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Tier 1 E Extension Refused - Readily Identifiable Investment

Only for UK Tier 1 (Entrepreneur) points system

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inaam.cs
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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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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.

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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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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.

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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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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.

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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.

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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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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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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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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by Atif786 » Wed Aug 16, 2017 1:00 am

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
Hi Ahad, any update on your AR?
Atif

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by Atif786 » Wed Aug 16, 2017 1:10 am

marcnath wrote:
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.
Hi Marcnath, I hope you are well,
Hi,

I have applied in march 2017 and still waiting for decision ,
I have the same scenario, I transferred , 50k into business account from personal in 3 transaction in 2 consecutive days , first one was a faster or chaps payment of 20k from personal to business and it's showing my business name on personal and my name on business statement however the subsequent 2 transactions were internal transfer form the same Natwest personal to Natwest business as there were charges for
chaps payment but later on I realised that personal statement is only showing business account number and business showing personal account number , so I mentioned that in a covering letter and also managed to get a letter from branch manager clarifying and stating the same with all the 3 transaction details from my personal to business .
I hope they accept it as we don't have any control over as to how the name will show up on bank statements.

Shall I send another letter stating that please link up my personal bank statement to business statement to verify the investment coming from my personal account by talling the account numbers ?
However I have very categorically mentioned in my covering letter about it and also in the list of documents that for investment proof , I have submitted , Business , personal statement and letter from my bank manager explaining the payment is from my personal to business account and why they have different narrative in reference .
Is there anything else can be done to bring this point to CW's notice.
Thanks
Atif

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Wed Aug 16, 2017 5:41 am

It looks like you have provided all the necessary documents to meet the requirement and even explained in the cover letter. I don't think you can do more.
In the unfortunate event that the CW misses it, at least you have all the things in place for a successful AR.
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 » Thu Aug 17, 2017 2:33 am

Thanks for the reply, I can't even think of AR and other stuff, just hope and pray everything goes well in the first time itself ,
Just to bring it to your notice that I made investment and transferred funds in may 2015, I have read somewhere in the forum that readily and identifiable line came into policy Guidence somewhere in mid may , if that's the case can I just write a covering letter to CW explaining the same that at the time of investment readily and identifiable requirement wasn't there so I never paid attention to the payment reference and how the name appears .
Waiting for Ahad's AR result and we'll have more clearer picture .
Is there any way to get 2015 archived police guide ?
Your take on it plz,
Atif

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by marcnath » Thu Aug 17, 2017 9:34 am

You have enough evidence to satisfy "readily identifiable", so that is fine.
Explain that in the cover letter.

The fact that the guidance changed in 2015 is still something you can use in AR, if needed, but in my opinion better not to complicate it because you don't need that excuse.
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 » Thu Aug 17, 2017 11:49 pm

Thanks Machnath, I appreciate it, please pray for me as I need to travel to India asap as my mom
Is not well
Atif

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by k_ahad » Sun Aug 20, 2017 10:13 am

Hi Atif,

I am still awaiting a decision on AR. I complete 28 days on 25th August. So hopefully some good news to share in the next week :)

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by Party Rocker » Sun Aug 20, 2017 11:10 am

hello marcnath and other members,
my question is as I have two personal bank accounts and the one I send for maintenance is not containing the detail of transfer of fund to business account as I have transfer fund from my other personal account for which I never send the bank statement as business account bank statement clearly shows my name so as my partner name against each transaction which I consider is sufficient and I also send them a separate annexe which tell them each transaction amount, date and transferring person name.
do you guys think it is enough or should I send them 2nd personal account bank statement too.
thanks in advance....

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by nish_patel7 » Sun Aug 20, 2017 11:30 am

Hi Gurus,

I have a same problem, I made roughly £7000 investment through Barclays personal account to Barclays Business Account, only account number is showing against the investment transaction. What should I do? I have already applied for the extension in July 2017 and awaiting decision, Should I send them a bank letter with cover letter explaining the matter? Please notice I have submitted both the personal account statements and business account statements so logically that should match the readily Identifiable requirements.

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Re: Tier 1 E Extension Refused - Readily Identifiable Invest

Post by CR001 » Sun Aug 20, 2017 2:26 pm

@ users 'Party Rocker' and 'nish_patel7' - this topic is NOT a general discussion topic. Start your own thread or continue in one you already have. It is considered rude to tag your questions onto another members topic and it creates confusion.
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