ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Personal finance in entrepreneurial application

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

Locked
ikh
Newly Registered
Posts: 9
Joined: Wed Jan 31, 2018 12:33 pm
Russia

change in the company name

Post by ikh » Wed Jan 31, 2018 12:55 pm

Hi All,
I am planning to apply for my ILR in mid-March.
My question is in regards to the change of the company name. I had my visa and extension granted being a director and investor for a company "A". However due to business circumstances we had to change the name of the company to "B" about 1.5 year ago. This is all indicated in the Companies House records.
Basically nothing had changed, except of the company name.
Should I expect any sort of complications regarding this change, if I explain the situation in the cover letter and this is all evident from the Companies House printout?
Has anyone come across situations like this?
Many thanks,
Irena

User avatar
zimba
Moderator
Posts: 21938
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: change in the company name

Post by zimba » Wed Jan 31, 2018 1:39 pm

No. This will be obvious in filling history of the company
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

ikh
Newly Registered
Posts: 9
Joined: Wed Jan 31, 2018 12:33 pm
Russia

employment timeline while applying for ILR

Post by ikh » Fri Apr 27, 2018 1:36 pm

Dear All,
I am planning to apply for ILR next week within the entrepreneurial visa route.
I have had two full time employees throughout the last 5 ears.
  • Employee A since February 1, 2015 with annual salary of £50,000 (hourly rate is £27.47). She is still employed.
    • Employee B since September 4, 2014 with annual salary of £48,500 (hourly rate is £27.00). His employment was terminated on the 31st of March 2017. Makes it two and a half years of full time employment.
    My solicitor insists that I can only apply on the basis of Employee A, and Employee B, not being employed within the last 12 month can not help my case.I cant find this sort of limitations in the rules.
    Can anyone please help me to understand when I stand in regards to this part of my application.
    Thanks in advance!

User avatar
zimba
Moderator
Posts: 21938
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: employment timeline while applying for ILR

Post by zimba » Fri Apr 27, 2018 2:04 pm

Under transitional arrangements, you simply need 104 weeks of full time employment AFTER your extension was granted.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

ikh
Newly Registered
Posts: 9
Joined: Wed Jan 31, 2018 12:33 pm
Russia

Re: employment timeline while applying for ILR

Post by ikh » Fri Apr 27, 2018 2:33 pm

zimba88 wrote:
Fri Apr 27, 2018 2:04 pm
Under transitional arrangements, you simply need 104 weeks of full time employment AFTER your extension was granted.
Thank you! Is this per person? Or all together?

User avatar
zimba
Moderator
Posts: 21938
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: employment timeline while applying for ILR

Post by zimba » Fri Apr 27, 2018 2:41 pm

In total.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

ikh
Newly Registered
Posts: 9
Joined: Wed Jan 31, 2018 12:33 pm
Russia

Re: employment timeline while applying for ILR

Post by ikh » Fri Apr 27, 2018 3:51 pm

zimba88 wrote:
Fri Apr 27, 2018 2:41 pm
In total.
Got it. Thanks a lot for your help.

ikh
Newly Registered
Posts: 9
Joined: Wed Jan 31, 2018 12:33 pm
Russia

Personal finance in entrepreneurial application

Post by ikh » Tue May 08, 2018 9:57 pm

Dear all,
Sorry in advance for the long post, I am trying not to miss the potentially useful details.
My ILR application went in on Wednesday. We were cutting it short, as my tier 1 (entrepreneur) visa was expiring the next day.
I have employed a solicitor back in March, but the information she asked me to provide was incomplete and I have received a long list of missing enquiries just couple of days before the application was supposed to be submitted.
When with business related issues I was able to deal within the required timeframe, the personal finance question remains incomplete even now.
The issue is: My directorial salary is exactly equal to the rent that I am paying for my flat in the UK.
I am able to live this way, because my mother sends me money, basically doubling my monthly income. My mother receives this money from leasing her flat (it used to belong to me, but I gifted it to my mom, when left to the UK). The rent money is being collected in cash (customary to the motherland) and gets deposited into my Russian account and I make a transfer into my Uk account.
The application form requires to provide at least three month bank statements, as evidence of my mother’s financial resources.
When I have discovered this requirement, the banks in Russia closed for few days of public holidays and my mother was only able to provide the copies of the online banking, which, as far as I understand, is not acceptable by the home office. We have enclosed the online statements anyway with a promise in the cover letter that we would send the originals shortly.
Now the solicitor informed me that she doesn’t think that my moms statement reflect her ability to send me this money. She asked that we would provide the title and the lease agreement to my moms flat, she says that she would rather send this and not show my mothers bank statements. To be clear, the bank statements show the amount of roughly two month rent.
Although I don’t see a major problem providing flat related documents, I find that it might confuse the home office with more information that they asked and not actually providing the requested info. I would think that this sort of information might be provided if HO requests it when they review my case.
Another thing, whilst saying all the above, the solicitor said that my sort of visa (entrepreneurial) doesn’t have a personal finance requirement per se, which adds even more confusion: why would my solicitor prefer to send the lease docs.
In the meantime the original bank statements have arrived to London.
What should I provide? Any opinion would be much appreciated.

User avatar
CR001
Moderator
Posts: 88124
Joined: Thu Mar 08, 2012 10:55 pm
Location: London
Mood:
South Africa

Re: Personal finance in entrepreneurial application

Post by CR001 » Wed May 09, 2018 10:24 am

Char (CR001 not Casa)
In life you cannot press the Backspace button!!
Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

User avatar
zimba
Moderator
Posts: 21938
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: Personal finance in entrepreneurial application

Post by zimba » Wed May 09, 2018 11:40 am

Do not worry about personal finance stuff. Not relevant to Tier 1E
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Locked