Investment funds requirements

[gtmad]

Hi

Just need some clarification the guidance is contradictory

38.You must have £200,000 of your own money available to make a fresh investment into
business in the United Kingdom. You should supply documentary evidence of the money in
your own name as specified in the ‘Documents we require’ section below

Then it says in the next paragraph

39.You can include money made available by other people (known as ‘a third party or parties’) but
you must also provide a declaration that the money is available to you or the business that you
are running, from each contributor of funds, together with confirmation that the declarations are
valid. If you are relying on money held by your husband, wife or partner, they will be regarded
as a third party.

What i need to understand and have clarified is in para 38 its clear 200k has to be in your own name,

But then para 39 says that it is acceptable to have a third party funding available from another source as long as they sign to say yes its yours and you can use this in the UK If this is the case you would need to show that the funds that are promised are available in the third parties bank account and not yours.

Can anyone clarify this for me would be much appreciated.

[Lucapooka]

Yes, third party funding (that is not held personally by the applicant in his name) is acceptable, but they have to a little more than say it's available to you. Read the part of the guidance that refers to the treatment of evidence of funds from third parties. Para 102 et al

[gtmad]

Thanks that is a lot clearer, pretty straight forward, i presume a public notary office would be same as lawyer in these circumstances.

[Lucapooka]

Yes, keep reading!

Legal representative
A37. This is a person who oversees the legal affairs of someone else. Examples include the executor or administrator of an estate and a court-appointed guardian of a child or incompetent person. We will accept a lawyer or a notary public as a legal representative.

[gtmad]

Sorry this has raised some other questions

1) we are staring a new company in UK in partnership with a Uk citizen we have decided to set the company up before we apply for visa and invest funds.

The guidance says in Sect a para 40 that you can do this

But then latter in 59 it says you can use funds already invested in uk whilst you were under another visa

Can anyone confirm is it one or the other or they can both apply

Also third party funding our business partner in uk will be doing 50 percent of the funding, we understand all the document requirements except one which isn't clear.

Our funds we need to show as cash in our bank account with all the documents require no problem understand all that

But third party funds we understand all the requirements except one because I can't find it unless someone can show me

I can't see any requirement that the third party has to show bank statements or funds available

To clarify we are applying from overseas so it's a first time visa for uk I want it to be right in regards to paperwork.