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Tier 1(Entrepreneur) Extension Approved(50K) Share Capital

Only for UK Tier 1 (Entrepreneur) points system

Moderators: Casa, JAJ, ca.funke, Amber, Zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, geriatrix, John, ChetanOjha, archigabe, push

Jazz2007
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Tier 1(Entrepreneur) Extension Approved(50K) Share Capital

Post by Jazz2007 » Fri Feb 03, 2017 7:08 pm

Alhumdulillah,

Extension is approved via Share Capital Investment,

I have sent required docs with Business Bank statement(Supporting Doc to Accounts)

First of All, I would like to thank all forum members especially Zimba88, noajthan and CR001 to help me throughout the process.

I dont have enough words to say thanks to Zimba88 whose honest advices and to the point guidance helped me.

(Zimba you are a STAR and i need your response on this :D )

Application: Tier 1 Entrepreneur Extension
Type : 50K(Share Capital) Team
Application Date : 2nd November 2016
Biometrics : 9th November 2016
IHS Refund : 3rd February 2017
Approval Letter : 1st February 2017(received on 3rd Feb)
BRP : awaited

sm12
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by sm12 » Fri Feb 03, 2017 7:14 pm

Many congratulations.
Is your business in profit? Also, do you draw a salary?

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Zimba
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Zimba » Fri Feb 03, 2017 7:23 pm

Congrats and best of luck :)
If you follow the guide and provide all the evidence you get your visa easily. Several people here believe in some absurd conspiracy theories :lol:
Last edited by Zimba on Fri Feb 03, 2017 7:34 pm, edited 1 time in total.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Fri Feb 03, 2017 7:25 pm

sm12 wrote:Many congratulations.
Is your business in profit? Also, do you draw a salary?
Profit All 3 years and yes both directors draw salary.

noajthan
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by noajthan » Fri Feb 03, 2017 7:27 pm

Congratulations.
This time next year you could be a millionaire.
All that is gold does not glitter; Not all those who wander are lost. E&OE.

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Fri Feb 03, 2017 7:27 pm

zimba88 wrote:Congrats and best of luck :)
Stay Blessed and carry on helping needy :D

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CR001
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by CR001 » Fri Feb 03, 2017 8:37 pm

Congrats, very pleased for you.
Char (CR001 not Casa)
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Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Fri Feb 03, 2017 8:56 pm

noajthan wrote:Congratulations.
This time next year you could be a millionaire.
Noajthan = Motivation :D
Last edited by Jazz2007 on Fri Feb 03, 2017 8:58 pm, edited 1 time in total.

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Fri Feb 03, 2017 8:57 pm

CR001 wrote:Congrats, very pleased for you.
Thank you!!

oceanfashion7
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by oceanfashion7 » Fri Feb 03, 2017 9:07 pm

Hi
Congratulations, did you receive any complex letter
Thanks
Sohel

shan101
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by shan101 » Fri Feb 03, 2017 9:26 pm

Many congratulations, did you submit business insurance, if so then how many years? thanks
,How can people find the time to hate while life is too short to love,

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Fri Feb 03, 2017 10:10 pm

oceanfashion7 wrote:Hi
Congratulations, did you receive any complex letter
Thanks
Sohel
Thanks...
No Letter...my case was straight forward..I guess if we provide clear picture of evidence submitted and fullfillng requirement will lead to easy approval....It took 3 months to get decision maybe due to festive period in between.

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Fri Feb 03, 2017 10:14 pm

shan101 wrote:Many congratulations, did you submit business insurance, if so then how many years? thanks
Yes, All 3 years Hiscox Business Insurance along with print out of confirmation email stating insured since August 2013.

I hope it helps...

skg2017
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by skg2017 » Fri Feb 03, 2017 11:28 pm

Did you submit 3 years business bank statement?

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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by cappachino » Sat Feb 04, 2017 12:46 am

Congrats

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Sat Feb 04, 2017 12:48 am

skg2017 wrote:Did you submit 3 years business bank statement?
No,

Business Bank Statements from the month investment actually starts i.e Jan 2015

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Sat Feb 04, 2017 12:49 am

cappachino wrote:Congrats
Thank you cappachino!!!

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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by skg2017 » Sat Feb 04, 2017 7:55 am

Hi syed,
Can you please tell me, in share capital format, does anywhere policy guidance said to submit bank statement. So far I have seen bank statements are mendatory for DL option.

Please clarify.

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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Mrchaany » Sat Feb 04, 2017 8:40 am

Congratulations Syed and enjoy
Strong commitment, extreme faith and honesty will recognize your existence.

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Sat Feb 04, 2017 10:19 am

skg2017 wrote:Hi syed,
Can you please tell me, in share capital format, does anywhere policy guidance said to submit bank statement. So far I have seen bank statements are mendatory for DL option.

Please clarify.
To be honest, there is no requirement for Business Bank Statements (Req only to prove Company has a UK bank account of which you are a Signatory) fot Investment through Share Capital

But....

If you see Policy Guidance for GET Credibility is a requirement..

We will take into account the following:
 the evidence that you submit;
 the viability and credibility of the source of the money referred to in Table 5 of Appendix A;
the credibility of the financial accounts of the business or businesses;
 the credibility of your business activity in the UK;
 the credibility of the job creation for which you are claiming points;
 if the nature of the business requires mandatory accreditation, registration and/or insurance,
whether that accreditation, registration and/or insurance has been obtained; and
 any other relevant information.

skg2017
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by skg2017 » Sat Feb 04, 2017 11:57 am

Bank letter is fine.

How about providing last 2/3 month's bank statement?

or

Only the transactions that shows directors transferred the money??

skg2017
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by skg2017 » Sat Feb 04, 2017 12:56 pm

Bank letter is fine.

How about providing last 2/3 months business bank statement???

and/or

Statement of Specific Transactions that shows the directors has transferred the required money to the business account???

Thank you.

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Sat Feb 04, 2017 1:20 pm

skg2017 wrote:Bank letter is fine.

How about providing last 2/3 months business bank statement???

and/or

Statement of Specific Transactions that shows the directors has transferred the required money to the business account???

Thank you.
Its a Supporting doc and its upto you to send full or relevant.

In my case, i have sent all pages to make it easy for HO to see what happened with those funds.

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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Zimba » Sat Feb 04, 2017 2:06 pm

Just send few recent bank statements, sending extra documents will not work in your favour all the time
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Jazz2007
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Re: Tier 1(Entrepreneur) Extension Approved(50K) Share Capit

Post by Jazz2007 » Sat Feb 04, 2017 2:30 pm

zimba88 wrote:Just send few recent bank statements, sending extra documents will not work in your favour all the time
Agreed,

But for a Genuine Entrepreneur, It will be a stronger doc for sure.

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