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Tier 1 (Entrepreneur) Team Application Joint Funds

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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saffi09
Newly Registered
Posts: 8
Joined: Tue Jun 17, 2014 9:51 am

Tier 1 (Entrepreneur) Team Application Joint Funds

Post by saffi09 » Thu Apr 23, 2015 10:37 pm

Hi all

I got some questions and I would really appreciate if someone can clarify me.
1. My brother and his friend is applying for Tier 1 (Entrepreneur) Team application. My brother is based in Pakistan and his friend is based in UAE.
They have following options to show Investment funds:
a. My brother arrange 100K in Pakistani bank account and his friend arrange 100K in his UAE bank? Or
b. They both open a new joint account and arrange 200K in joint account?

Q1: Which of above option is preferable?
Q2: How much they have to show in joint account £200K or £400K because I heard somewhere that in joint account value becomes half?

Please excuse me if I am asking repeating questions. Your reply will be appreciated.

Thank you in advace,

bizz123
Member
Posts: 239
Joined: Thu Jan 23, 2014 9:56 pm

Re: Tier 1 (Entrepreneur) Team Application Joint Funds

Post by bizz123 » Fri Apr 24, 2015 2:26 pm

Hi
200 K in joint accounts not 400 K
Regards

saffi09
Newly Registered
Posts: 8
Joined: Tue Jun 17, 2014 9:51 am

Re: Tier 1 (Entrepreneur) Team Application Joint Funds

Post by saffi09 » Sat Apr 25, 2015 12:35 pm

Thanks bizz123

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