Advice needed! Extension Tier 1 Entrepreneur

[Entrepreneur9]

Yes you are right. If you employ 4 workers continuously full time for a period of 6 months, you will qualify for extension.

ok thanks. then this concerns me a bit:

• A worker who is employed for part of a year and then leaves the job can be replaced
by another worker so that the employment as a whole adds up to 12 months. However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.


This implies that it must be a continues employment of every week for the period of 12 months. But if we have 4 workers continues full time for the period of 6 months - in terms of hours it is the same..

Sky_rise, please read below:

The employment created:
• does not need to be in a single period. It can be made up of shorter periods;
• does not need to be for any particular number of workers. A single person may be
employed for this time, or several people; and.
• must comply with the United Kingdom regulations, including the working time directive.
You can find more information on the business link website: http://www.businesslink.gov.
uk/.
93. Only employees of your business will qualify. Self-employed contractors who are working for
your business will not qualify for the award of points.
94. EXAMPLES: We would consider the following as acceptable employment:
• The working hours of two part-time workers can be combined to add up to 30 hours a
week or more and form the equivalent of one full-time post.
• A worker who is employed for part of a year and then leaves the job can be replaced
by another worker so that the employment as a whole adds up to 12 months. However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.
• A single worker can be employed for 24 months. The employment can also be made up
of a six-month period for one worker and an 18-month period for another.
• If four workers are employed for 26 weeks (six months) each, their hours of employment
may be added together.

[rahulsingh1]

Actually may be not- read the last line in the whole paragraph:

However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.

It contradicts or If I can say clarifies our doubt.

It suggests that lets say you have worker who worked from Jan-June (6 months) and left. And then you hire the next worker you worked from Sep-Feb(6 months). Then in the whole period of Jan to Feb(next year) which is a total of (14months) , you can claim only 12. And the 2 month gap in between (July-Aug) will not be counted..

Read that line again :

However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.

ok thanks. then this concerns me a bit:

• A worker who is employed for part of a year and then leaves the job can be replaced
by another worker so that the employment as a whole adds up to 12 months. However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.


This implies that it must be a continues employment of every week for the period of 12 months. But if we have 4 workers continues full time for the period of 6 months - in terms of hours it is the same..

Sky_rise, please read below:

The employment created:
• does not need to be in a single period. It can be made up of shorter periods;
• does not need to be for any particular number of workers. A single person may be
employed for this time, or several people; and.
• must comply with the United Kingdom regulations, including the working time directive.
You can find more information on the business link website: http://www.businesslink.gov.
uk/.
93. Only employees of your business will qualify. Self-employed contractors who are working for
your business will not qualify for the award of points.
94. EXAMPLES: We would consider the following as acceptable employment:
• The working hours of two part-time workers can be combined to add up to 30 hours a
week or more and form the equivalent of one full-time post.
• A worker who is employed for part of a year and then leaves the job can be replaced
by another worker so that the employment as a whole adds up to 12 months. However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.
• A single worker can be employed for 24 months. The employment can also be made up
of a six-month period for one worker and an 18-month period for another.
• If four workers are employed for 26 weeks (six months) each, their hours of employment
may be added together.

[la]

Hm.... very interesting. If La is right and I need to spend for business purposes the whole amount of 200k, and then my extension application will be rejected. How can I secure myself? The only way is going to be is to sell the business and move out from the country?

This is as per my understand from policy guidance. We need confirmation from UK BA on this. Others, please share your thoughts on this.

[la]

Hello La-
Its only applicable if the business is in construction.

it does not apply to business other than that i think ?

Hi La- Following is the full text from page 40 of the guidance.
I dont see where it says that money from business acount has to be spent. ?

