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UKVisas
UKVisas,
Category: Tax
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Entrepreneur Visa Director Loan Sample

Customer Question

Entrepreneur Visa Director Loan Sample  agreement needed

Submitted: 3 years ago.
Category: Tax
Expert:  UKVisas replied 3 years ago.
Could you clarify further exactly what you are looking for?
Customer: replied 3 years ago.

Hi UKVisas


 


I need a sample agreement of Director Loan according to the UKBA requirements for T1 Entrepreneur Visa.


 


Thanks


 


 

Expert:  UKVisas replied 3 years ago.
Templates are not something that I would supply and any decent accountant should have their own format. I can confirm the points that the letter should cover if that is required.
Customer: replied 3 years ago.

Please ask the moderators to change the category of this question to Accountant's category.

Expert:  UKVisas replied 3 years ago.
I'll move it across but I would have thought you should simply refer to your accountant IF you know the exact points that the letter should include.
Customer: replied 3 years ago.

I know the exact points but they need to be drafted on a letter which i would like a qualified accountant or a lawyer to do. I beleive someone from the accounting category should be able to do this for me.

Expert:  UKVisas replied 3 years ago.
Understood. I still think that this is something that an accountant with access to your accounts would be far better placed to produce rather than someone on a website. Most accountants would be relatively unlikely to simply put your template letter onto their letterhead and sign it.
Customer: replied 3 years ago.

It's going to be on my letter head, all i need are the points drafted on a template. Can you get this question refunded, i will ask it in the right category. Apologies.

Expert:  UKVisas replied 3 years ago.
Are you the entrepreneur?
Customer: replied 3 years ago.

Yes

Expert:  UKVisas replied 3 years ago.
I now see what you are looking for. I had thought you needed something more but understand now that you are looking for wording relating the loan being unsecured and to creditors having rights ahead of you. An unsecured director's loan agreement with your subordinated in favour of third-party creditors.

It should be something that is very straightforward to write but it is not a matter of immigration law. I will move this now.
Customer: replied 3 years ago.

Please do. Regards

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