Tier 1 Entrepreneur Extension in March 2016

[Marishres]

Need help!!
Hi everyone

When i applied for tier 1 entrepreneur visa(50 k)route i applied with my personal bank account. Once i got the visa I applied for business Account and I transfer only 20k in business account .Now the problem is I have only 9000 in my business account and around 20k in my personal.
the problem is will it be problem if i transfer some of my amount to businees account as only 3 month is left for extersion??
thank you

[aby00156]

Need help!!
Hi everyone

When i applied for tier 1 entrepreneur visa(50 k)route i applied with my personal bank account. Once i got the visa I applied for business Account and I transfer only 20k in business account .Now the problem is I have only 9000 in my business account and around 20k in my personal.
the problem is will it be problem if i transfer some of my amount to businees account as only 3 month is left for extersion??
thank you

The requirement is to invest 50k. As per what you are telling you have invested only 20k till now in you business.
You have 3 years in which you have to show that you have invested 50k in your business. You can transfer the money any time before the expiry date of your T1 Ent initial visa. But make sure your accounts need to match the investment.

[shanky]

Need help!!
Hi everyone

When i applied for tier 1 entrepreneur visa(50 k)route i applied with my personal bank account. Once i got the visa I applied for business Account and I transfer only 20k in business account .Now the problem is I have only 9000 in my business account and around 20k in my personal.
the problem is will it be problem if i transfer some of my amount to businees account as only 3 month is left for extersion??
thank you

No it shouldn't be a problem . Transfer the money in business account and get management accounts made from your accountant .

[Marishres]

thankyou for the reply
Is it we have to show 50k investment in 5yr or 3 yrs ?? Am confused.
And I have not taken wages from the company will it be a problem??

thankyou once again

[speshow]

Any update ? I already waiting nearly 8 months ...

[regularuser]

speshow,

Have you received your partial IHS refund ?

[speshow]

speshow,

Have you received your partial IHS refund ?

No, if received should be have result

[aby00156]

thankyou for the reply
Is it we have to show 50k investment in 5yr or 3 yrs ?? Am confused.
And I have not taken wages from the company will it be a problem??

thankyou once again

You have to show that you have invested 50k in 3 years (i.e. within the duration of your initial visa)

[noajthan]

Its now long past March 2016.