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by AdamR
Tue Jan 31, 2017 8:02 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Director's Loan Extension Question
Replies: 9
Views: 665

Re: Director's Loan Extension Question

Thanks Samaygrg.

I'll have to do some more digging around online. I'd be joining a business with 4 other equal partners. Right now they make a decent salary and the biz is thriving. Which makes for a good opportunity, but a bit tricky with a Visa.

Cheers
by AdamR
Tue Jan 31, 2017 6:31 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Director's Loan Extension Question
Replies: 9
Views: 665

Re: Director's Loan Extension Question

Actually I read that wrong and a bit hastily. If I'm understanding what you're saying Zimba, at the end of the initial three years the balance sheet has to show the business owing me 200K as a Creditor in order to get the points for extension. Your potential solution was starting with a smaller ...
by AdamR
Tue Jan 31, 2017 6:00 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Director's Loan Extension Question
Replies: 9
Views: 665

Re: Director's Loan Extension Question

Thanks for the quick reply and perspective Zimba, it's really appreciated.

I guess the alternative would be to do a Director's Loan for the full amount and have it paid back in something like two years. Rent for two, see how the market reacts to Brexit, then buy.
by AdamR
Tue Jan 31, 2017 5:31 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Director's Loan Extension Question
Replies: 9
Views: 665

Re: Director's Loan Extension Question

I have access to the full 200K, more than that actually, but was wanting to put some money down and purchase a home when I arrive. The business doesn't need an influx of cash to grow, so I was looking for ways to meet the visa requirements, but not have everything tied up in it.
by AdamR
Tue Jan 31, 2017 5:04 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: Director's Loan Extension Question
Replies: 9
Views: 665

Director's Loan Extension Question

Hi Gurus, I've read through multiple pages of the forum and the guide, but can't find an answer for this specific question. I'm looking to join some business partners in an existing venture in London that is doing quite well - bringing in revenues of 400K+. I'll spend about 50K buying shares of the ...