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1- Preferably Separate.MTZ510 wrote:Following are my details;
1- Tier 1 Visa 200 K outside UK.
2- Entrepreneur Team
3- Visa issued in July 2013
4- Entered UK in November 2013
5- Incorporated a company with two directors
6- Will transfer funds in Business bank account after sorting our Directors Loan Agreement.
My questions are;
1- As we are a team should we sign separate directors loan agreement of 100K each or we can sign a joint directors loan agreement of 200K.
2- What should be the tenure of Directors Loan Agreement?
3- We are investing say 50K in first year, and then increase the investment into the business as and when required, in this case i believe that the directors loan agreement should be made in the last year before extension when entire 200 K has been invested. Is my understanding correct? what should be the date on the Directors Loan Agreement?
4- Based on my entry in Uk i assume that my extension will be due in November 2016. Is it correct?
Thanks
buntyz wrote:Hi guys
i have query reg tier 1 entrepreneur ext.
1.if i will employ 5 full time staff for 2 yrs can i apply for ILR for straight as per their for ILR. they require 10 full time staff for 1 yrs.will UKBA consider 5 full time staff for 2 yrs to 10 full time for 1 yr.
any reply will be much appreciated
Lots of us, including mine.cappachino wrote:Any one on tier 1 200 k category extention due 2016
cappachino wrote:Can anyone share the list of documents required for extention
Are you that we need 'audited' financial statements? I thought unaudited should be fine, as long as they are signed by a professional accountant.samaygrg wrote:Go with the guideline,your document list will be ready.
- 50K Investment proof- director loan agreement
- Businss trading proofs- adverts, banking, insurance, trade membership, HR develoment, networking, receipts of expenses, invoices, business rent, business rate paid proofs
- Profit and loss account, balance sheet, cash flow (audited accounting reports of all)
- 2 FT job creation proofs- payslips, hmrc tax proofs, passport and CV of staff, JD,PS, Vacancy
- your experience letter, CV
- Cover letter, application forms, PP fotos, fee,passports, biometric cards
So far,I have seen the extension application process is straight-forward and so is their decision. Hope it goes like this.
HTH
cappachino wrote:Can anyone share the list of documents required for extention
confused90 wrote:Are you that we need 'audited' financial statements? I thought unaudited should be fine, as long as they are signed by a professional accountant.samaygrg wrote:Go with the guideline,your document list will be ready.
- 50K Investment proof- director loan agreement
- Businss trading proofs- adverts, banking, insurance, trade membership, HR develoment, networking, receipts of expenses, invoices, business rent, business rate paid proofs
- Profit and loss account, balance sheet, cash flow (audited accounting reports of all)
- 2 FT job creation proofs- payslips, hmrc tax proofs, passport and CV of staff, JD,PS, Vacancy
- your experience letter, CV
- Cover letter, application forms, PP fotos, fee,passports, biometric cards
So far,I have seen the extension application process is straight-forward and so is their decision. Hope it goes like this.
HTH
cappachino wrote:Can anyone share the list of documents required for extention
The extension application is straight-forward? That statement boosted my confidence
forgot to write..one most important document on above list;samaygrg wrote:Go with the guideline,your document list will be ready.
- 50K Investment proof- director loan agreement
- Businss trading proofs- adverts, banking, insurance, trade membership, HR develoment, networking, receipts of expenses, invoices, business rent, business rate paid proofs
- Profit and loss account, balance sheet, cash flow (audited accounting reports of all)
- 2 FT job creation proofs- payslips, hmrc tax proofs, passport and CV of staff, JD,PS, Vacancy
- your experience letter, CV
- Cover letter, application forms, PP fotos, fee,passports, biometric cards
So far,I have seen the extension application process is straight-forward and so is their decision. Hope it goes like this.
HTH
cappachino wrote:Can anyone share the list of documents required for extention
confused90 wrote:As per guidance, even unaudited statements can be provided... unless company has to make audited statements by law:-
Evidence to show how much has been invested
104. You must provide all the appropriate specified documents needed to establish the amount you have already invested from the following list.
i) Audited accounts
Registered companies that are required to produce audited accounts must do so. For information on who needs to produce these accounts please refer to the Companies House website on http://www.companieshouse.gov.uk/about/ ... gba3.shtml.
ii) Unaudited accounts and an accountant’s certificate of confirmation
Businesses that are not required to produce audited accounts must provide unaudited accounts, sometimes called management accounts, together with a certificate of confirmation from a suitably regulated accountant
dalaremal wrote:Hi
I have got the visa in January 2014
I showed my money overseas,(50k PSW route).
Now, some of that money is in my personal account. Should I transfer that money directly into my business account?
I think you should transfer it to your business account asap. I got visa last month and I already transferred almost 30% of the investment in my account. [/quote]dalaremal wrote:[/code]