In the Tier 1 Policy guide it says :Tier 1(Entrepreneur) Policy Guidance version 04/2017 - Page 44 :
https://www.gov.uk/government/uploads/s ... 4_2017.pdf
Genuine Entrepreneur Test – Extension Application
From 6 April 2015, if you are making an extension application, you will be subject to a genuine
entrepreneur test. We must be satisfied that you:
have established, taken over or become a director of one or more genuine
businesses in the UK, and have genuinely operated that business;
have genuinely invested the money referred to in Table 5 of Appendix A into one or
more genuine businesses in the UK;
intend to continue operating one or more businesses in the UK; and
do not intend to take employment other than under the terms of paragraph 245DE
of the Immigration Rules.
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.
We reserve the right to request additional information to support the assessment of the application,
and to refuse the application if the evidence is not provided. Any requested documents must be
received by us at the specified address within 28 calendar days of the date of request.
Please Note: If we are not satisfied that you have met the test, in relation to a points-scoring
requirement in Appendix A of the Immigration Rules, those points will not be awarded.
We may decide not to carry out the above assessment if the application falls for refusal on other
grounds, but we reserve the right to carry out this assessment in any reconsideration of the
decisions.
You must comply with any request we made for you to attend an interview, unless a reasonable
explanation is provided as to why you cannot comply.
Claiming points for attributes – Extension Applications
Investment of funds
139. You must show that either the full amount of £200,000 or of £50,000 if appropriate, in cash
has been invested in business in the UK.
140. If you provided evidence of the funds as part of your last successful application you do
not need to provide that evidence again.
141. We recognise that, as an entrepreneur, you may have moved on to other activities and
no longer be involved in the business in which you initially invested, but we still require this
evidence to show that the money was invested.
142. If you entered the Tier 1 (Entrepreneur) category as part of an entrepreneurial team, both
team members can use the same evidence for creating employment.
143. Please note: If you are relying on funds invested in a business, any money you have
already ‘spent’ for business purposes must be shown as investment in your financial accounts.
144. The amount of money invested should not:
include the value of any residential accommodation or property development or
property management; or
be in the form of a director’s loan, unless it is unsecured and is subordinated in favour
of the third-party creditors.
Please correct me if I am wrong based on this , should I take that Genuine Ent test is for extension and was for initial application .
