Good day all,
Please I need urgent advice on the following as per the subject matter.
I am on 200k Tier1 entrepreneur visa and my extension is due September 2021. I established my own business where I invested £100k ( I am a signatory to the business bank accounts) and also invested £100k in another existing UK business.
The issue I am currently having relates to the existing UK business where I invested £100k via directors loan. I recently discovered that I have to be a signatory to the business bank account as stated in the Home Office mandatory documents (a letter from the business's bank confirming you are a signatory on the accounts and business bank accounts which you are a signatory of). Unfortunately, the other director does not want me to be a signatory to the business bank account on the basis that it wasn't part of our discussion from the start. I have done everything humanly possible for him to make me a signatory to the business account but all efforts proved abortive. Whereas, he's aware from the start that the investment is part of our requirement as tier1 entrepreneur.
I really don't know what to do at this point? My solicitor told me second £100k will not be counted as part of the investment sum if I am not a signatory to the business bank account. Does that mean I have to invest another £100k into my own business to be able to fulfil the condition of £200k investment?
I have evidence to show that I actually invested in this business-my bank statement showing movement of funds, directors loan agreement and I am also working in the business.
I want to know what my options are because my extension is due September 2021.
Thank you.
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