Post
by marcnath » Tue Mar 03, 2020 11:59 am
yash121 wrote: ↑Tue Mar 03, 2020 10:01 am
Hello Everyone
I got my visa on 17th September 2019 under Tier 1 VC funding route and I need your precious advise on below things
1) Is it mandatory to get the £50K from VC firm with 6 months period ?
2) Can I return the VC funding within 1 year by providing my company director loan as every year VC charges will increase
thanks for your help
1) No
2)Read through the guidelines. There are some documents needed from the VC for your extension application. As long as you have those documents, I don't see anything in the regulations that prevent you from returning the money.
Having said that, your questions raise the genuine nature of your VC investment itself. From my experience as an investor, VCs don't make investment for short term returns, so the fact that you even have the option to just return the money to avoid/reduce charges raises questions about the nature of that investment. HO has been known to scrutinise the VC investments and have even curtailed visas when they are concerned about the genuineness of the VC.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.