regards.
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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Re: Job creation
Thanks marcnath for your reply, it's much appreciated,marcnath wrote: ↑Sat Jun 09, 2018 6:02 amYestier1entrepreneur-A wrote: ↑Sat Jun 09, 2018 2:43 am Hi Team,
I'm a company director and shareholder with other two British citizen,
My question is:
If both of them (directors/shareholders/British citizen) start to get paid monthly by our company (PAYE, 30 hours per week) as employee from now onward,
Do these two jobs will be counted toward the two Full time employment jobs (HO job creation requirement for visa extension)?
Thanks in advance.
Best Regards.
Could you see/highlight any restrictions or any points I should take care of when I proceed with the above "employ company director and shareholder- job creation HO requirement"?
Thanks in advance for your valuable advice.
Best Regards.
Re: Job creation
None that I can think oftier1entrepreneur-A wrote: ↑Sat Jun 09, 2018 10:10 amThanks marcnath for your reply, it's much appreciated,marcnath wrote: ↑Sat Jun 09, 2018 6:02 amYestier1entrepreneur-A wrote: ↑Sat Jun 09, 2018 2:43 am Hi Team,
I'm a company director and shareholder with other two British citizen,
My question is:
If both of them (directors/shareholders/British citizen) start to get paid monthly by our company (PAYE, 30 hours per week) as employee from now onward,
Do these two jobs will be counted toward the two Full time employment jobs (HO job creation requirement for visa extension)?
Thanks in advance.
Best Regards.
Could you see/highlight any restrictions or any points I should take care of when I proceed with the above "employ company director and shareholder- job creation HO requirement"?
Thanks in advance for your valuable advice.
Best Regards.
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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Job creation - Part time jobs - Accelerated Route (ILR)
Thanks marcnath,
Another question:
Is it acceptable to combined two part time jobs, same company, same role/position (24 hours work per week and 10 hours work per week - total 34 hours per week) to be counted as one full time job (each last for 12 month or more)? and to be one of the 10 jobs required for ILR ( Accelerated Route)?
It's clear that it will acceptable on the extension stage (2 full time jobs or full and part time), but I want a clarification WRT the 10 job creation for ILR Accelerated route.
Thanks in advance.
Best Regards.
Another question:
Is it acceptable to combined two part time jobs, same company, same role/position (24 hours work per week and 10 hours work per week - total 34 hours per week) to be counted as one full time job (each last for 12 month or more)? and to be one of the 10 jobs required for ILR ( Accelerated Route)?
It's clear that it will acceptable on the extension stage (2 full time jobs or full and part time), but I want a clarification WRT the 10 job creation for ILR Accelerated route.
Thanks in advance.
Best Regards.
Re: Job creation - Part time jobs - Accelerated Route (ILR)
Yes, the rules are quite clear that the criteria is same for the jobs in regular or accelerated route.tier1entrepreneur-A wrote: ↑Sun Jun 10, 2018 11:04 am Thanks marcnath,
Another question:
Is it acceptable to combined two part time jobs, same company, same role/position (24 hours work per week and 10 hours work per week - total 34 hours per week) to be counted as one full time job (each last for 12 month or more)? and to be one of the 10 jobs required for ILR ( Accelerated Route)?
It's clear that it will acceptable on the extension stage (2 full time jobs or full and part time), but I want a clarification WRT the 10 job creation for ILR Accelerated route.
Thanks in advance.
Best Regards.
I recall a case here where all of the 10 jobs were made up of part-time workers.
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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Re: Job creation - Part time jobs - Accelerated Route (ILR)
Many thanks marcnath for your valuable advice, it's much appreciated,marcnath wrote: ↑Sun Jun 10, 2018 8:31 pmYes, the rules are quite clear that the criteria is same for the jobs in regular or accelerated route.tier1entrepreneur-A wrote: ↑Sun Jun 10, 2018 11:04 am Thanks marcnath,
Another question:
Is it acceptable to combined two part time jobs, same company, same role/position (24 hours work per week and 10 hours work per week - total 34 hours per week) to be counted as one full time job (each last for 12 month or more)? and to be one of the 10 jobs required for ILR ( Accelerated Route)?
It's clear that it will acceptable on the extension stage (2 full time jobs or full and part time), but I want a clarification WRT the 10 job creation for ILR Accelerated route.
Thanks in advance.
Best Regards.
I recall a case here where all of the 10 jobs were made up of part-time workers.
My understanding is that EEA worker is considered as "settled worker", and a copy of his European passport should be sufficient to be part of the documents required to prove job creation, so any European passport holder will be considered as "settled worker", is that correct?
Thanks in advance.
Best Regards.
Re: Job creation - Part time jobs - Accelerated Route (ILR)
Correcttier1entrepreneur-A wrote: ↑Sun Jun 10, 2018 11:25 pm
My understanding is that EEA worker is considered as "settled worker", and a copy of his European passport should be sufficient to be part of the documents required to prove job creation, so any European passport holder will be considered as "settled worker", is that correct?
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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Re: Job creation - Part time jobs - Accelerated Route (ILR)
Thanks marcnath,marcnath wrote: ↑Mon Jun 11, 2018 8:56 amCorrecttier1entrepreneur-A wrote: ↑Sun Jun 10, 2018 11:25 pm
My understanding is that EEA worker is considered as "settled worker", and a copy of his European passport should be sufficient to be part of the documents required to prove job creation, so any European passport holder will be considered as "settled worker", is that correct?
Another question:
My understanding that I should be the director of the company pre employing staff who will be counted toward the job creation,
Any requirements that my investment in that particularl company should be before employing these people?, or the director status is the only requirement and doesn't matter what date will be my investment in that business?
Thanks in advance,
Best Regards.