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Entrepreneur Extension Approval, 50K Director loan Route

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

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sat Feb 18, 2017 12:37 pm

Dear Zimba and Immigration board Members,

Visa Applied- 5th Dec 2016
Biometric - 14 Dec 2016
Approval - 16th Feb 2017

No Interview.

Documents Provided:
All fps signed
Director loan agreement
Bank statement showing 50k investment

Please follow guidance and and immigration board expert advice. trust me you cannot get it wrong.

I will prepare now for my 2 years extension for ILR.

I am one question to the members, that my initially and extnsion application followed Pre April 2016 guidelines fro Job creation. Am I still eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route?

Appreciate your advice and guidance.

Thanks
Soni

tier1in2014
Member of Standing
Posts: 284
Joined: Sun Jul 13, 2008 5:36 am
Mood:
India

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by tier1in2014 » Sat Feb 18, 2017 12:51 pm

sonirulz wrote:eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route
Congrats for your visa . Yes you will be eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route . Did you had any part time employees in this leave . if you don't mind sharing how they calculated those hrs as there is no clear guide on part time hrs . Thanks and good luck for ILR .
I am not perfect But I guess no one is ever perfect . We all make mistakes and learn from them. Never give up keep trying until you succeed.

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sat Feb 18, 2017 1:00 pm

kapoorinusa wrote:
sonirulz wrote:eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route
Congrats for your visa . Yes you will be eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route . Did you had any part time employees in this leave . if you don't mind sharing how they calculated those hrs as there is no clear guide on part time hrs . Thanks and good luck for ILR .
Hi Kapoorinusa,
I had 1 employee for 24 months. I believe if you have part time employees. All the hours added up should be equivalent to full time employee of 30 hours/week.

Eg: If 1 part time employee works for 15 hours/week and another fro 15 hours then that will count as equivalent to 1 full time job.

I hope that helps.

Thanks
Soni

tier1in2014
Member of Standing
Posts: 284
Joined: Sun Jul 13, 2008 5:36 am
Mood:
India

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by tier1in2014 » Sat Feb 18, 2017 1:31 pm

I know that part but we only had one part time employee for 7 months . I am just looking for some one with similar jobs applicants . Was you company in profit all years . Thanks
I am not perfect But I guess no one is ever perfect . We all make mistakes and learn from them. Never give up keep trying until you succeed.

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sat Feb 18, 2017 1:55 pm

no...1st year and 3 year loss.
2nd year profit where we took dividends as well.

tarun_shreeji
Member
Posts: 132
Joined: Mon Nov 25, 2013 7:41 pm
Location: Uk
Contact:
United Kingdom

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by tarun_shreeji » Sat Feb 18, 2017 2:21 pm

Congratulations for your visa,

You run business from home , or you have any commercial property ?

Please reply

Thanks
Nqf level 4 business

SK engineering
Newbie
Posts: 32
Joined: Thu Feb 09, 2017 11:45 am

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by SK engineering » Sat Feb 18, 2017 2:38 pm

Congratulation,
How many months FPS were submitted to HO? Is it last 12months or since employees started?

Thanks

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sat Feb 18, 2017 2:47 pm

tarun_shreeji wrote:Congratulations for your visa,

You run business from home , or you have any commercial property ?

Please reply

Thanks
My business has commercial address.

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sat Feb 18, 2017 2:49 pm

SK engineering wrote:Congratulation,
How many months FPS were submitted to HO? Is it last 12months or since employees started?

Thanks
You should send FPS since your company started employment. HO would like to see that the jobs created are made by you if you joined an existing business.

If you have started the business then obviously you still send them all fps, but in the form you mention which all employees you are claiming points for. If you check guidance note and form they are quite clear.

gt23
Junior Member
Posts: 80
Joined: Mon Nov 11, 2013 10:52 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by gt23 » Sat Feb 18, 2017 5:05 pm

Congrats

Did you provide extra documents like advertisement, invoices, contract or insurance?

Thanks

Rocher
Junior Member
Posts: 91
Joined: Sat Jan 21, 2017 9:50 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by Rocher » Sat Feb 18, 2017 8:33 pm

Congratulations!!

Did u sign all employee passport copy as seen orignal???

User avatar
zimba
Moderator
Posts: 21937
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by zimba » Sat Feb 18, 2017 8:54 pm

Congratulations on your visa :D
I am one question to the members, that my initially and extnsion application followed Pre April 2016 guidelines fro Job creation. Am I still eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route?
Yes, the guide item 169 is clear that you can follow the pre-April 2014 rules for your 5 year settlement.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sun Feb 19, 2017 1:28 am

Rocher wrote:Congratulations!!

