[2024] UKUT 00418 (IAC)

Where the investment relied upon in support of an application for leave to remain as a Tier 1 (Entrepreneur) Migrant is in the form of a directors loan, Paragraph 45 of Appendix A to the Immigration Rules provides:

“45.

The applicant must provide their business accounts and accompanying evidence of their investment, which must meet the following requirements:

…

(d)

if the applicant has made the investment in the form of a director’s loan:

…

(iii)

the applicant must provide a legal agreement, between the applicant (in the name that appears on their application) and the business, showing:

(1)

the terms of the loan,

(2)

any interest that is payable,

(3)

the period of the loan, and

(4)

that the loan is unsecured and subordinated to other creditors’ loans to the business;”