Funds withdrawal

Saurabh79 · Post by **Saurabh79** » Tue May 01, 2018 12:28 pm

Hello friends

I need Ur suggestions urgently actually I am going to applying Tier 1 visa next month,my uncle gave me 200k and I put it in my account as Fixed deposit.now my uncle saying that as soon as it complete 90 days please return my money with in two days.i discussed bank manager he said he would give Fixed deposit receipt and letter stated that money was there for 90 days.my question is if I apply visa after 90 days n submit both bank documents such as Fixed deposit receipt and bank manager letter n also withdraw the money at same time after applying visa.will it affect my application.

Will home office double check with bank whether money is still held by applicant or not
Please advise

Thanks

Saurabh

Saurabh79 · Post by **Saurabh79** » Tue May 01, 2018 12:36 pm

Is it safe withdrawing money bofore getting visa

marcnath · Post by **marcnath** » Tue May 01, 2018 1:46 pm

You should read the guidance carefully.

Pg 9 of the guidance says

Money used in your application must remain available to you or your business until it is spent for the purposes of your business or businesses. The Secretary of State has the right to request further evidence to verify that the money will remain available. You should be aware that your application may be refused if this evidence is not provided or cannot be satisfactorily verified.

I am sure that answers your question.

Saurabh79 · Post by **Saurabh79** » Tue May 01, 2018 5:27 pm

Thanks Marc,

I am trying to convince my uncle. If he is not ready then no other option left fr me.i will submit bank statement and bank manager letter with my application. any idea, do home office regularly cross check by making call to banks.

mohsensari · Post by **mohsensari** » Tue May 01, 2018 6:18 pm

The money need to be your money or gifted . No one can lend you money and then withdraw it.
Even you get the visa HO has right request you to show money always available to you or invested to your business in uk. If no money available then your visa could be curtailed.

marcnath · Post by **marcnath** » Tue May 01, 2018 8:55 pm

Saurabh79 wrote: ↑
Tue May 01, 2018 5:27 pm
Thanks Marc,

I am trying to convince my uncle. If he is not ready then no other option left fr me.i will submit bank statement and bank manager letter with my application. any idea, do home office regularly cross check by making call to banks.

You can be almost 100% sure that HO will seek confirmation from the bank of the documents you submit, especially as it as overseas bank.

It is then quite likely they will ask if the money is still there.

But even if they don't, how do you plan to make the investment eventually ?

Saurabh79 · Post by **Saurabh79** » Wed May 02, 2018 7:39 am

can I come on sole representative visa to UK.

Can I do contractual job on sole representative visa. Its my brother company and turnover is near about 1 crore.he is ready to provide me necessary documents. is it possible I can do contractual job in UK.

Please help me

marcnath wrote: ↑
Tue May 01, 2018 8:55 pm

Saurabh79 wrote: ↑
Tue May 01, 2018 5:27 pm
Thanks Marc,

I am trying to convince my uncle. If he is not ready then no other option left fr me.i will submit bank statement and bank manager letter with my application. any idea, do home office regularly cross check by making call to banks.
You can be almost 100% sure that HO will seek confirmation from the bank of the documents you submit, especially as it as overseas bank.

It is then quite likely they will ask if the money is still there.

But even if they don't, how do you plan to make the investment eventually ?

CR001 · Post by **CR001** » Wed May 02, 2018 8:17 am

No, you cannot do 'contractual jobs/employment' on a business representative visa.

https://www.gov.uk/representative-overseas-business

Saurabh79 · Post by **Saurabh79** » Wed May 02, 2018 8:20 am

Thanks for ur reply

we can make a contract between my company and hiring company .same way people are working on tier 2 and tie 1 visa

CR001 wrote: ↑
Wed May 02, 2018 8:17 am
No, you cannot do 'contractual jobs/employment' on a business representative visa.

https://www.gov.uk/representative-overseas-business

CR001 · Post by **CR001** » Wed May 02, 2018 8:22 am

Saurabh79 wrote: ↑
Wed May 02, 2018 8:20 am
Thanks for ur reply

we can make a contract between my company and hiring company .same way people are working on tier 2 and tie 1 visa

CR001 wrote: ↑
Wed May 02, 2018 8:17 am
No, you cannot do 'contractual jobs/employment' on a business representative visa.

https://www.gov.uk/representative-overseas-business

You are mistaken. This is not possible on a Tier 2 visa.

You cannot be on the payroll of another company.

Saurabh79 · Post by **Saurabh79** » Wed May 02, 2018 8:26 am

its possible,i know many IT people who is doing contractual job..n paying commission evry month to the sponsored company

CR001 wrote: ↑
Wed May 02, 2018 8:22 am

Saurabh79 wrote: ↑
Wed May 02, 2018 8:20 am
Thanks for ur reply

we can make a contract between my company and hiring company .same way people are working on tier 2 and tie 1 visa

CR001 wrote: ↑
Wed May 02, 2018 8:17 am
No, you cannot do 'contractual jobs/employment' on a business representative visa.

https://www.gov.uk/representative-overseas-business

You are mistaken. This is not possible on a Tier 2 visa.

