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Investment amount consumption

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

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Irfanlibra2017
Member
Posts: 103
Joined: Fri Mar 31, 2017 7:08 am
United Kingdom

Investment amount consumption

Post by Irfanlibra2017 » Fri Jan 19, 2018 4:30 pm

Hi,

When we transfer investment amount from Personal account to Business Account, is that enough to show to home office at the time of extension that investment amount is invested?

or we must have to show personal to business transfer and then after that we need to show each and every pound spending proof? like what we bought for business all purchase invoices, etc...?

malick85
Newly Registered
Posts: 18
Joined: Fri Jan 12, 2018 9:18 am
Pakistan

Re: Investment amount consumption

Post by malick85 » Fri Jan 19, 2018 5:31 pm

No you don’t need to spend all the money u transferred to ur business account. Expenses of company depends on its requirements.
U transferred from personal to business that indicate the investment and that’s what they require. There is no points for expenses but for investment.
They might ask you about your expenses from your accounts in the interview stage.

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