Successful entrepreneur extension applications based on multiple business interests, whose direction was forced to change by the pandemic

The Challenges Faced

Client A and their entrepreneurial team member, Dr B, relocated to the UK under the Tier 1 Entrepreneur route in July 2019, starting a retail desserts business. Covid lockdowns forced a pivot to a clothing business in 2021. The extension applications required evidencing investments through share capital for the clothing business and directors’ loans for the desserts business, involving numerous bank transactions. Cross-business and personal loans complicated the investment requirements. Job creation relied on part-time, short-term hires, needing careful review of HMRC real-time information (RTI) data. The genuine entrepreneur test was critical due to pandemic-related challenges in their hospitality business.

How Latitude Law Helped

Latitude Law’s expertise in the Tier 1 Entrepreneur route ensured robust extension applications. We meticulously traced bank transactions and incorporated cross-business and personal loans to meet investment rules. Detailed HMRC RTI data analysis verified job creation. Our submissions addressed the genuine entrepreneur test, highlighting the clients’ adaptability during the pandemic.

The Outcome

Both entrepreneurial team members’ and their families’ extension applications were approved by the Home Office without further enquiry, an uncommon success.