Did u sign all employee passport copy as seen orignal???
Yes I did along with company stamp.

Meesha
Senior Member
Posts: 504
Joined: Thu Dec 26, 2013 12:51 am

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by Meesha » Sun Feb 19, 2017 1:30 am

Congratulations


You still will follow pre April rules.

sonirulz
Junior Member
Posts: 84
Joined: Wed Jan 22, 2014 5:11 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by sonirulz » Sun Feb 19, 2017 1:34 am

gt23 wrote:Congrats

Did you provide extra documents like advertisement, invoices, contract or insurance?

Thanks
The documents I submitted:
Advertisement material, payment receipts, website snapshot
Business card
insurance
fps report along with employee passport
director loan agreement
bank statement with proof of investment
client communication emails
company brochure
Accountant letter confirming investment and job creation (2 separate letters)
Annual accounts - 3 years showing investment in my name

Hope that helps

samaygrg
Senior Member
Posts: 607
Joined: Sun Jun 10, 2012 12:12 am
Location: United Kingdom

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by samaygrg » Sun Feb 19, 2017 4:32 pm

Great news! Congratulations.
sonirulz wrote:Dear Zimba and Immigration board Members,

Visa Applied- 5th Dec 2016
Biometric - 14 Dec 2016
Approval - 16th Feb 2017

No Interview.

Documents Provided:
All fps signed
Director loan agreement
Bank statement showing 50k investment

Please follow guidance and and immigration board expert advice. trust me you cannot get it wrong.

I will prepare now for my 2 years extension for ILR.

I am one question to the members, that my initially and extnsion application followed Pre April 2016 guidelines fro Job creation. Am I still eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route?

Appreciate your advice and guidance.

Thanks
Soni

The Symbol
Junior Member
Posts: 97
Joined: Fri Dec 20, 2013 1:35 am

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by The Symbol » Thu Feb 23, 2017 12:46 pm

sonirulz wrote:
gt23 wrote:Congrats

Did you provide extra documents like advertisement, invoices, contract or insurance?

Thanks
The documents I submitted:
Advertisement material, payment receipts, website snapshot
Business card
insurance
fps report along with employee passport
director loan agreement
bank statement with proof of investment
client communication emails
company brochure
Accountant letter confirming investment and job creation (2 separate letters)
Annual accounts - 3 years showing investment in my name

Hope that helps
Hey mate,

Would you be kind enough to share the format of the 2 accountant letters that you submitted. I know they have been shared by few before but I am on Transitional arrangement just like you so keen to find out what exactly your job creation letter looks like.

Much appreciated!

xeesee
Member of Standing
Posts: 252
Joined: Sun Oct 02, 2016 12:04 pm
England

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by xeesee » Thu Feb 23, 2017 12:54 pm

Congratulations

Did you take any salary as director of the company other than dividend.

Thanks

Hellopino
Member
Posts: 100
Joined: Fri Apr 05, 2013 12:39 pm
Location: United Kingdom
Mood:
Contact:
United Kingdom

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by Hellopino » Thu Feb 23, 2017 3:19 pm

Congratulations Soni,

Can you share your Director Loan agreement please. also did you get it witness by solicitor or no.

will appreciate your reply.

bookuser1
Newly Registered
Posts: 8
Joined: Fri Feb 24, 2017 11:37 pm

Re: Entrepreneur Extension Approval, 50K Director loan Route

Post by bookuser1 » Sat Feb 25, 2017 10:30 am

sonirulz wrote:
kapoorinusa wrote:
sonirulz wrote:eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route
Congrats for your visa . Yes you will be eligible to follow the same Job creation rule of 6 month each or 18 month+6 months or 12 month each route . Did you had any part time employees in this leave . if you don't mind sharing how they calculated those hrs as there is no clear guide on part time hrs . Thanks and good luck for ILR .
Hi Kapoorinusa,
I had 1 employee for 24 months. I believe if you have part time employees. All the hours added up should be equivalent to full time employee of 30 hours/week.

Eg: If 1 part time employee works for 15 hours/week and another fro 15 hours then that will count as equivalent to 1 full time job.

I hope that helps.

Thanks
Soni
Hi Soni,
Were your payslips mentioning 30 hours a week or 120 hours a month?

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