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by marcnath
Mon Jan 25, 2021 1:12 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Nature of Business under Tier-1 Enterprenure visa
Replies: 50
Views: 2214

Re: Nature of Business under Tier-1 Enterprenure visa

Hi Marcnath I am stuck with below to understand and looking for expert advice/opinion. Currently, I run one business under company. Business trade name is different which we bought from ex-owner without his company name as we bought only trade name. All activity sale /purchase is done under main co...
by marcnath
Mon Jan 25, 2021 12:25 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Business bank account (which you are a signatory of)
Replies: 2
Views: 36

Re: Business bank account (which you are a signatory of)

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 anothe...
by marcnath
Sat Jan 16, 2021 8:10 pm
Forum: Indefinite Leave to Remain
Topic: Tier1 Entrepreneur to ILR
Replies: 4
Views: 172

Re: Tier1 Entrepreneur to ILR

Sha09 wrote:
Sat Jan 16, 2021 8:04 pm
Amazing! that means I will be awarded points for the investment and employment creation?
I can't say that.

All I can say that you meet the requirements set out.

HO can always deny points on the grounds of genuineness, for example
by marcnath
Sat Jan 16, 2021 8:02 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Nature of Business under Tier-1 Enterprenure visa
Replies: 50
Views: 2214

Re: Nature of Business under Tier-1 Enterprenure visa

Dear Marcnath, I mean to say any home office document where it is mentioned that to invest 200k and if any amount left in business account either in working capital or in shape of balance in bank account like 70000/- left in as a balance amount in business bank account ( i.e not spent but it is in ...
by marcnath
Sat Jan 16, 2021 7:59 pm
Forum: Indefinite Leave to Remain
Topic: Tier1 Entrepreneur to ILR
Replies: 4
Views: 172

Re: Tier1 Entrepreneur to ILR

Dear all, I have a couple of questions regarding tier1 entrepreneur to ILR and would like to request your expert reviews: 1. The requirement says "The applicant has invested, or had invested on his behalf, not less than £200,000 (or £50,000 if, in his last grant of leave, he was awarded points for ...
by marcnath
Sat Jan 16, 2021 2:48 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Payroll without accountant
Replies: 26
Views: 883

Re: Payroll without accountant

Thanks Marcnath. I have another odd question, with the Pre- ILR application under Tier 1 Entp. do we need to submit an updated set of accounts, reason I ask this is that my annual account were submitted in Nov 2020, and the next lot will be due in Nov 2021, however, my application for ILR will be e...
by marcnath
Sat Jan 16, 2021 2:47 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Nature of Business under Tier-1 Enterprenure visa
Replies: 50
Views: 2214

Re: Nature of Business under Tier-1 Enterprenure visa

Dear Marcnath, Ref. to earlier post dt 3rd July about investment spending. I was trying to search in home office document and in related web search as had a conversation with friend and checked with some solicitors and they were giving different opinion as one says yes it required to spend full 200...
by marcnath
Sat Jan 09, 2021 2:03 pm
Forum: Indefinite Leave to Remain
Topic: Tier 1 to ILR qualifying Period
Replies: 15
Views: 419

Re: Tier 1 to ILR qualifying Period

1. You can apply anytime after Jan 2022 if you meet all other requirements. Your dependant can apply after jul 2022.

2. You don't have to
by marcnath
Thu Jan 07, 2021 9:51 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Tier 1 Enquiry
Replies: 238
Views: 15377

Re: Tier 1 Enquiry

Thank you Marnath for your revert and sorry if my question perplexed you What I mean by " Show my intended business" is whether I need to submit the documents of my company which I used to obtain my initial visa. so do i need to submit those documents during Extension / ILR even if I didnt invest a...
by marcnath
Thu Jan 07, 2021 11:50 am
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Tier 1 Enquiry
Replies: 238
Views: 15377

Re: Tier 1 Enquiry

Thank you for your message Marcnath, The clarification I need is if they ask me what I was doing since I come in, I was running my business which I'm director of which I used for my initial T1 visa and the business plan which I showed during but I'm not going to use it for Extension / ILR Stage as ...
by marcnath
Thu Jan 07, 2021 11:45 am
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Payroll without accountant
Replies: 26
Views: 883

