To be on safeside I will transfer excess of GBP 200K from my country to UK since I'm intend to do many businessess.
Can I transfer excess of GBP 200K and invest all in business allowed under Tier 1
Also to show I spend GBP 200K, all I need to do is make as director loan and transfer to Business account.
On what all things GBP 200K needs to be spend on, since I'm working from home can I take part of the rent from this investment until I find office ?
In regards to Directors and share holders, could you please clarify that I must own 100% share of any business I do ?
Jazak ALLAH Khair for your care.
umer.shahzad1 wrote: ↑
Tue Jan 14, 2020 9:44 am
well if u r doing it via director loan funds must be transferred into personal account then into business account
source of funds must be clear as this the major thing they ask in genuine entrepreneur test
you have to show you have spent £200k in one or two business you must be 100 percent share holder of that business correct me if i am wrong but i think so you must have £200k invested in your 2-3 business in which you are 100 percent share holder