--------------------------

A person involved in
property development
makes improvements of some kind to immovable
property (real estate), which increases its value. A person involved in
property management
is charged with operating immovable property (real estate) for a fee, on behalf of the owner
.
The restrictions on investment in property development and property management are intended
to ensure that the Entrepreneur route is used to promote United Kingdom competitiveness in
business.
There is no objection, however, to you investing in companies that are mainly involved in
construction.
Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.
W
hat is a business in the United Kingdom?
A21.
For the purposes of this application, you must have made a capital investment in a business
operating within the United Kingdom economy and subject to United Kingdom taxation. We will
consider a United Kingdom business to be one that:
1.
has its business premises (unless you are self-employed and do not have a premises) or its
registered office or, if it has no registered office, its head office (for a Director of a company)
in the United Kingdom;
2.
has a United Kingdom bank account showing transactions for the business that are current
(this may be either a business bank account, or a personal bank account for sole traders);
and
3.
is subject to United Kingdom taxation.
Any business that benefits from your £200,000 (or £50,000) investment used for the purposes of
claiming points for this application must be this type of business.
Multinational companies that are registered as United Kingdom companies with either a registered
office or head office in the United Kingdom are acceptable.
Registration as self-employed
A22.
A person setting up as self-employed must register as such with HM Revenue & Customs
within six months of starting up. For more information on the legal requirements see the section
Business and Self-employed at
www.gov.uk/browse/business.
Current appointment report from Companies House
A23.
You must obtain the report from Companies House, for a fee, and send it with your
application. This document shows when you became a director of a company. This will be the
same document for a new business as for those becoming directors of an existing business.
For more information on registration with Companies House, please contact Companies House
www.companieshouse.gov.uk/contact/contactUs.shtml
For information on obtaining the current
appointment report please see
http://www.companieshouse.gov.uk/toolsT ... Info.shtml.
Franchises
A24.
Businesses that are set up as franchises can be accepted for the award of points.
You will
either be self-employed or employed, depending on how you decide to structure the franchise
business, and should provide the appropriate evidence

--------------------------


Can you point to the line you are referring to ? Will help us all..

No you cannot just keep money in business bank account. Please see below on page 40 of policy guidance.....

Money deposited in a bank account, even if it is in a United Kingdom business bank account, is not counted as investment in business. The money should be used in the business to encourage growth or expansion, to improve services or products and to ensure the business is profitable.

more details - please refer to this link

http://immigrationboards.com/viewtopic.php?t=137111

Please read bold highlighted text

Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.

Where does policy guidance say - it only applies to construction not to other types of investment ?

[rahulsingh1]

well because it is under the section:

Property development and property management are excluded from the types of
investment accepted for the award of points Investment in property
development and
management will not be taken into account for the award of points. This is because it is not the
intention of this category to allow you to set up as a landlord and let properties in the United
Kingdom. The intention is to promote United Kingdom competitiveness in business and to focus Tier 1 (Entrepreneur) Policy Guidance version 04/2013 Page 40 of 53
the investment on promoting business beneficial to the United Kingdom economy.
A person involved in property development makes improvements of some kind to immovable
property (real estate), which increases its value. A person involved in property management
is charged with operating immovable property (real estate) for a fee, on behalf of the owner.
The restrictions on investment in property development and property management are intended
to ensure that the Entrepreneur route is used to promote United Kingdom competitiveness in
business.
There is no objection, however, to you investing in companies that are mainly involved in
construction.
Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.


This is answer to the topic in bold above on Page 40 of the guidance.. so i would assume this applied only to property businesses..

Hello La-
Its only applicable if the business is in construction.

it does not apply to business other than that i think ?

Hi La- Following is the full text from page 40 of the guidance.
I dont see where it says that money from business acount has to be spent. ?

