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Using funds for business before visa approved

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

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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crazy_ram
Member
Posts: 130
Joined: Mon Jul 16, 2012 11:52 am
United Kingdom

Using funds for business before visa approved

Post by crazy_ram » Sat Aug 18, 2012 3:00 pm

Hi all,
I have applied for Tier 1 (Entrepreneur) visa in June. I have shown all my funds with in the UK. Currently my business is active and it needs working capital.
My query is that whether I can use the funds for my business from 50k I have shown for visa application requirement?
Im in fear to touch that funds because it may be problem If UKBA enquire with my bank after I have transferred some of those funds to my business account.
Can u all please give your idea.
Thanks...

smehmood
BANNED
Posts: 318
Joined: Wed Aug 01, 2012 11:30 pm
Location: Uk
Contact:

Re: Using funds for business before visa approved

Post by smehmood » Sat Aug 18, 2012 5:05 pm

crazy_ram wrote:Hi all,
I have applied for Tier 1 (Entrepreneur) visa in June. I have shown all my funds with in the UK. Currently my business is active and it needs working capital.
My query is that whether I can use the funds for my business from 50k I have shown for visa application requirement?
Im in fear to touch that funds because it may be problem If UKBA enquire with my bank after I have transferred some of those funds to my business account.
Can u all please give your idea.
Thanks...
JUST GET AN UP TO DATE STATEMENT AND USE UR MONEY. UKBA CAN NOT ACCESS YOUR CURRENT BALANCE ANYWAY.
Shaukat

bangla
Newly Registered
Posts: 15
Joined: Mon Jul 23, 2012 6:26 pm

Re: Using funds for business before visa approved

Post by bangla » Wed Aug 22, 2012 5:59 pm

HI
HOW YOU SO SURE THAT UKBA CANNOT CHECK THE CURRENT BALANCE, IN SECTION 5 APPLICANT NEDDS TO GICE CONSENT TO HOMEOFFICE TO VERIFY ANY SUPPORTING DOCUMENT.

sameer2012
Member
Posts: 129
Joined: Sun May 01, 2011 1:49 am

Re: Using funds for business before visa approved

Post by sameer2012 » Fri Aug 24, 2012 3:15 am

bangla wrote:HI
HOW YOU SO SURE THAT UKBA CANNOT CHECK THE CURRENT BALANCE, IN SECTION 5 APPLICANT NEDDS TO GICE CONSENT TO HOMEOFFICE TO VERIFY ANY SUPPORTING DOCUMENT.
I agree with you bangla. they could access/check any information they like/want.
we should give a good advice to others.we should ask from seniors.
best of luck everyone
SAMEER

smehmood
BANNED
Posts: 318
Joined: Wed Aug 01, 2012 11:30 pm
Location: Uk
Contact:

Re: Using funds for business before visa approved

Post by smehmood » Fri Aug 24, 2012 6:29 pm

sameer2012 wrote:
bangla wrote:HI
HOW YOU SO SURE THAT UKBA CANNOT CHECK THE CURRENT BALANCE, IN SECTION 5 APPLICANT NEDDS TO GICE CONSENT TO HOMEOFFICE TO VERIFY ANY SUPPORTING DOCUMENT.
I agree with you bangla. they could access/check any information they like/want.
we should give a good advice to others.we should ask from seniors.
best of luck everyone
Hi

If you Read the Page where you sign you will come to know what i am talking about. and Mr sameer for your kind information what i said is true. UKBA can check your personal data ie, name date of birth , account opening date. but not current balance because when you sign this document you give permission to verify the piece of evidence you have provided is genuine and thats it.

