Marcnath / Zimba, Someone might have previously answered to this question but I need to double check, my venture capital firm was called XYZ CAPITAL and I just did a bit of digging and found that a number of applicants on this forum had their Visa's refused/ Deception imposed because of this Firm wh...
Marcnath, Thank you for your feedback, I will speak to the solicitor again sharing your thoughts so atleast I have a clear idea. Last question, I am showing investment as share capital so is this OK or do I still need to go via Director Loan? but the money I invested came directly into my Business a...
I have hired a solicitor now, though his views were slightly different with regards to VC. He states that you should provide the old paperwork but we'll mention that the funding never came through therefore the applicant was left with no option other than to source his own funds.
Marcnath, When you initially applied for leave as Tier 1 Entrepreneur you applied with funds 50,000 from a Venture Capital Firm. Paragraph 46-SD(a)iv of Appendix A of the Immigration Rules states that: (iv) If the applicant is claiming points for investing 50,000 from a Venture Capital Firm, Seed Fu...
Marcnath, Thank you as always for your valued feedback, since I switched from STUDENT to TIER 1 rather from PSW. Anyone at that time who was on PSW who switched to TIER 1 can invest their own funds or from 3rd party source where is if a student is switching to TIER 1 they would have to go through ve...
Hi Marcnath, Thank you, here is the situation. I am currently drafting the accounts as share capital taking the share value to over £50k with my Business accounts to support the ground since that is where they can see the funds came in and invested accordingly. Now, if I do the above what additional...
Marcnath, Thank you, I have probably the last question: If a venture capital firm dissolves without investing and the applicant is left with no choice other than to either find another venture capital to fund or eventually invest his/her own funds how does the policy evolve around this? I would real...
Hi Marcnath, Thank you, the funds came from a EUROPEAN account directly into my Business account and for the new set of accounts they will be shown as an investment. The bank statements can also show the transactions for purchasing franchise etc so they were used lawfully as per HO rules but indeed ...
Hi Marcnath, Thank you for your valued feedbacks, yes initial application was based on VC funds available however afterwards I had to inject my own funds which came from abroad directly into my Business account and thereafter I made payments for i.e. Franchise fee etc. The only confusion I had is, I...
I would really appreciate if you can shed some light whether I can apply with Director loan or I need to put some different notes within the accounts? Since the money invested was from directly from a Business account.
The funds deposited were in Business account rather personal.
Hi Marcnath, Thank you, so basically last 1 year is fine with added management accounts to date?. Also, now I am showing the investment by Director Loan and I can show the statement of the funds transferred but those funds came directly to my Business Account rather personal and with Director Loan I...
Hi Marcnath, Could you please let me know how far back the accounts needs to be prepared? I have cross checked with 2-3 different accountants and they have all confirmed the set of accounts were fine but they were wrongly presented to HO with restricted information, therefore, your application was b...
Hi Marcnath, I am filling out the application for my dependant and currently stuck on Page 23, I do not understand what exactly applies to me here: Section K - About your Immigration History In this section you will be asked to provide information about your current and previous immigration status i...
Hi Marcnath, Will below help, I simply copy-pasted as I can not upload here. INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2017 2017 2016 £ £ Turnover 157,057 103,549 Cost of raw materials and consumables (32,670) (24,405) Staff cost (52,965) (30,590) Depreciation and other amounts written off assets ...
Hi Marcnath, Thank you for your feedback, please see my response: With regards to the shares/accounts is there a private message service where I could forward and you can kindly look? Set of accounts from the date of finish to the end of December, that makes sense provided I fully understand what ex...
Hi Marcnath, Thank you for your valued feedback, please see my response in RED: Whether you need bank statements depends on whether it was Share Capital or Director Loan. Well, nowhere in my set of accounts we mentioned as director loan, it was share capital. (Sorry I am not good at accounts but the...
Hello Marcnath, Thank you for your valued feedback, my response below: If this was the argument you used, it was wrong. You still needed to provide evidence of investment as was explained to you. You did not need to provide the "Additional evidence for Venture Capital investment" which is ...
Please see the following AR refusal response from HOME OFFICE: Further Information: IF YOU HAVE ANY REASON TO STAY IN THE UK THAT YOU HAVE NOT ALREADY TOLD US ABOUT, YOU MUST TELL US NOW OR AT THE LATEST WITHIN 14 DAYS OF RECEIVING THIS LETTER USING THE APPLICATION FORM ON OUR WEBSITE: GOV.UK/UKVI. ...
Thank you for your feedback, firstly I did argue the clause however long story short I will type in the refusal ground shortly for all to read. Also, the CAR link you provided did not work?
Thank you for the feedback, I have some questions below: I did seek an advice from an experienced solicitor though he will consult a barrister for the plan of action. I, however, would like to go through a fresh application but now I know what the home office is looking for in my case since they hav...
