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If you generate profit, you can invest the profit you generated into anything you wish funds, shares, stocks, etc and then invest your personal money from your account to spend them according to the visa rules.ceobot wrote:Hi Guys,
I've got my Tier 1 £50000 enterpreneur visa approximately half year ago (April 2014) and now I have one issue.
The problem is that after initial investment of £6000 (transfer from personal account to business) my business started generating profit and actaully I am able to cover all my expenses (marketing, advertising, salaries, office etc) from this profit.
So even if I invest another £44000 from my personal account I don't know how to spend them.
My question is: Can I invest £44000 from my personal account and using my business account invest these money in UK investment funds, bonds, other companies shares etc. After this I will be confident that £50000 was invested and I will continue running my company and use my profit for all types of expenses.
I didn't find in Extension Guidance that it is not allowed to ivest money in investment funds, shares, stocks, bonds etc.
What do you think ?
Thanks! But, how does it practicly work? Can I transfer my retained profit to business saving acc for example and then transfer £50K from my personal acc to business to spend it for the purpose of my extention? In other words how I shall separate my money (investment) from business money (generated profit) ?GLL wrote:ceobot wrote: If you generate profit, you can invest the profit you generated into anything you wish funds, shares, stocks, etc and then invest your personal money from your account to spend them according to the visa rules.
If this is still not a solution for you, you can invest the remaining amount in another business or company, as this is acceptable according to the visa rules.
The answer is NO, UKVI doesn't consider investment made in businesses other than the entrepreneur's own business.ceobot wrote:My question was not answered. So I am still looking for more information or advice. Can my investments from my personal account to my company's business acoount (by the way of director's loan) be used to invest money in UK company's shares, UK bonds etc.
On the other hand if you have invested the required amount can you use the profit made from the business in any way including withdrawal for your personal expensesJohnOhn wrote:This question gets asked frequently and I think many people are just over thinking it. HO wants to see that you invested £200k/50k of your own funds and that the business spent those funds over three years and that is all.
Most companies will not blow through £200k before they make any money and HO know this. The UK government WANTS your business to be SUCCESSFUL so you pay taxes and hire more employees. They don't want to force you to see a loss until your investment is spent.
At the end of three years just show in your company accounts that you've invested the funds you are supposed to and that your business has spent that amount of funds.
Again, the HO wants you to be successful. If you've only invested £25k before you have a great year and make, for example, £700,000 in profit, just make sure you've invested another £25k and the business spends that much more before your three years is up.