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AFAIK it doesn't matter, so long as when you apply to extend the amount required has been invested (i.e. SPENT). You could even spend it on the business from your joint account, so long as you hire an accountant to show how this money has been spent by the business.tejashtiger wrote:We are on entrepreneur visa. when we applied visa, our funds are in our Joint account but now we opened our business account. so shall we need to transfer that money to our Business account or not. or we can keep that Money in our joint Account.
Tejas, I would advise you to transfer money to you business account as and when required as a Director's loan and spend it from there for your business instead of spending it directly from your joint account. You better keep the balance sheet simple.tejashtiger wrote:We are on entrepreneur visa. when we applied visa, our funds are in our Joint account but now we opened our business account. so shall we need to transfer that money to our Business account or not. or we can keep that Money in our joint Account.