Mr Sameer Senior Please behave now. thanks
Shaukat

sameer2012
Member
Posts: 129
Joined: Sun May 01, 2011 1:49 am

Re: Using funds for business before visa approved

Post by sameer2012 » Fri Aug 24, 2012 9:04 pm

smehmood wrote:
sameer2012 wrote:
bangla wrote:HI
HOW YOU SO SURE THAT UKBA CANNOT CHECK THE CURRENT BALANCE, IN SECTION 5 APPLICANT NEDDS TO GICE CONSENT TO HOMEOFFICE TO VERIFY ANY SUPPORTING DOCUMENT.
I agree with you bangla. they could access/check any information they like/want.
we should give a good advice to others.we should ask from seniors.
best of luck everyone
Hi

If you Read the Page where you sign you will come to know what i am talking about. and Mr sameer for your kind information what i said is true. UKBA can check your personal data ie, name date of birth , account opening date. but not current balance because when you sign this document you give permission to verify the piece of evidence you have provided is genuine and thats it.

Mr Sameer Senior Please behave now. thanks
Mr you shouldn't take this personal. we are seeking advice from seniors/moderators.If you don't like any comments then its your choice.This forum is to help others in fact you start taking help for your application from this forum. If you have some documented evidence then first show and then talk other wise stay keep quiet .
everyone here is in a learning process.By the way you mentioned you as a consultant are you a lawyer/oisc immigration advisor.
we are help to help others. Moderartors please check this post If I am wrong.
Thanks
SAMEER

bluebird2011
Junior Member
Posts: 76
Joined: Fri Aug 12, 2011 1:49 pm

Post by bluebird2011 » Tue Aug 28, 2012 11:32 am

Smehmood

I agree with you. UKBA can only verify the document submitted to them. They can't have any ongoing checks on your account.

Crazy_ram

You can use your funds for the business. But there is a certain way of doing this. You should invest funds in your business in the form of share capital. Then you can use these funds for business purposes. UKBA can not have any objection if you use funds this way.

I hope it explains the suituation.

Regards

smehmood
BANNED
Posts: 318
Joined: Wed Aug 01, 2012 11:30 pm
Location: Uk
Contact:

Re: Using funds for business before visa approved

Post by smehmood » Tue Aug 28, 2012 6:15 pm

sameer2012 wrote:
smehmood wrote:
sameer2012 wrote:
bangla wrote:HI
HOW YOU SO SURE THAT UKBA CANNOT CHECK THE CURRENT BALANCE, IN SECTION 5 APPLICANT NEDDS TO GICE CONSENT TO HOMEOFFICE TO VERIFY ANY SUPPORTING DOCUMENT.
I agree with you bangla. they could access/check any information they like/want.
we should give a good advice to others.we should ask from seniors.
best of luck everyone
Hi

If you Read the Page where you sign you will come to know what i am talking about. and Mr sameer for your kind information what i said is true. UKBA can check your personal data ie, name date of birth , account opening date. but not current balance because when you sign this document you give permission to verify the piece of evidence you have provided is genuine and thats it.

Mr Sameer Senior Please behave now. thanks
Mr you shouldn't take this personal. we are seeking advice from seniors/moderators.If you don't like any comments then its your choice.This forum is to help others in fact you start taking help for your application from this forum. If you have some documented evidence then first show and then talk other wise stay keep quiet .
everyone here is in a learning process.By the way you mentioned you as a consultant are you a lawyer/oisc immigration advisor.
we are help to help others. Moderartors please check this post If I am wrong.
Thanks

Mr. I will give u the same advise. in your 1st post you had indirectly challenge my reply. if you did,nt like or some how was,nt agree then you should have expressed your own view and thats it.

As you said , i am seeking help from this forum , for your kind information it was my very close friend who was just wondering and bi confuse so he put up the question.

If you notice i only reply few posts coz i do,nt get much time but i have time i give advise to others now if someone is disagree thats his own choice.

You said if i have any document as proof. my dear i do,nt need provide any proof as i am not bound however i have provided the ref. which you can find easily.

I would appreciate if you do,nt take it personal pls. I am sorry if any of my comments have hurt you but that was not my intention.
Shaukat

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