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Do I require directors loan agreement for investment I have

Only for UK Tier 1 (Entrepreneur) points system

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sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Do I require directors loan agreement for investment I have

Post by sonirulz » Tue Sep 06, 2016 8:44 pm

Dear Gurus,

I have made 50k investment from my personal bank account. Do I require to draft a directors loan agreement?

I would not claim that amount or claim any interest. Please advice

Regards,
Soni

paru.org
Member
Posts: 202
Joined: Mon Dec 29, 2014 11:15 am
India

Re: Do I require directors loan agreement for investment I h

Post by paru.org » Tue Sep 06, 2016 9:35 pm

sonirulz wrote:Dear Gurus,

I have made 50k investment from my personal bank account. Do I require to draft a directors loan agreement?

I would not claim that amount or claim any interest. Please advice

Regards,
Soni
if u not claiming any points, then no u don't need, imguess u wanna show investment by shareholder funds

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Do I require directors loan agreement for investment I h

Post by sonirulz » Wed Sep 07, 2016 7:57 am

I would like to claim points. I have invested 50k. My accountant showed it as long term creditors in company's accounts. My questionis do I have to get a directors loan agreement drafted or do I get a legal letter saying I have made the investedment and would not claim it?

Do I get any advice on content of the legal/formal letter?

Regards,
Soni

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Zimba
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Joined: Mon Aug 11, 2014 5:13 pm
Location: UK
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Re: Do I require directors loan agreement for investment I h

Post by Zimba » Wed Sep 07, 2016 8:57 am

sonirulz wrote:I would like to claim points. I have invested 50k. My accountant showed it as long term creditors in company's accounts. My questionis do I have to get a directors loan agreement drafted or do I get a legal letter saying I have made the investedment and would not claim it?

Do I get any advice on content of the legal/formal letter?

Regards,
Soni
Yes, you need to draft a DL agreement with all the requirements as given in the guide. Read the guide !!
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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