--------------------------

A person involved in
property development
makes improvements of some kind to immovable
property (real estate), which increases its value. A person involved in
property management
is charged with operating immovable property (real estate) for a fee, on behalf of the owner
.
The restrictions on investment in property development and property management are intended
to ensure that the Entrepreneur route is used to promote United Kingdom competitiveness in
business.
There is no objection, however, to you investing in companies that are mainly involved in
construction.
Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.
W
hat is a business in the United Kingdom?
A21.
For the purposes of this application, you must have made a capital investment in a business
operating within the United Kingdom economy and subject to United Kingdom taxation. We will
consider a United Kingdom business to be one that:
1.
has its business premises (unless you are self-employed and do not have a premises) or its
registered office or, if it has no registered office, its head office (for a Director of a company)
in the United Kingdom;
2.
has a United Kingdom bank account showing transactions for the business that are current
(this may be either a business bank account, or a personal bank account for sole traders);
and
3.
is subject to United Kingdom taxation.
Any business that benefits from your £200,000 (or £50,000) investment used for the purposes of
claiming points for this application must be this type of business.
Multinational companies that are registered as United Kingdom companies with either a registered
office or head office in the United Kingdom are acceptable.
Registration as self-employed
A22.
A person setting up as self-employed must register as such with HM Revenue & Customs
within six months of starting up. For more information on the legal requirements see the section
Business and Self-employed at
www.gov.uk/browse/business.
Current appointment report from Companies House
A23.
You must obtain the report from Companies House, for a fee, and send it with your
application. This document shows when you became a director of a company. This will be the
same document for a new business as for those becoming directors of an existing business.
For more information on registration with Companies House, please contact Companies House
www.companieshouse.gov.uk/contact/contactUs.shtml
For information on obtaining the current
appointment report please see
http://www.companieshouse.gov.uk/toolsT ... Info.shtml.
Franchises
A24.
Businesses that are set up as franchises can be accepted for the award of points.
You will
either be self-employed or employed, depending on how you decide to structure the franchise
business, and should provide the appropriate evidence

--------------------------


Can you point to the line you are referring to ? Will help us all..

Please read bold highlighted text

Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.

Where does policy guidance say - it only applies to construction not to other types of investment ?

[la]

well because it is under the section:

Property development and property management are excluded from the types of
investment accepted for the award of points Investment in property
development and
management will not be taken into account for the award of points. This is because it is not the
intention of this category to allow you to set up as a landlord and let properties in the United
Kingdom. The intention is to promote United Kingdom competitiveness in business and to focus Tier 1 (Entrepreneur) Policy Guidance version 04/2013 Page 40 of 53
the investment on promoting business beneficial to the United Kingdom economy.
A person involved in property development makes improvements of some kind to immovable
property (real estate), which increases its value. A person involved in property management
is charged with operating immovable property (real estate) for a fee, on behalf of the owner.
The restrictions on investment in property development and property management are intended
to ensure that the Entrepreneur route is used to promote United Kingdom competitiveness in
business.
There is no objection, however, to you investing in companies that are mainly involved in
construction.
Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.


This is answer to the topic in bold above on Page 40 of the guidance.. so i would assume this applied only to property businesses..

Hello La-
Its only applicable if the business is in construction.

it does not apply to business other than that i think ?

Please read bold highlighted text

Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.

Where does policy guidance say - it only applies to construction not to other types of investment ?

Well -I think we can not assume the things - We need confirmation either from UK BA or already applied people who ever got visa by investing the money into business in the form of director loan / share capital and but did not spend from the business.

If you have any proof please share it across so that it would help full to all of us.

[sky_rise]

i think you cracked this case!

Actually may be not- read the last line in the whole paragraph:

However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.

It contradicts or If I can say clarifies our doubt.

It suggests that lets say you have worker who worked from Jan-June (6 months) and left. And then you hire the next worker you worked from Sep-Feb(6 months). Then in the whole period of Jan to Feb(next year) which is a total of (14months) , you can claim only 12. And the 2 month gap in between (July-Aug) will not be counted..

Read that line again :

However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.

[rahulsingh1]

I have said before, that I am also confused about this point, which is why I am discussing in this forum. Just that, that point you have pointed us to, may not be completely accurate, as it is under a property investment sub section.

