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Tier 1 E Extension Refused - Readily Identifiable Investment

Only for UK Tier 1 (Entrepreneur) points system

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k_ahad
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by k_ahad » Wed Jul 26, 2017 11:53 am

heyaheya wrote:i have exactly same case and I am going to apply my visa soon . i have personal and business acc in same bank so when i transferred money from personal to business acc .. it just shows business and personal acc details. so I will write in my cover letter explaining the situation. i have invested by share capital, I am bit scared though. My dear K_ahad, ur fine . i am sure in AR u will be able to get visa. its not big issue thank god they did not put any other reason. i am 100 % sure u will get visa.. good luck and keep updating us.

take care,

Regards
All the best with your application!

Hope you wouldn't come across this issue. Also I was happy that no other reason was highlighted for refusal.

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by k_ahad » Wed Jul 26, 2017 11:59 am

manu1221 wrote:
k_ahad wrote:I applied for Tier 1 Extension application (50K) in feb and received refusal letter on 24-07-2017. 50 K Investment was made through directors loan and I had submitted all the supporting documents including company accounts, bank statement, directors loan agreement.

The reason mentioned by Home Office.

"You have supplied us with Company House Report, Unaudited accounts, Barclays Business Bank Statement, Corporation Tax and Directors Loan Agreement.
The business bank statement you had supplied us with do not readily identify your investment into the business bank account. Therefor we cannot award you point for this attribute"


I had submitted my business bank statement (that Shows my personal account numbers) and also my personal account (shows my business account number). The transfer was made from my personal account to business account in a single transaction of 50,000 and was highlighted in the covering letter that I am providing 2 bank statements.

Do you think this is an oversight on part of the case worker as my personal bank statement was never mentioned in the list of documents supplied.

has anyone come across similar case.

I am planning to apply for AR and hope that the decision would be overturned.

Note - New extension applicants please be extra careful on this point if your name doesn't reflect on your business bank statement.

Thanks AK
Really sorry to hear this new, that's surely a CW error.
I have exactly the same scenario. I have invested the money from Personal to Business with the reference as 'INVESTMENT'. And my business account statement has a title of my company's name on it, I have also submitted my personal statements when the transfer completed back in DEC, 2014. Hopefully you'll get extension on AR, and let's pray that CWs pay more attention to the case rather just refusing on silly basis.
Thanks Manu! All the best for your application. This new "Readily identifiable Transaction" was added in Mid of 2015, else would have ensured that the transfer has some reference such as Directors Loan / Name.

k_ahad
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by k_ahad » Wed Jul 26, 2017 12:02 pm

zimba88 wrote:I agree that this is mistake on CW part and misreading of the rules. AR should overturn the decision
Thanks Zimba for the reassurance. Would share the details of the outcome :D

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marcnath
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Wed Jul 26, 2017 12:12 pm

heyaheya wrote:i have exactly same case and I am going to apply my visa soon . i have personal and business acc in same bank so when i transferred money from personal to business acc .. it just shows business and personal acc details. so I will write in my cover letter explaining the situation. i have invested by share capital, I am bit scared though. My dear K_ahad, ur fine . i am sure in AR u will be able to get visa. its not big issue thank god they did not put any other reason. i am 100 % sure u will get visa.. good luck and keep updating us.

take care,

Regards
If you have invested by share capital you don't need the bank statements at all
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.

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by Atif786 » Wed Jul 26, 2017 12:53 pm

Hi,it's not about Barclay bank , if anyone holds personal and business account with same bank and use mobile app or online banking for transferring the money between account instead of payment then it only shows account numbers ,
Those are in similar situation and yet to apply for visa must get a letter from banking explaining those transactions and I think CW can't miss it or ignore it.
Just extra precaution to be on the safer side.
Atif

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by inaam.cs » Wed Jul 26, 2017 12:54 pm

If you have invested by share capital you don't need the bank statements at all
Hi marcnath,
I did my investment by DL and I provided my business account statement. Each investment transaction in the statement shows my name as X YYYY (X = first letter of my first name, YYYY = complete last name). Does that serve the purpose? I can send some additional evidence as the case is in process. Please advise.
Thanks

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marcnath
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Wed Jul 26, 2017 12:56 pm

inaam.cs wrote:
If you have invested by share capital you don't need the bank statements at all
Hi marcnath,
I did my investment by DL and I provided my business account statement. Each investment transaction in the statement shows my name as X YYYY (X = first letter of my first name, YYYY = complete last name). Does that serve the purpose? I can send some additional evidence as the case is in process. Please advise.
Thanks
Yes, I believe that should satisfy the condition of "readily identifiable"
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.

k_ahad
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by k_ahad » Wed Jul 26, 2017 9:01 pm

Gurus,

Just wanted to check if I can also highlight that the personal account number on business bank statement showing 50K transfer is the same as one used for maintenance fund.

The fear is that home office may say that the personal bank statement document was never received as they had misplaced photographs of my daughter and I had to resend it during the initial stage of application. Pointing to my maintenance fund account number would ensure that the account number on the business bank statement was identifiable. This can be mentioned towards the end of the AR.

