Home office calculation to the investment of 200k

[Nader1976]

Hie everyone,
Can you please advise me regarding my Tier1 entrepreneurial team visa of 200k.
Our original business plan was to sell natural fruit shape soaps and candles importing from China and due to many complicated process to import cosmetics products from China and sell them in Uk specially for our products which looks like the same shape of fruits which maybe prohibited to sale because of mis-eating by children .
Now we are planning to change the business which was submitted originally in the business plan to setup new Resturant.
My question: is there any required procedures I need to do such as to inform the home office about this changes before I start the investment in the restaurant?or I should do?
Your kind support will be highly appreciated

[Nader1976]

Nice day for all,
As Tier1 entrepreneurial visa I have registered the address of my company to the same address of my chartered accountant. Is there any problem?
My business is trading as Resturant which have different address.
Kindly please advise me do I have to register my company in separate address not using the address of accountant?

[marcnath]

Nice day for all,
As Tier1 entrepreneurial visa I have registered the address of my company to the same address of my chartered accountant. Is there any problem?
My business is trading as Resturant which have different address.
Kindly please advise me do I have to register my company in separate address not using the address of accountant?

It does not matter

[marcnath]

Hie everyone,
Can you please advise me regarding my Tier1 entrepreneurial team visa of 200k.
Our original business plan was to sell natural fruit shape soaps and candles importing from China and due to many complicated process to import cosmetics products from China and sell them in Uk specially for our products which looks like the same shape of fruits which maybe prohibited to sale because of mis-eating by children .
Now we are planning to change the business which was submitted originally in the business plan to setup new Resturant.
My question: is there any required procedures I need to do such as to inform the home office about this changes before I start the investment in the restaurant?or I should do?
Your kind support will be highly appreciated

Do not start separate topics for each question. Stick to one post for ALL your questions

No, you are free to make any changes to your business

[Nader1976]

Dear Members,
I would like to inquire about how to calculate the amount of investment of two hundred thousand pounds in the case of the investment by myself and my partner in the form of an Director Loan.
Are all expenses, such as VAT payments, taken into account and VAT refunds are being refunded?
What is the best option for the duration of the director loan agreement three years or five years?
Is it possible to redeem the Director Loan annually from annual profits if the agreement states that to redeem the Director Loan for example after five years?
If my company has two investment projects such as a restaurant and a barber shop and the company has only one bank account, is it necessary to have a separate account for each activity or only the company account can be acceptable to serve the two business activity?

[CR001]

Do not start separate topics for each question. Stick to one post for ALL your questions

[Nader1976]

If I would like to pay from the 200k investment to import products from overseas for my business. does this amount will be counted from the investment of 200k?

[Nader1976]

I would like to apologize for this inconvenience due to my lack of experience to participate properly in this forum.
I will try to summarize my inquiries under one subject.

[Nader1976]

Dear marcnath,
Kindly please advise me regarding the above mentioned questions which I have posted them previously.
Your kind support will be highly appreciated.
Best Regards,

[Nader1976]

I have another question please.
If I have setup my company during the first six months and I have been appointed as director then later on I decided to invest the 200k into existing UK business and I will be also appointed as director in the new company which I intends to invest in it but after eight months from my arrival date.
My question regarding to achieve the condition to appoint myself as director within six months will be claimed from my original company even if it is dormant because I’m planning to apply my file supported by all the documents of the new company which I have invested the 200k through it but the data of appointing myself as director in the new company was late for more than six months from My arrival date.
Secondly what is the best option for me to invest the 200k directly from my personal account to the new existing company account then I will be share holder or to have partnership agreement between my original company and the new existing company which intends to invest to?

[Nader1976]

Hello Zimba and Marcnath,
Kindly please I need your kind support to advise me regarding all my previous questions.
Your response will be highly appreciated.
Thanks,

[CR001]

Hello Zimba and Marcnath,
Kindly please I need your kind support to advise me regarding all my previous questions.
Your response will be highly appreciated.
Thanks,

The forum is not an "on demand live" system. It is a Sunday and members are likely spending time with their family.