But we need to have this clarified from UKBA. But they don't reply as you know.

If someone gets concrete reply for this then please share...

[rahulsingh1]

Well I hope I have helped..

i think you cracked this case!

Actually may be not- read the last line in the whole paragraph:

However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.

It contradicts or If I can say clarifies our doubt.

It suggests that lets say you have worker who worked from Jan-June (6 months) and left. And then you hire the next worker you worked from Sep-Feb(6 months). Then in the whole period of Jan to Feb(next year) which is a total of (14months) , you can claim only 12. And the 2 month gap in between (July-Aug) will not be counted..

Read that line again :

However,
if there is a gap between one worker leaving a post and another worker starting
employment, the period when the post is not filled will not be counted. Only periods
during which a worker is employed in a post will be considered.

[softwareluv]

According to guidance, It seems we will have to spend 50k/200k definitely into business activities. So you definitely cant just transfer money and not spend it. you have to spend that money. However my question is, Do I have to transfer all money at once into business or can I transfer money as and when company requires money to spend and make sure I transfer 50k(in my case) within 3 years and spent in business activities.

Also, as company is actively providing services/products, it is also making good money, so how will you show that 50k spent on activities (eg. rent, emp salaries, bills, etc) is from my transferred 50k and not from company's own earned money?

[sky_rise]

Hi, i tihnk it is right that we have to spend the money from business acount on activities.

How to prove that spent is your injection and not re-investing of the profits? I think it is more or less possible to see them in the accounts - as you can see how much profit and injection were made.

According to guidance, It seems we will have to spend 50k/200k definitely into business activities. So you definitely cant just transfer money and not spend it. you have to spend that money. However my question is, Do I have to transfer all money at once into business or can I transfer money as and when company requires money to spend and make sure I transfer 50k(in my case) within 3 years and spent in business activities.

Also, as company is actively providing services/products, it is also making good money, so how will you show that 50k spent on activities (eg. rent, emp salaries, bills, etc) is from my transferred 50k and not from company's own earned money?

[softwareluv]

What if we pay out profit(net profit excluding any previous investments) as dividend and invest same money back in business?

[sky_rise]

What if we pay out profit(net profit excluding any previous investments) as dividend and invest same money back in business?

i guess it would be fine as here they can not justify what exactly your source of income is - and before you demonstrated the access to 200/50k. so i guess fine.

[tier1tier1tier1]

Hello All,

From Guide lines, I dont think we have to invest (50k/200k) and create 2 jobs.
We have to earn 75 points and gain these points points by doing one of these. if u manage to create 2 jobs then u will get more than 75 points.
Ref : http://www.ukba.homeoffice.gov.uk/sitec ... dance1.pdf Page 14

Need your help to understand investment rules.

im on psw to ent 50k got last yr.
I have showed 3rd party funding from my family members from back home.

now i have started my export business from uk, to start with i have invested 30k from my 3rd party account into my business.

till today I have managed to make turn over of 700k in my business.
where my over seas buyers is paying me.

Now my question are like :
1) will payment from my over seas buyers will consider as investment?
2) as money from my family members are invested into my business can I offer them interest on investment?

please advice

[onewin]

tier1tier1tier1,

I am also in similar position. Please help me if you find any answer on this.

[Olasunkanmi]

@ tier1tier1tier1,

Now my question are like :
1) will payment from my over seas buyers will consider as investment?

Payment from your overseas buyers is considered as part of business turnover and not even profit until your annual account is done. So the payment from your overseas buyers is not part of your investment funds.

Investment funds is purely funds that you transfer from your own personal account or third party account into your business account and then spent on either business activities and trading activities. Note that you need to show proof of the movement of these funds from your personal account or third party account as proof during extension.

This case is very simple, you told Home Office initially that you had either 50k or 200k to invest in business and not to keep in your business account, so you need to show the money as been spent by your business as either for business activities, trading expenses, salary to staffs, rent payments e.t.c.

