Since I can't find examples of successful business plans for the Ent visa I just wanted to generally ask: How long are typical business plans? How detailed should they be? Do the financials have to be there for the entire 3 year period? Is there anyone here who has not been interviewed as an initial...

Also the invoices show both my name and the company name. Hmm

Hi marcnath, I wanted to ask you one more question: I am registered as a sole trader. I spent around 3k for a clothing event for my business but my transaction was straight form my personal account. Is there a way to show this as investment? Many Thanks ! If your accountants agree I believe you sho...

Hi marcnath,
I wanted to ask you one more question: I am registered as a sole trader. I spent around 3k for a clothing event for my business but my transaction was straight form my personal account. Is there a way to show this as investment?

Many Thanks !

Thank you so much macnirth, I have a shop where I sell things. I had to equip the shop with goods. Would that be counted as investment? Regards As far as I know, if the money is made as a direct cash investment, meaning coming out from your own personal account or transferred to your business accou...

Hi marcnath, One more thing: I got a letter from my brothers bank (Bank of America) saying the money was for "sponsorship of my name". I got a third party letter from my brother(as shown in the annex) which was notarised and signed by legal representative (It was notarised by saying my brother showe...

Date of application within the country is the day you post (unless you courier it, then it is date of receipt). There have been cases when they have just returned the application if payment is unsuccessful. So there's no guarantee Do they have a grace period if something like this happens? :| If i ...

26th would be the 90th day. Not sure if HO wants 90th day to be completed or started :-) So, safer to apply on 27th. It is very tight to apply that close, if there is a problem with payment, then the application will be invalid and you can no longer make an intime application. As credit card paymen...

Hi everyone, I just have a question. I put XX k in my personal account for my Tier 1 Entrepreneur Visa today and I am due to apply on 27th Sept, 2017 (visa expiry date). My 90 day period would end on the 26th Sept, 2017. Should i post my application on the 27th which is the day my visa expires/and ...

Have you read the template letter ? Where was the reference to the bank ? Anyway, if you can get a bank in UK to certify anything in your brother's bank overseas, that would be quite an accomplishment in itself. Yes there are two letters that are required. The template says one of the letters has t...

2. Which is the easy way 3rd party funding or personal funding and better in getting the visa.

If the money is in your personal account for 90 days, thing are much easier


[/quote]

Hi Zimba,
If the money is there for more than 90 days do you still require a third party funding letter?

marcnath wrote: ↑

Thu Aug 31, 2017 11:52 am

The guidance document has the template in it - right somewhere towards the end

Hi marcnath,
Thank you for a quick reply !

I just wanted to ask: should the template letter be issued from my Bank in the UK or from my brothers bank (third party)?

Hi everyone,
I am using 40k on my own money and 10k of my siblings money for my Entrepreneur visa.

Can someone help me with the template required for third party funding?
I cant find it online.

Many thanks

Hi everyone, I just have a question. I put XX k in my personal account for my Tier 1 Entrepreneur Visa today and I am due to apply on 27th Sept, 2017 (visa expiry date). My 90 day period would end on the 26th Sept, 2017. Should i post my application on the 27th which is the day my visa expires/and i...

Thank again for a prompt reply ! So from what I understand, if you make money by being a graduate entrepreneur, then it doesn't hold value because you have to show 50k from your own account weather or not your business is successful? What is the difference between me being able to apply as a succes...

Hi marcnath, One last question: If i have a active business with around 30k in funds and I am predicting to have up-to 45k in my business account (as a sole trader/bank statements have my name) in about 3.5 months which is the time I will be applying for my Entrepreneurs visa, can I show my busines...

Hi marcnath, One last question: If i have a active business with around 30k in funds and I am predicting to have up-to 45k in my business account (as a sole trader/bank statements have my name) in about 3.5 months which is the time I will be applying for my Entrepreneurs visa, can I show my business...

Got it !
Makes sense now

Also, Just to be clear I'm switching from graduate Entrepreneur to Entrepreneur

Hi mods, I'm still confused a bit on the money aspect of the Entrepreneur visa (switching). If you have an existing business does the money you spend count as spending or investing? Is spending the same as investing ? I know the actual meanings are different but does spending count towards your 50k...

Hi mods, I'm still confused a bit on the money aspect of the Entrepreneur visa (switching). If you have an existing business does the money you spend count as spending or investing? Is spending the same as investing ? I know the actual meanings are different but does spending count towards your 50k ...

Hi everyone, I am currently a graduate entrepreneur looking to switch to my Entrepreneur Visa. I just had a quick question: I've spent around 10k on trade shows, packaging, posting parcels, warehouse/storage and so on for my business as a sole trader (Online Business). Does all of this get deducted...

Hi everyone,
Just wanted to ask:
Do i need a "third party funding" declaration for money kept more than 90 days before the application?
(My sibling just transferred me some money and i am applying after 3.5 months/switching from graduate entrepreneur to entrepreneur)

Thanks in advance !

Hi everyone, I am currently a graduate entrepreneur looking to switch to my Entrepreneur Visa. I just had a quick question: I've spent around 10k on trade shows, packaging, posting parcels, warehouse/storage and so on for my business as a sole trader (Online Business). Does all of this get deducted ...

Revenue is NOT investment. If you saved money from your business after taxes, you can invest that. Money kept in a business bank account is NOT your INVESTMENT. That belongs to the company and taxes must be paid from it to the government. It is not your money. Also when claiming investment, you mus...