You cannot be on the payroll of another company.

CR001 · Post by **CR001** » Wed May 02, 2018 8:29 am

Saurabh79 wrote: ↑
Wed May 02, 2018 8:26 am
its possible,i know many IT people who is doing contractual job..n paying commission evry month to the sponsored company

They are doing so in breach of their Tier 2 visa conditions as it is illegal to work for an umbrella company or do contracting jobs and they will find out soon enough if they wish to apply for extensions or ILR.

Saurabh79 · Post by **Saurabh79** » Thu May 03, 2018 12:18 pm

Hi

If I go third party funding then what documents required.

Is it mandatory fr third party to put the money into account for 90 days

If third party show money as loan to me .will it work

Thanks

CR001 wrote: ↑
Wed May 02, 2018 8:29 am

Saurabh79 wrote: ↑
Wed May 02, 2018 8:26 am
its possible,i know many IT people who is doing contractual job..n paying commission evry month to the sponsored company
They are doing so in breach of their Tier 2 visa conditions as it is illegal to work for an umbrella company or do contracting jobs and they will find out soon enough if they wish to apply for extensions or ILR.

marcnath · Post by **marcnath** » Thu May 03, 2018 12:43 pm

Saurabh79 wrote: ↑
Thu May 03, 2018 12:18 pm
Hi

If I go third party funding then what documents required.

Is it mandatory fr third party to put the money into account for 90 days

If third party show money as loan to me .will it work

Thanks

Third party does not need to have the funds for 30 days.
The guidance document specifies the requirements and has a couple of templates for the letters needed at the end of the guidance.

Saurabh79 · Post by **Saurabh79** » Thu May 03, 2018 4:58 pm

Thanks marc,

how third party will prove that they are capable of sponsoring me. do they need to submit balance sheet or need to show balance of required fund in account

marcnath wrote: ↑
Thu May 03, 2018 12:43 pm

Saurabh79 wrote: ↑
Thu May 03, 2018 12:18 pm
Hi

If I go third party funding then what documents required.

Is it mandatory fr third party to put the money into account for 90 days

If third party show money as loan to me .will it work

Thanks

Third party does not need to have the funds for 30 days.
The guidance document specifies the requirements and has a couple of templates for the letters needed at the end of the guidance.

marcnath · Post by **marcnath** » Thu May 03, 2018 7:57 pm

Saurabh79 wrote: ↑
Thu May 03, 2018 4:58 pm
Thanks marc,

how third party will prove that they are capable of sponsoring me. do they need to submit balance sheet or need to show balance of required fund in account

Have you read the guidance ? If not, please do so. It clearly sets out the evidence needed in this case under the Title:

Money from third party funds, including Venture Capital funds and money from a third party which has been held by you for less than 90 consecutive days

Saurabh79 · Post by **Saurabh79** » Fri May 04, 2018 8:38 am

Hi Marc

Thanks for your reply.

I have gone through guidance but still no idea how third party will prove that they are capable to sponsor me.how home office will evaluate financial strength of third party such as balance sheet or third party bank statement showing money has been held for 90 days. I belive you got my point.

Thanks

marcnath wrote: ↑
Thu May 03, 2018 7:57 pm

Saurabh79 wrote: ↑
Thu May 03, 2018 4:58 pm
Thanks marc,

how third party will prove that they are capable of sponsoring me. do they need to submit balance sheet or need to show balance of required fund in account

Have you read the guidance ? If not, please do so. It clearly sets out the evidence needed in this case under the Title:

Money from third party funds, including Venture Capital funds and money from a third party which has been held by you for less than 90 consecutive days

marcnath · Post by **marcnath** » Fri May 04, 2018 9:16 am

Saurabh79 wrote: ↑
Fri May 04, 2018 8:38 am
Hi Marc

Thanks for your reply.

I have gone through guidance but still no idea how third party will prove that they are capable to sponsor me.how home office will evaluate financial strength of third party such as balance sheet or third party bank statement showing money has been held for 90 days. I belive you got my point.

Thanks

You are not the CW. It is their problem as to how "home office will evaluate financial strength of third party".

Your responsibility is to prepare, collect and submit the documents that they have requested.

That includes
viii) A letter from each financial institution holding the funds, issued by an authorised official of that institution, confirming in each case the amount of money that the third party intends to make available, and that the institution is not aware of the third party having promised to make that money available to any other person.

Saurabh79 · Post by **Saurabh79** » Sat May 05, 2018 6:43 am

Hi marc,

thanks for your kind help and your really helping me to prepare my file. still I have got few question as follows:

Letter from third party will be on official letter-headed paper of the company or it will be on stamp paper.

do I need to transfer the full money in one transaction to UK or I can transfer to money according to my financial requirement in uk.

