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Director's loan agreement advice

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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jessie09
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Posts: 1
Joined: Tue Nov 05, 2019 11:51 am

Director's loan agreement advice

Post by jessie09 » Tue Nov 05, 2019 12:01 pm

For T1 Ent extension, 1 of the criteria stated as the director's loan agreement, is there a specific requirement on the agreement to make it legal? e.g. witnessed or stamped?
Appreciate advice on this.



(iii) you must provide a legal agreement, between yourself (in the name that appears on your
application) and the company showing:
(1) the terms of the loan,
(2) any interest that is payable,
(3) the period of the loan, and
(4) that the loan is unsecured and subordinated in favour of third-party creditors.

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zimba
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Joined: Mon Aug 11, 2014 5:13 pm
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Re: Director's loan agreement advice

Post by zimba » Tue Nov 05, 2019 1:32 pm

A loan agreement does not need a witness or stamp to be legal. That document is between you and your company and must have all the required information HO wants
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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