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2nd Extension Investment requirement

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

Moderators: Casa, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, archigabe

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Camel555
Junior Member
Posts: 72
Joined: Fri Feb 17, 2017 4:10 pm

2nd Extension Investment requirement

Post by Camel555 » Sun Oct 04, 2020 6:34 pm

Hello Mods/members,

As I have got my 1st extension under 200K, in your opinion, can I draw funds from my company account to my personal account? Someone said that as per D/L agreement provided to home office, one shouldn't decrease the investment level until ILR at the time of next extension, meaning even if you draw funds, bring them back in when applying for ILR/2nd extension. But I read nothing like this anywhere in extension rules.

Would really appreciate your help here.

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zimba
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Posts: 19946
Joined: Mon Aug 11, 2014 5:13 pm
Location: UK
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Re: 2nd Extension Investment requirement

Post by zimba » Sun Oct 04, 2020 11:59 pm

Camel555 wrote:
Sun Oct 04, 2020 6:34 pm
Hello Mods/members,

As I have got my 1st extension under 200K, in your opinion, can I draw funds from my company account to my personal account? Someone said that as per D/L agreement provided to home office, one shouldn't decrease the investment level until ILR at the time of next extension, meaning even if you draw funds, bring them back in when applying for ILR/2nd extension. But I read nothing like this anywhere in extension rules.

Would really appreciate your help here.
UKVI may ask you again to prove that you have invested 200K even at the ILR stage. If you fail to show this, your ILR can be refused. I suggest maintaining your investments until ILR
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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