bank letter and supplier contract

[cathy05]

hi Guys,

can someone answer me i am applying for this visa switching from PSW and as per requirment bank must mention on bank letter that they are regulated by authority while my bank in back home Pakistan they said we can not write on the letter. although bank is regulated by State Bnak of Pakistan. what should I do in this case?

Also i have given business plan for womens clothing retail store. on application it is written that you must submit either supplier contracts or uk business bank account. i can not open business account at this time but even i do ot have any supplier contracts. i do not know how to justify this becuase my nature of business allows me to buy clothes from wholeseller in the market. what should i do?

[Princess of Ammi]

the Bank with which your account is should not hesitate to write just a line in the bottom that this bank is regulated by state bank of Pakistan as it does not harm anyone on earth, you have to be persistent for your this demand as that is the only line if written let you easily score all 75 points if they do not listen to you you might choose to open up a new account with any other bank which is happy to accommodate your needs.

secondly, term used contract as one of those requirements that you need to meet is relevant to selling a product not buying, that would mean you need to have a(least) client you provide services to and considering the profession you are into it should not be difficult for you to arrange one over night. if you are on PSW switching into Entrepreneur visa I assume you call yourself a designer to be reconsigned at level 4 or above in this case you tend to sell the products you design by yourself. I do not see anything problematic staying as an obstacle in your way

to open up a business bank account you do not even need to go to bank most of people including me had theirs opened on the phone another couple of days and you receive everything that you need, I am sorry I have been unable to understand why you can not do it. if timed out you should have released when it was ticking down

[Goblin]

hi Guys,

can someone answer me i am applying for this visa switching from PSW and as per requirment bank must mention on bank letter that they are regulated by authority while my bank in back home Pakistan they said we can not write on the letter. although bank is regulated by State Bnak of Pakistan. what should I do in this case?

Also i have given business plan for womens clothing retail store. on application it is written that you must submit either supplier contracts or uk business bank account. i can not open business account at this time but even i do ot have any supplier contracts. i do not know how to justify this because my nature of business allows me to buy clothes from whole seller in the market. what should i do?

Hi Cathy,

As per the guidance it says bank letter should mention that they are authorised by FSA or equivalent. So check online if state bank of Pakistan is equivalent to FSA then that should be fine. But do get that mentioned in your bank letter to avoid any delays or refusal.

In Regards, to your second query I am a bit confused. This retailer business is it already a flourished business (are you running a co. and you the director of your co) or you are working as self employed.
I am sure someone else on this forum with better understanding can guide you better in regards to your this question.

Good Luck

[cpmlkhan]

Hello mate,

You are really in a situation now. When you say your bank is not giving you the right later etc. Have you got the right format with you of bank letter?
2nd you have to submit one of then business plan or business account, BUT your sponsor is 3rd party then definitely its positive if you provide both with your application.
You know what people avoid to pay some to consultants and in the end find them in the deep ........
cpmlkhan@hotmail.co.uk , get in touch if you need help.

[cathy05]

thanks everyone,
I am in a very awkward situation I have already applied with passport, BRP, Degree but without my all supporting documents on last day of my visa 1st feb. I am still completing my docs. Therefore without ID UK business account cannot be opened
Yes bank is saying we cannot write it on the letter. It is regulated by state bank of pak which can be checked through website of SBP. It is third party account and at this stage new account is not possible.
I have not started my trading at all. All I want to know what should I do for supplier contracts?? I m showing a retail shop n not shown myself designer.
Also for marketing material it is ok to show leaflet and website (showing that it is under construction)

[Momi]

I do apologize but if you are switching from PSW then home office will not accept your business. Your business must be level 4 to 6 and not below that and selling cloths is I think level 2.
You could easily open your bank account if you have started working on your visa last month.
Thanks

[cathy05]

Hello mate,

You are really in a situation now. When you say your bank is not giving you the right later etc. Have you got the right format with you of bank letter?
2nd you have to submit one of then business plan or business account, BUT your sponsor is 3rd party then definitely its positive if you provide both with your application.
You know what people avoid to pay some to consultants and in the end find them in the deep ........
cpmlkhan@hotmail.co.uk , get in touch if you need help.

yes i am submiting biz plan. rest of letter format is fine stating 'transferable in uk' only they are not writing that it is regulated by SBP. should i attached weblink of SBP where bnak name is on the list.

also i m showing retail shop of clothing and given code 1133 (Purchasing managers and directors) is this ok?

[cathy05]

I do apologize but if you are switching from PSW then home office will not accept your business. Your business must be level 4 to 6 and not below that and selling cloths is I think level 2.
You could easily open your bank account if you have started working on your visa last month.
Thanks

i m showing retail shop of clothing and given code 1133 (Purchasing managers and directors) is this ok?

[Olasunkanmi]

@ cathy05,
"Also i have given business plan for womens clothing retail store"

The above stated business is not at NQF level 4 and I doubt if HO will consider it.

[HNJ]

I want to open business account but my bank asking for passport and visa while my case is under process how to open bank account

[Olasunkanmi]

""code 1133 (Purchasing managers and directors)""

@ cathy05, it is not only your job title that home office want to be at NQF level 4 but also the service that your business render to its client.

In your case "women clothing retail store" is your main service and its not at NQF level 4.
If you have choosen your business service as maybe designing of women clothing, you could have been closer to HO requirement.

[Olasunkanmi]

@ HNJ, why dont you create a different topic for your question rather than cramming it into a completely different topic being discussed here.

[Momi]

I do apologize but if you are switching from PSW then home office will not accept your business. Your business must be level 4 to 6 and not below that and selling cloths is I think level 2.
You could easily open your bank account if you have started working on your visa last month.
Thanks

i m showing retail shop of clothing and given code 1133 (Purchasing managers and directors) is this ok?

I have just one answer for that and it's NO. Your business must providing some services not selling products. Start working on it before it's too late.

[cathy05]

I do apologize but if you are switching from PSW then home office will not accept your business. Your business must be level 4 to 6 and not below that and selling cloths is I think level 2.
You could easily open your bank account if you have started working on your visa last month.
Thanks

i m showing retail shop of clothing and given code 1133 (Purchasing managers and directors) is this ok?

I have just one answer for that and it's NO. Your business must providing some services not selling products. Start working on it before it's too late.

can u let me know which code n level does this biz excatly cover?

[Momi]

No code for this type of business.