Thanks

AK

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by Kerim90 » Wed Jul 26, 2017 9:54 pm

heyaheya wrote:i have exactly same case and I am going to apply my visa soon . i have personal and business acc in same bank so when i transferred money from personal to business acc .. it just shows business and personal acc details. so I will write in my cover letter explaining the situation. i have invested by share capital, I am bit scared though. My dear K_ahad, ur fine . i am sure in AR u will be able to get visa. its not big issue thank god they did not put any other reason. i am 100 % sure u will get visa.. good luck and keep updating us.

take care,

Regards
Same here.Applied in march and submitted personal and business bank statements. I have invested by share capital too. I believe they will not make a problem as we have invested by share capital and dont have to submit bank statements. Good luck

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marcnath
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Wed Jul 26, 2017 10:14 pm

k_ahad wrote:Gurus,

Just wanted to check if I can also highlight that the personal account number on business bank statement showing 50K transfer is the same as one used for maintenance fund.

The fear is that home office may say that the personal bank statement document was never received as they had misplaced photographs of my daughter and I had to resend it during the initial stage of application. Pointing to my maintenance fund account number would ensure that the account number on the business bank statement was identifiable. This can be mentioned towards the end of the AR.

Thanks

AK
Yes, that is a good idea
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.

k_ahad
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by k_ahad » Wed Jul 26, 2017 11:08 pm

marcnath wrote:
k_ahad wrote:Gurus,

Just wanted to check if I can also highlight that the personal account number on business bank statement showing 50K transfer is the same as one used for maintenance fund.

The fear is that home office may say that the personal bank statement document was never received as they had misplaced photographs of my daughter and I had to resend it during the initial stage of application. Pointing to my maintenance fund account number would ensure that the account number on the business bank statement was identifiable. This can be mentioned towards the end of the AR.

Thanks

AK
Yes, that is a good idea
Thank You Marc!

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by sameerb » Thu Jul 27, 2017 12:18 am

hi Marcnath,
how can HO confirm that applicant has invested money from personal to business account in Share Capital route if you dont have to submit bank statments?

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marcnath
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Thu Jul 27, 2017 5:29 am

sameerb wrote:hi Marcnath,
how can HO confirm that applicant has invested money from personal to business account in Share Capital route if you dont have to submit bank statments?
They can't, but from the immigration rules, they don't need to.
I can only guess but there is a logic behind it - unlike DL, share capital is not something you can just withdraw.
Remember that the HO can still ask for you to show that you have maintained access to the funds until the investment is made, so if they suspect something they can ask for the personal bank statements to show that.
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.

rztren
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by rztren » Thu Jul 27, 2017 11:59 am

hi

if the transfer was made from personal to biz a/c and you have attached both bank statements then i think you should go for AR.

Regards

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by heyaheya » Thu Jul 27, 2017 1:13 pm

Yea you are right we who invested by Share capital dont have to submit bank statement for 50,000. but we all with share capital submit bank statements to make sure that they do understand that we have invested in actual to speed up the process and so it can create less issues with regards to investment.


Any advice will be much appreciated ....what yoy guys suggest ppl who are still going to apply .



many thanks

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Thu Jul 27, 2017 2:04 pm

In the extension application form, the section on Supporting Documents has the following text:

You must be selective in submitting evidence, as sending large amounts of irrelevant or poor quality documentation may delay the consideration of the application. It is only necessary to submit evidence that is directly appropriate to the application as requested, as unrelated evidence cannot be considered for points scoring.

That gives you an idea of what HO/UKVI expects.
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.

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by mcr2013 » Thu Jul 27, 2017 8:53 pm

Hi gurus

I have the same problem I have transfer money from personnel to business through barclays mobile app. So what u guys recommend shall I send HO letter from bank as my case is still in process?

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marcnath
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Fri Jul 28, 2017 7:38 am

mcr2013 wrote:Hi gurus

I have the same problem I have transfer money from personnel to business through barclays mobile app. So what u guys recommend shall I send HO letter from bank as my case is still in process?
What other evidence have you provided with the application ?

Yes, I would send in a letter attaching a personal bank statement that shows your name and the account number that is in your business bank statement. Make a clear statement in the covering letter that this shows the "clearly identifiable evidence" that you have made the investment.

You can get a letter from the bank, but that is not needed. The important thing is to tell the CW early that you know you have done the right thing and that the evidence is there.
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.

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by jafersadeq » Fri Jul 28, 2017 4:15 pm

marcnath wrote: Yes, I would send in a letter attaching a personal bank statement that shows your name and the account number that is in your business bank statement. Make a clear statement in the covering letter that this shows the "clearly identifiable evidence" that you have made the investment.

You can get a letter from the bank, but that is not needed. The important thing is to tell the CW early that you know you have done the right thing and that the evidence is there.
Dear marcnath,
There is no rule in the immigration rules ask you to show your name under the transaction in the business account statement, I know it is in the guidance, but no rules say that.

The immigration rules focus on the company accounts and it must show the name of the applicant and how much did he invest.
Also the rules focus on the company in the UK must have a business account, and the applicant is the signatory, no more.

Please clarify

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marcnath
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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Fri Jul 28, 2017 5:07 pm

jafersadeq wrote:
Dear marcnath,
There is no rule in the immigration rules ask you to show your name under the transaction in the business account statement, I know it is in the guidance, but no rules say that.

Please clarify
Section 46 -SD (a)(iii) of Appendix A of immigration rules states:
(iii) If the applicant has made the investment in the form of a director’s loan, it must be shown both in the relevant set of financial accounts provided, and through readily identifiable transactions in the applicant’s business bank statements, which must clearly show the transfer of this money from the applicant to his business

The rules or the guidance does not state that "readily identifiable" or " from the applicant " means name, which is why my suggestion that linking the personal bank account number to the applicants name using another document (personal bank statement) is sufficient.

There may be other ways of satisfying the requirement, but the name is maybe the easiest.

Of course, this applies to investment by DL only. For share capital, the company accounts is sufficient.
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.

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