Post
by salars » Thu Feb 24, 2011 4:18 pm
Hi
Page 15 & 16 of the doucment show details of 3rd party funding
Additional evidence for third-party funding
66. Third parties (other contributors of money) may include family members, as well as other
investors or corporate body.
If the applicant is relying on third-party funding, he/she must also supply each of the following
documents:
ii) A declaration from every third party that they have made the money available for the Tier 1 (Entrepreneur) Policy Guidance page 16 of 51 Tier 1 (Entrepreneur) Policy Guidance page 17 of 51
applicant to invest in a business in the United Kingdom
The suggested format for the declaration is:
• a letter showing the names of the third party and the applicant;
• the date of the letter;
• the signatures of the third party and applicant;
• the amount of money available to the applicant from that third party in pounds sterling; and
• their relationship to applicant.
This declaration must be an original document and not a copy. The applicant must be able to
have access to and dispose of the money freely in the United Kingdom.
A template is included at the end of this guidance for the convenience of applicants who wish to
use it (document 2).
And
iii) A letter from a legal representative confirming the validity of signatures on each third-party
declaration provided.
This must confirm that the letter or letters of permission from the third party or parties contain
the signatures of the people stated.
This can be a single letter covering all third-party permissions, or several letters from several
legal representatives.
This confirmation letter must be an original document and not a copy.
The confirmation must come from a legal representative capable of providing the information.
This means it must be from a legal representative permitted to practise in the country where the
third parties or money is.
The letter must clearly show the following:
• the name of the legal representative confirming the details;
• the registration or authority of the legal representative to practise legally in the country in
which the permission or permissions was/were given;
• the date of the confirmation letter;
• the names of the applicant and third party;
• that the letter from the third party is signed and valid;
• the number of the third party’s identity document (for example a passport or national identity
card), the place of issue and dates of issue and expiry
Hope this helps.