Thanks

marcnath wrote: ↑
Fri May 04, 2018 9:16 am

Saurabh79 wrote: ↑
Fri May 04, 2018 8:38 am
Hi Marc

Thanks for your reply.

I have gone through guidance but still no idea how third party will prove that they are capable to sponsor me.how home office will evaluate financial strength of third party such as balance sheet or third party bank statement showing money has been held for 90 days. I belive you got my point.

Thanks

You are not the CW. It is their problem as to how "home office will evaluate financial strength of third party".

Your responsibility is to prepare, collect and submit the documents that they have requested.

That includes
viii) A letter from each financial institution holding the funds, issued by an authorised official of that institution, confirming in each case the amount of money that the third party intends to make available, and that the institution is not aware of the third party having promised to make that money available to any other person.

marcnath · Post by **marcnath** » Sat May 05, 2018 10:10 am

Saurabh79 wrote: ↑
Sat May 05, 2018 6:43 am
Hi marc,

thanks for your kind help and your really helping me to prepare my file. still I have got few question as follows:

Letter from third party will be on official letter-headed paper of the company or it will be on stamp paper. ==> does not matter

do I need to transfer the full money in one transaction to UK or I can transfer to money according to my financial requirement in uk. ==> as and when you need. But you need to maintain access to the funds until it is invested

Thanks

Saurabh79 · Post by **Saurabh79** » Sat May 05, 2018 11:03 am

I really appreciate Ur help.i hav got one more confusion in my mind. If I go third party will it make my chances low to get the approval as compared to self funding.i hav been told by one of my friends.

I have no blood relation with my third party...will it affect my application?do we need blood relation with third party for positive outcome
My third party is our family friend n a successful business man.

Thanks

uote=marcnath post_id=1630934 time=1525515055 user_id=76145]

Saurabh79 wrote: ↑
Sat May 05, 2018 6:43 am
Hi marc,

thanks for your kind help and your really helping me to prepare my file. still I have got few question as follows:

Letter from third party will be on official letter-headed paper of the company or it will be on stamp paper. ==> does not matter

do I need to transfer the full money in one transaction to UK or I can transfer to money according to my financial requirement in uk. ==> as and when you need. But you need to maintain access to the funds until it is invested

Thanks

[/quote]

marcnath · Post by **marcnath** » Sat May 05, 2018 2:59 pm

Saurabh79 wrote: ↑
Sat May 05, 2018 11:03 am
I really appreciate Ur help.i hav got one more confusion in my mind. If I go third party will it make my chances low to get the approval as compared to self funding.i hav been told by one of my friends.

I have no blood relation with my third party...will it affect my application?do we need blood relation with third party for positive outcome
My third party is our family friend n a successful business man.

Thanks

I don’t know your friend but maybe he has some inside information others in this forum are unlikely to have.
I do wish you would read the guidance document- at least I have not seen anything there or in the immigration rules about blood relatives being a requirement

Saurabh79 · Post by **Saurabh79** » Sun May 06, 2018 8:41 am

Thanks marc

I really appreciate your kind help. you really doing a great job here. I will upate you if I face any issue further

Thanks brother

marcnath wrote: ↑
Sat May 05, 2018 2:59 pm

Saurabh79 wrote: ↑
Sat May 05, 2018 11:03 am
I really appreciate Ur help.i hav got one more confusion in my mind. If I go third party will it make my chances low to get the approval as compared to self funding.i hav been told by one of my friends.

I have no blood relation with my third party...will it affect my application?do we need blood relation with third party for positive outcome
My third party is our family friend n a successful business man.

Thanks

I don’t know your friend but maybe he has some inside information others in this forum are unlikely to have.
I do wish you would read the guidance document- at least I have not seen anything there or in the immigration rules about blood relatives being a requirement

Saurabh79 · Post by **Saurabh79** » Sun May 06, 2018 8:50 am

thanks to all fr kind support

Saurabh79 · Post by **Saurabh79** » Sun May 06, 2018 5:25 pm

Hi Marc,

I got lil problem brother, my uncle just called up half an hour ago n said that he is being afraid showing money as third party, as he will come under the radar of Income tax and embassy too. now he himself suggest me that he would make Fixed deposit 200K STERLING POUND (FD) to my brother name and from my brother ,I can do third party and he would sponsor me. is it possible?

if possible do my brother need to maintain the fund fro 90 days or immediately he can do third party .

thanks

marcnath wrote: ↑
Sat May 05, 2018 2:59 pm

Saurabh79 wrote: ↑
Sat May 05, 2018 11:03 am
I really appreciate Ur help.i hav got one more confusion in my mind. If I go third party will it make my chances low to get the approval as compared to self funding.i hav been told by one of my friends.

I have no blood relation with my third party...will it affect my application?do we need blood relation with

third party for positive outcome
My third party is our family friend n a successful business man.

Thanks

I don’t know your friend but maybe he has some inside information others in this forum are unlikely to have.
I do wish you would read the guidance document- at least I have not seen anything there or in the immigration rules about blood relatives being a requirement

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