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Need your critical point of View

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

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Qasar Daniel
Junior Member
Posts: 61
Joined: Thu Feb 27, 2014 11:30 pm

Need your critical point of View

Post by Qasar Daniel » Sat Jun 07, 2014 2:16 pm

HI Guys I am going to apply soon my application for Tier 1 50K,I need your critical point of view about my situation, that how critically or negatively, they can see my case.
Situation :

I am founder and director of my company.
I have another person 2nd director in my company ( He dont need visa...he is British)
I will have 50K in my personal account. ( 23 min + 27 from my other partner 2nd director)
I have 100% share in my company...He have not share ..only director.
He is also singnatory in my business account as well

1- He will be service base director, ( Please advise how much percentage in profit I should mention him in financial Plan+ Or I should fix his salary ?

2- How should I clarify his investment....and his money in my personal account
3-Do I need to issue him any legal document for his investment in my business ( any legal requirement)
4- Can UKBA think that how 2nd director become agree to put money in my personal account, instead of business. as if he interested to invest in my business.

Your all guidance and critical points will be highly appreciate, so that I can prepare some of document accordingly.
Bundle of Thanks
Daniel

dontworry
Newbie
Posts: 41
Joined: Fri May 25, 2012 4:04 pm
Location: United Kingdom
United Kingdom

Re: Need your critical point of View

Post by dontworry » Sat Jun 07, 2014 2:35 pm

Are you applying alone or Team ?

I have another person 2nd director in my company ( He dont need visa...he is British)

I will have 50K in my personal account. ( 23 min + 27 from my other partner 2nd director) Does that mean you got 50 K in your account ?
I have 100% share in my company...He have not share ..only director.
He is also singnatory in my business account as well
You need to speak to an accountant

1- He will be service base director, ( Please advise how much percentage in profit I should mention him in financial Plan+ Or I should fix his salary ?

2- How should I clarify his investment....and his money in my personal account
3-Do I need to issue him any legal document for his investment in my business ( any legal requirement)
4- Can UKBA think that how 2nd director become agree to put money in my personal account, instead of business. as if he interested to invest in my business.

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