Re: Payroll without accountant

Anontier25 wrote:
Thu Jan 07, 2021 11:15 am
Thanks. So as long as I have the equivalent of 32 hours per week per job that should be fine how it is chopped and changed and applied to correct?
Yes
by marcnath
Wed Jan 06, 2021 9:53 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Tier 1 Enquiry
Replies: 238
Views: 15377

Re: Tier 1 Enquiry

Thank you so much Marcnath, My intended business is running even before I arrived to UK which I'm director of and that business which I showed on business plan is working well but only thing is I didn't invested any money from my investment in to that business. Since my intended business doesn't re...
by marcnath
Wed Jan 06, 2021 9:48 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Payroll without accountant
Replies: 26
Views: 883

Re: Payroll without accountant

Hey guys, Happy New Year! Due to the 3rd lockdown, I'm reviewing the staff contracts I have and am thinking to switch them to 0 hour contracts as long as the 30 hours per week are done( min requirements for the visa rules), and make sure the 2 jobs are on going just the hours are worked differently...
by marcnath
Wed Jan 06, 2021 1:59 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Bank Accounts for Extension Application
Replies: 10
Views: 547

Re: Bank Accounts for Extension Application

Hi Marcnath. Well as an example, in the documents checklist that I got from the Home Office, one of the items on the list is :' Business bank accounts (which you are a signatory of) showing transactions.' So does that mean we need to include all the bank statements for our business account? Regardi...
by marcnath
Wed Jan 06, 2021 9:43 am
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Tier 1 Enquiry
Replies: 238
Views: 15377

Re: Tier 1 Enquiry

Dear Mods and Experts, Due to frequent lock-down and current scenario in UK, its not enabling us to start the company and recruit staff, it looks it may take another 6 - 12 months for things to get back to normal after the testing the vaccine for covid19 , we have our visa valid for another two yea...
by marcnath
Wed Jan 06, 2021 9:23 am
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Bank Accounts for Extension Application
Replies: 10
Views: 547

Re: Bank Accounts for Extension Application

Hi - with our extension application, are we supposed to include all our business bank statements showing every transaction we've made - or is it simply a matter of singling out transactions related to the 200k investment? Thanks a lot. As far as I recall, there is no requirement for any business st...
by marcnath
Tue Jan 05, 2021 6:49 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Nature of Business under Tier-1 Enterprenure visa
Replies: 50
Views: 2214

Re: Nature of Business under Tier-1 Enterprenure visa

Dear marcnath, Thanks for your reply. I have one doubt like our business is closed now due to national lock down and if we can apply for business grant and take the falroo benefits for our part time and full time employees and if these factors are going to affect extension under tier-1 entrepreneur...
by marcnath
Tue Jan 05, 2021 2:19 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Tier 1 COVID19 jobs concession update.
Replies: 47
Views: 1752

Re: Tier 1 corona jobs concession update.

Happy New Year! Ok, thanks for that, so how can I reach out to her as per the rules we aren't allowed to write on their OP? You can always address your question to the OP for further clarification. It is up to her if she responds or not. Hi Cullinan, Could you pls simplify it for me if I can use th...
by marcnath
Sun Jan 03, 2021 9:22 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Nature of Business under Tier-1 Enterprenure visa
Replies: 50
Views: 2214

Re: Nature of Business under Tier-1 Enterprenure visa

Dear Marcnath At the time of extension request, the investment in the business would be likely with an amount of pound 120,000/- and 80,000/- is still in the business account with the purpose to use for further investment in term of working capital. Will this 80,000/- be considered in investment or...
by marcnath
Sat Jan 02, 2021 12:10 pm
Forum: Indefinite Leave to Remain
Topic: ILR application for a PBS dependent
Replies: 8
Views: 245

Re: ILR application for a PBS dependent

Not sure if the rules around "varying" the application would have helped. If you applied for your wife's extension in July/Aug 2019, it was possibly granted well before Nov 2019, which would have been the earliest that she was eligible for ILR. You can submit a new application to replace a previous ...
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