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200K -3rd party or applicants account?

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

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Tier2wurker
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Posts: 10
Joined: Sat Dec 21, 2013 12:06 pm

200K -3rd party or applicants account?

Post by Tier2wurker » Mon Nov 02, 2015 6:10 am

Hello everyone,

I will be applying from India as a Tier 1 entrepreneur and an investor (3rd party) is backing the venture. Would like to know if the funds (200K) can stay in the investors account with adequate supporting information declaring the fund availability for my venture OR do the funds have to stay in my account?

Will appreciate your response. I currently am on vacation in India and already have a Tier2 visa.

Kind Regards,
Tier2wurker.
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JuliaTE1
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Joined: Thu Oct 29, 2015 5:50 pm

Re: 200K -3rd party or applicants account?

Post by JuliaTE1 » Tue Nov 03, 2015 11:10 am

The funds can stay in the 3rd party account.

Best of luck,
Julia
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Tier2wurker
Newly Registered
Posts: 10
Joined: Sat Dec 21, 2013 12:06 pm

Re: 200K -3rd party or applicants account?

Post by Tier2wurker » Tue Nov 03, 2015 11:28 am

Many thanks Julia. Its on to the next step now for me.
Need to get the business plan sorted and the right paperwork now!

Cheers,
Tier2Wurker
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