Tier 1 200k extension due in march 2016 help needed

[zimba]

Thanks Zinba.
No, I am not gaming the immigration. Technically, she is allowed to work in any company in UK. And if she works in my company and I am paying her the salary (and not counting her working hours to claim the points for 3120 working hours). How and Why HO can refuse one's visa?

Well if you are technically recovering portion of your invested money through you wife's employment, then HO has the right to question you on the prospects of why you had to hire your wife and your intentions to genuinely run a business. If you hire her, you better pay her out of the profits generated only.

[regularuser]

Zimba,

If someone already invested all 200k and taking director remuneration still is problem ?

[raj.m]

I have a question about investment too. I am on the £50k route and invested £22K between July 2014 and June 2015. And then invested the remaining £28K between July 2015 and January 2016. All £50k was invested by a way of share capital. My interim accounts from July 2015 and Feb 2016 show a "cash at bank" balance of approx £24K and administrative expenses of £53K. The administrative expenses for the period of July 2014 to June 2015 was about £40K.

I think I have spent enough to show that all £50K has been invested but I am worried about the "cash at bank" balance of £24K. Does this mean anything negative? Does this mean that the required amount has not been invested?

Any help would be highly appreciated.

Thank you

[noajthan]

A lot of very basic questions keep coming up.
Its quite unclear if members have run such a business before.

To avoid the risk of someone's three years in UK on T1E turning into a very expensive holiday, suggest start with reading relevant guidance.

You need to get up to speed on relevant guidance.

Available Funds
Invested or spent by the applicant’s business excludes spending on all of the following:

• their own remuneration

Ref https://www.gov.uk/government/uploads/s ... _0_EXT.pdf
- page 16

[regularuser]

Hello everyone,

I have quick question regarding Maint fund as I have enough fund in back home country to cover the maint fund requirement.

If i have Overdraft facility in my UK current account than is there possibility to claim the point for maint fund or better to show the back home country statement.


Look forward to your suggestion.

Regards

[zimba]

Hello everyone,

I have quick question regarding Maint fund as I have enough fund in back home country to cover the maint fund requirement.

If i have Overdraft facility in my UK current account than is there possibility to claim the point for maint fund or better to show the back home country statement.


Look forward to your suggestion.

Regards

You need to show cash maintenance of at least £945 for 90 consecutive days. Obviously the cash can be borrowed.

[regularuser]

Hi Zimba,

Thanks for quick reply. it means i can use that OD facility and get the letter from the bank that money was available for last consecutive 90 days.

is that correct ?

[zimba]

Hi Zimba,

Thanks for quick reply. it means i can use that OD facility and get the letter from the bank that money was available for last consecutive 90 days.

is that correct ?

No. The fact that you have an overdraft facility is not enough. According to the rules the funds must be held as cash in you account for 90 days. Now if you borrow the cash (using a credit card, loan, overdraft,..) and keep it in your personal account it does not matter that it came from a lender.

[n8net]

having read page 16, am I right in thinking that cash at the end of three year period is not a problem as long as it is in the business and there by being made 'available' ?

[n8net]

any1 please ?

[cappachino]

this is for a LTD company what about sole proprietor? do we need to submit bank statements as well or unaudited accounts and accountants letter suffice. As in the guidance there is no mention of sole proprietor submitting bank account statements.

[regularuser]

Hi

Just submit my application and after that realize made mistake in the form for investment related question although i have submitted correct documents relate to the question.

is it going to make any difference on outcome or is it better to send corrected part of the form before outcome ?

Any suggestion ?

[seasky]

I can attest that if you have a very strong application but with a minor mistake they can give you leeway. E.g. contact you with a chance to fix it or accept more evidence sent after application (so go ahead and send it....)

They are probably fed up with the losers who did not take entrepreneurship seriously and just barely collected 24 months of min wage employment with lots of employee turnover (or employees could just as well be their cousins wink wink) and not offer leeway

[regularuser]

Thanks

but its not related to employees

its related to the investment part and i think i have made mistake in that section, all necessary documents attached with the application but tick on wrong box.

any suggestion Please..

[seasky]

Thanks

but its not related to employees

its related to the investment part and i think i have made mistake in that section, all necessary documents attached with the application but tick on wrong box.

any suggestion Please..

Nice use of rolling eyes. But suggest you reread my post. Just like in many situations in life if you have a strong application in general they are looking for reasons to pass you. If you are weak they are looking for reasons to fail you. Makes sense?

So if you have a strong application (I only used employment as an example of what could be strong/weak. And yes another take away restaurant with the minimum of mine wage employees is weak. A technology startup with 5 high paid engineers is strong) I would go ahead and send an update on the minor error and be contrite about it. As I said they have leeway. If weak consider options

[zimba]

What is the error ?? I highly recommend against withdrawing your application.
You are also not allowed to add extra evidence or corrections after you send your application

[regularuser]

Thank you guys for response.

Zimba,

I have received copy of filled from the solicitor, he made a mistake in section 3 where they asking for investment. He advise that we have to tick option yes as investment fund shown in last leave (shown available fund). we have submitted accounts and my name as on directors loan, director loan agreement , ACCA confirmation letter for investment, bank statement showing my name with each invested amount.

is that suffice or send letter to UKVI about the error made in form ?

I havn't received my biometric yet.

Thanks

[zimba]

Thank you guys for response.

Zimba,

I have received copy of filled from the solicitor, he made a mistake in section 3 where they asking for investment. He advise that we have to tick option yes as investment fund shown in last leave (shown available fund). we have submitted accounts and my name as on directors loan, director loan agreement , ACCA confirmation letter for investment, bank statement showing my name with each invested amount.

is that suffice or send letter to UKVI about the error made in form ?

I havn't received my biometric yet.

Thanks

That is a minor issue due to the misunderstanding of the form (why pay money to a solicitor if they do not know these basics !!?)
Your evidence seems to be sufficient for award of points towards your investment. My suggestion is not to withdraw it.

[regularuser]

Thanks Zimba,

I'm bit worried but as you said it may be ok as we have submitted all the required documents to HO.


Thanks

[zimba]

Thanks Zimba,

I'm bit worried but as you said it may be ok as we have submitted all the required documents to HO.


Thanks

Your evidence is sufficient. You will not be refused if the evidence is there