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directorship

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 6:32 pm

directorship

Post by Legal83 » Tue Jun 25, 2013 10:05 pm

Can we become director of an existing company and invest in form of unsecured directors loan ? While not being a share holder - In this case we get salary plus annual interest over the loan. Is this all fine ?
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tuhc
Junior Member
Posts: 83
Joined: Thu Mar 28, 2013 2:22 pm

Post by tuhc » Tue Jun 25, 2013 10:22 pm

Yes it's absolutely fine, go for it, I did the same and got visa in 2 months.
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Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 6:32 pm

Post by Legal83 » Tue Jun 25, 2013 10:24 pm

Did u become director of an existing company and invested in form of directot loan ? Are usshareholder of that company as well ?
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tuhc
Junior Member
Posts: 83
Joined: Thu Mar 28, 2013 2:22 pm

Post by tuhc » Tue Jun 25, 2013 10:32 pm

Yes I did the same and I was not the shareholder of that company, if u investing in the form of director loan than u have no need to show yourself as a shareholder.
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Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 6:32 pm

Post by Legal83 » Tue Jun 25, 2013 10:38 pm

Ok thanks.
Last edited by Legal83 on Sun Jun 30, 2013 11:34 pm, edited 1 time in total.
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Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 6:32 pm

Post by Legal83 » Tue Jun 25, 2013 10:52 pm

Pls check ur inbox
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plshelpme
Newly Registered
Posts: 1
Joined: Mon Sep 23, 2013 5:27 pm

Directorship with out Shares

Post by plshelpme » Mon Sep 23, 2013 5:53 pm

First of all. Please accept my apologies I am very new to this forum. I have been reading posts for the last couple of days as my PSW visa is going to expire soon.

I was looking different options but one the option I have to invest in existing company through director loan. But the existing director ( who is also a share holder) doesn't like to issue new shares but he is happy to take me on as director. His business is above NVQ level 4 category which is very appealing for me. But I am not sure ( neither he ) how to proceed further.

Although it is mention to invest in form of director loan without being share holder in that company but I want to make sure whether some body got the visa through. Secondly if you got the visa then what was the procedure and which documents did you send. Also, I would really appreciate if you could send me a Director Loan agreement Sample.

God bless you all.......!!!!!!!!!!
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