Entrepreneurs
Invested £200,000 into a United Kingdom business
This page explains what evidence you should provide that you have invested £200,000 into a registered United Kingdom business, if you are applying to extend your permission to stay in the United Kingdom as a Type 1 Entrepreneur under the points-based system.
On this page
Full details of all requirements are in the immigration rules at paragraphs 245H-N of part 6a and Appendix A which you can find on the right of this page. You must read the policy guidance before you apply under this category. You can download the guidance and application form from the Applying section.
You must send as many of the specified documents below as necessary to show the full amount.
Audited accounts
If you are a Director of a registered company that must produce audited accounts, you should send your company's audited accounts. For information on who needs to produce audited accounts please refer to the Companies House website which you can find on the right side of this page.
These accounts should clearly show the name of the accountant and the date. Your accountant must be a member of a recognised supervisory body. In the United Kingdom these are:
- the Institute of Chartered Accountants in England and Wales (ICAEW);
- the Institute of Chartered Accountants in Scotland (ICAS);
- the Institute of Chartered Accountants in Ireland (ICAI);
- the Association of Chartered Certified Accountants (ACCA);
- the Association of Authorised Public Accountants (AAPA).
Unaudited accounts and an accountant's certificate of confirmation
Businesses that do not need to produce audited accounts must send unaudited accounts, sometimes called management accounts, together with a certificate of confirmation from a suitably regulated accountant.
Your accountant must be a member of a recognised United Kingdom supervisory body as listed above, or you will not get points for this document.
Audited accounts, or management accounts accompanied by an accountant's certificate, must show how much you have invested in the business.
Director's loan
If you have made the money in the form of a director's loan, you must provide a legal agreement, between you and the company.
This agreement should show:
- the terms of the loan;
- any interest that is payable;
- the period of the loan; and
- that the loan is unsecured and subordinated in favour of third-party creditors.
If it is not clear from the information provided that the loan is unsecured and unsubordinated in favour of third-party creditors, we will not allow you to score points.