When someone is available and willing to respond, I am sure they will. Please refrain from posting every half hour for a response.

[marcnath]

Dear Members,
I would like to inquire about how to calculate the amount of investment of two hundred thousand pounds in the case of the investment by myself and my partner in the form of an Director Loan.
Are all expenses, such as VAT payments, taken into account and VAT refunds are being refunded?
What is the best option for the duration of the director loan agreement three years or five years?
Is it possible to redeem the Director Loan annually from annual profits if the agreement states that to redeem the Director Loan for example after five years?
If my company has two investment projects such as a restaurant and a barber shop and the company has only one bank account, is it necessary to have a separate account for each activity or only the company account can be acceptable to serve the two business activity?

Why are you confusing investment with spend ? Investment is money that goes into the business, spend is money going out. And the T1E rules requires you to make investments.
Yes, it should be ok to take money from profits.
Accounts are per business, not activity.

I have another question please.
If I have setup my company during the first six months and I have been appointed as director then later on I decided to invest the 200k into existing UK business and I will be also appointed as director in the new company which I intends to invest in it but after eight months from my arrival date.
My question regarding to achieve the condition to appoint myself as director within six months will be claimed from my original company even if it is dormant because I’m planning to apply my file supported by all the documents of the new company which I have invested the 200k through it but the data of appointing myself as director in the new company was late for more than six months from My arrival date.
Secondly what is the best option for me to invest the 200k directly from my personal account to the new existing company account then I will be share holder or to have partnership agreement between my original company and the new existing company which intends to invest to?

You can meet the six month requirement with one company and the investment with another company - there is no additional steps needed.

If I would like to pay from the 200k investment to import products from overseas for my business. does this amount will be counted from the investment of 200k?

Yes

[Nader1976]

Dear marcnath,
Many thanks for your response,
I’m still having some confusion regarding if invest the 200k into the business account then I start to spend on the business to pay such as lease fees, VAT, fittings, employees salaries...etc, so all this expenses will be counted from the 200k?
What is the best option for the duration of the director loan agreement three years or five years?
If I would like to invest the 200k into existing UK business, what is the best option for me to invest the 200k either directly from my personal account to the new existing company account then I will be share holder OR to transfer the money from my company account to the new existing UK company then we will have partnership agreement between my original company and the new existing company which intends to invest to?
I really do appreciate your kind support for me
Thanks,

[Nader1976]

One more question please.
Do I need to transfer the investment money of 200k from my personal account to the business account within six months from my arrival date?
Many thanks for your patience.

[marcnath]

I’m still having some confusion regarding if invest the 200k into the business account then I start to spend on the business to pay such as lease fees, VAT, fittings, employees salaries...etc, so all this expenses will be counted from the 200k?

This question makes no sense. You have to invest 200K into the business. How it is spent is up to the needs of the business. Only some exceptions are there - money paid to yourself, to owners of any businesses you acquire or for residential property. These have to be deducted from your investment (unless it is paid from sales/profits)

What is the best option for the duration of the director loan agreement three years or five years?

There is no best option. It really does not matter.

If I would like to invest the 200k into existing UK business, what is the best option for me to invest the 200k either directly from my personal account to the new existing company account then I will be share holder OR to transfer the money from my company account to the new existing UK company then we will have partnership agreement between my original company and the new existing company which intends to invest to?
I really do appreciate your kind support for me

I have no idea. You need to invest from our personal account to your business account. I can't figure out what the other transaction has to do with your investment.

One more question please.
Do I need to transfer the investment money of 200k from my personal account to the business account within six months from my arrival date?
Many thanks for your patience.

No. You need to transfer it before your extension application.
But remember that you have to have access to the fund all the time until it is invested into your company - so you can't use it for anything else