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Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix
Zimba, I am confused here. Share capital is a method of injecting capital, you invest cash, get shares in return. It does not necessarily mean you invested prior to receiving your t1e visa. Another method is DL (did I understand share capital correctly?)zimba88 wrote:Depends. If you proved investment initially and got points for it, no need to prove it again
Got it. Twice in the last few days we have curious case where it seems something has gone awry on this. Someone invested via share capital (but never actually injected capital, it seems) and this case, if they already did share capital investment pre-visa, how did a DL come to be?zimba88 wrote:There is no such a thing as 'shared your intentions' initially. You either show you have access to the funds OR you you show that you invested them in the company already (via DL/ or allocated Share). You must send company accounts showing you have 50K/200K worth of shares under your name.
If you invested the funds and got the points during your initial visa, you do not need to prove investment again.
I don't understand this. Has your partner not applied for the extension at the same time as you ?vasann wrote: ↑Tue Aug 14, 2018 11:50 pmHi All,
At present we are waiting for the results of Tier 1 Entrepreneur Extension.(50k Share Capital Team application)
Time line below:
We had interview initial application(Team 50k share capital) in 2014.
We applied Extension 2017 April,
Biometrics given May 2nd week,
Complex letter recived May 4th week,
IHS Refund December 2017,My patner got refund January 2018
Interview cal 1st week Feb 2018
had Interview 2nd week Feb 2018.
I am eligible for 10 Year long residence route September 17th 2018.I came to the UK on Oct 15th 2008.My Partner will be eligible for ILR in Jan 2019.
if our current visa decision still pending till September 17th 2018,my partner would like to apply for tier 1 Extension application on the same day when I make application for ILR.My partner wants to be the 100% Share holder before applying for his Tier 1 Extension application.My partner would like to transfer 50% share amount to my personal account(25000).
vasann wrote: ↑Tue Aug 14, 2018 11:50 pm
If we do as mentioned above,I will have 0% shares on my name and will only be the director of the company.
below are my questions, I will be grateful if any one could suggest.
1.Can I work for my company ? ==> Yes
2.Will this cause any problem to my ILR application Process? ==> Yes, if you make the change before you get your ILR. Your T1E only allows you to work for your own company
3.I will enclose below documents for ILR application.
filled SET(LR) form
all passports photo copies
LIFUT test orginal
degree certificate photo copies
2 photos
Covering letter
4. Are this documents sufficient for ILR application ==> I think so
5.Do I need to notify that Tier1 application case worker team that I am varying to ILR. ==> No. They will get informed when you vary your application
6.Should my wife apply for FLR(M)along with me or should she wait until my ILR result comes?
Thanks in advance.
I still don't understand. If he has a pending application, he can't make another application unless he withdraws the current one. Which would make no sense. If he wants to send updated documents, he can just send those additional documents in - though I can't see why it would be needed.vasann wrote: ↑Wed Aug 15, 2018 4:46 pm
Q:I don't understand this. Has your partner not applied for the extension at the same time as you ?
My partner has applied for Tier 1 extension along with me in April 2017.Now again he would like to apply Tier 1 extension showing documents that he is 100% share holder because I am varying to ILR in September 2018.
Under T1E rules, you can only work for your own company. If you are not a director of the company and be an employee, you will be in violation of your visa and HO can curtail you T1E visa. Once you get your ILR, of course you can do whatever you want to.
Sure. It has nothing to do with immigration rules anyway.
She has to send in the application at the same time or will risk becoming an overstayer. But the cover letter should mention that the application should only be considered after your ILR application is decided.
The whole system is changing from 5th November, see below.