I have some queries about Tier-1 Entrepreneur Extension.
1. During the Initial Visa Application, the investment of £50k was shown in personal account and not transferred in business bank account yet. What is the best method to transfer this in Business Account? Should we do it through Director Loan Agreement?
2. What is included in Investment made and what is not? Does the employee pays, business running expenses (phone bills, travelling etc) , website development, accountant pays, director pay and dividend, VAT, Company and employee taxes will be considered as Investment?
Thanks for your help and support.
Only thing mentioned in the Tier-1 Entrepreneur Guidance Document is
Thanks86.The amount of money invested should not:
include the value of any residential accommodation or property development, or property management; or
be in the form of a director’s loan, unless it is unsecured and is subordinated in favour of the third-party creditors.