Don't forget that most businesses might not need to spend 50k or 200k in their first 3yrs, but for the purpose of this visa, you got to spend it or else you wont qualify for extension.

2) as money from my family members are invested into my business can I offer them interest on investment?

You cannot offer your family member interest on money they borrow you from your business account as that is not proper. What you can do is to pay them interest from whatever dividend you get from your business and this must be from your own personal account and not from the business account.

The only exception is if your third party family member lend the money to your business directly and you have all the signed agreement for the payment and the rate of interest payment. In this case you can pay the money with interest to your family member from the business account with proper documentation as the tax man will scrutinize it later. Note also that in this circumstances you still need to show that the 50k or 200k is also invested in the business and the loan/loan interest payment is not part of the investment.

[RizKCB]

Hello All,

From Guide lines, I dont think we have to invest (50k/200k) and create 2 jobs.
We have to earn 75 points and gain these points points by doing one of these. if u manage to create 2 jobs then u will get more than 75 points.
Ref : http://www.ukba.homeoffice.gov.uk/sitec ... dance1.pdf Page 14

Attributes - 20+20+15+20 = 75
English Language - 10 points
Maintenance Funds - 10 points

If you count total, 75 + 10 + 10 comes to 95. You must have to get 75 + 10 + 10. Otherwise you will be in trouble.

[tier1tier1tier1]

Many thanks RizKCB and Olasunkanmi.

im bringing so much money into this country, and with help of professional services like Accountants and others I dont think i need any employee. but now due to such strange policy i don't understand how I can go forward.

[onewin]

I have invested 20k into my business for last 6months.
on that I have managed to make profit of 8k.
but i havent take out my profit from my company account.

Now my question is will my total investment will count as 20k+8k =28k?
or do I have to take out my profit from company bank account and reinvest into my company account.

[RizKCB]

You can join your profit and investment in single account.

Reading policy guidance carefully; It advises to make "FRESH" investments of 50000 or 200000 in the business at various places. I think FRESH means that you CANNOT include money as an investment from your profits. It means that you can keep profit in business account with other (Invested) money BUT your first 50000 OR 200000 must be FRESH money and NOT EARNED FROM PROFITS. After fresh investment is exhausted; criteria is fulfilled. After that whatever you invest; you may do it from your profits.

50000 or 200000 solely available through out your visa status in first 3 years means the same (I guess).

Only an authorized accountant could do that at the end of 3 years.

[onewin]

many thanks RizKCB.

Its more clear to me now.

My business demands more investment, more than 50k so for extension im sure i will fulfill that. but not sure about 2 jobs creation.

[shanybaba1974]

Att: La

Pl read point no.107 of latest policy guidance

107. If some of the money has been invested into a business in the UK, the balance of funds must be held in a regulated financial institution and disposable in the UK. In this case you should use the evidence required for the previous investment of money together with the evidence required for your access to the balance of sufficient funds to meet the requirement

http://www.ukba.homeoffice.gov.uk/sitec ... dance1.pdf

What do u say? pl guide

Also pl give me link of yr below evidence page 40

Hello La-
Its only applicable if the business is in construction.

it does not apply to business other than that i think ?

Hi La- Following is the full text from page 40 of the guidance.
I dont see where it says that money from business acount has to be spent. ?

