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200K query

Only for UK Tier 1 (Entrepreneur) points system

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wanttostayintheuk
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Posts: 7
Joined: Thu Apr 23, 2020 2:32 pm
United States of America

200K query

Post by wanttostayintheuk » Sat May 02, 2020 2:55 pm

Hello, I am wondering if someone can clarify the following for me:

Is it true that the 200k does not specifically have to be 'spent' - as long as it has been transferred to the business via Director's Loan? In other words, when it comes time to renew my visa, let's say 200k has been transferred to the business via Director's Loan, but only 40k has actually been spent. Is that still considered sufficient? Thanks

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marcnath
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Posts: 5925
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: 200K query

Post by marcnath » Sat May 02, 2020 5:58 pm

wanttostayintheuk wrote:
Sat May 02, 2020 2:55 pm
Hello, I am wondering if someone can clarify the following for me:

Is it true that the 200k does not specifically have to be 'spent' - as long as it has been transferred to the business via Director's Loan? In other words, when it comes time to renew my visa, let's say 200k has been transferred to the business via Director's Loan, but only 40k has actually been spent. Is that still considered sufficient? Thanks
Yes. That's correct.

But a business that has only spent, 40K in three years would definitely be screened for genuineness
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

wanttostayintheuk
Newly Registered
Posts: 7
Joined: Thu Apr 23, 2020 2:32 pm
United States of America

Re: 200K query

Post by wanttostayintheuk » Sun May 03, 2020 10:21 pm

Thank you

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