--------------------------

A person involved in
property development
makes improvements of some kind to immovable
property (real estate), which increases its value. A person involved in
property management
is charged with operating immovable property (real estate) for a fee, on behalf of the owner
.
The restrictions on investment in property development and property management are intended
to ensure that the Entrepreneur route is used to promote United Kingdom competitiveness in
business.
There is no objection, however, to you investing in companies that are mainly involved in
construction.
Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.
W
hat is a business in the United Kingdom?
A21.
For the purposes of this application, you must have made a capital investment in a business
operating within the United Kingdom economy and subject to United Kingdom taxation. We will
consider a United Kingdom business to be one that:
1.
has its business premises (unless you are self-employed and do not have a premises) or its
registered office or, if it has no registered office, its head office (for a Director of a company)
in the United Kingdom;
2.
has a United Kingdom bank account showing transactions for the business that are current
(this may be either a business bank account, or a personal bank account for sole traders);
and
3.
is subject to United Kingdom taxation.
Any business that benefits from your £200,000 (or £50,000) investment used for the purposes of
claiming points for this application must be this type of business.
Multinational companies that are registered as United Kingdom companies with either a registered
office or head office in the United Kingdom are acceptable.
Registration as self-employed
A22.
A person setting up as self-employed must register as such with HM Revenue & Customs
within six months of starting up. For more information on the legal requirements see the section
Business and Self-employed at
www.gov.uk/browse/business.
Current appointment report from Companies House
A23.
You must obtain the report from Companies House, for a fee, and send it with your
application. This document shows when you became a director of a company. This will be the
same document for a new business as for those becoming directors of an existing business.
For more information on registration with Companies House, please contact Companies House
www.companieshouse.gov.uk/contact/contactUs.shtml
For information on obtaining the current
appointment report please see
http://www.companieshouse.gov.uk/toolsT ... Info.shtml.
Franchises
A24.
Businesses that are set up as franchises can be accepted for the award of points.
You will
either be self-employed or employed, depending on how you decide to structure the franchise
business, and should provide the appropriate evidence

--------------------------


Can you point to the line you are referring to ? Will help us all..

Please read bold highlighted text

Money should be fully used in the business and not held in the business bank account in order to
qualify for the award of points
Money deposited in a bank account, even if it is in a United Kingdom business bank account, is
not counted as investment in business. The money should be used in the business to encourage
growth or expansion, to improve services or products and to ensure the business is profitable.

Where does policy guidance say - it only applies to construction not to other types of investment ?

[/u]

[confused90]

Any updates about the investment guys? Did anyone apply for extension yet?

[cappachino]

Dear Enrepreneurs!

I would appreciate any advice related to my situation.

I am also an extension applicant and received a 200k Tier 1E visa in dec 2011. Since then the funds are still on my business account and haven't been invested into the business (or when you transfer money to a LTD business account it's automatically means that you have invested into the business??)

What is a probability to get an extension if your business is not profitable and operates at a loss? However all other requirements such as 2 full-time workers are employed and money is invested.

All advice is welcomed.
Much appreciated,
IRO

As far as i am aware, you need to satisfy the two conditions:

1.You have invested 200k in businesses. The money should have been already spent for business purposes. It should not be held in the business account anymore. In other words, what they mean is all the 200k you had is now no more and spent for business purposes.

2.You should have created 2 new jobs since you established the company.

It doesn't matter if the business is in profit or loss. Also it is not even necessary that all the 200k should be invested in the initial business you showed during application. It could be split across many of your other businesses.

Yes I agree the business can be making a loss
You still meet the criteria

[cappachino]

"funds are still on my business account and haven't been invested into the business (or when you transfer money to a LTD business account it's automatically means that you have invested into the business??) "

- This is a question even I have and many other people. But no one seems to know the answer to it.

I am still waiting for someone to answer this.

Dear Enrepreneurs!

I would appreciate any advice related to my situation.

I am also an extension applicant and received a 200k Tier 1E visa in dec 2011. Since then the funds are still on my business account and haven't been invested into the business (or when you transfer money to a LTD business account it's automatically means that you have invested into the business??)

What is a probability to get an extension if your business is not profitable and operates at a loss? However all other requirements such as 2 full-time workers are employed and money is invested.

All advice is welcomed.
Much appreciated,
IRO

My situation is I did invest the money into a business (restaurant) which i sold and the money received is in the bank account of the company.
Do I need to reinvest this money ? to qualify for the points ?