Tier 1 entrepreneurial team visa

[thebestone]

I am planning to swtich to tier1 entrepreneur and want to form an entrepreneurial team with my friend who also completed his masters degree with me. As we both are on tier1 psw and we need £50k to qualify to apply for a tier1 entrepreneur visa.

Can we apply with the following situation

£25k in my friends personal account in uk
£15k in my personal account in uk
£10k in my personal account outside uk
plus declarations from both of us with legal advisor for giving access each other to use the funds

Can anyone provide us help, its urgent???

[nickb]

I am planning to swtich to tier1 entrepreneur and want to form an entrepreneurial team with my friend who also completed his masters degree with me. As we both are on tier1 psw and we need £50k to qualify to apply for a tier1 entrepreneur visa.

Can we apply with the following situation

£25k in my friends personal account in uk
£15k in my personal account in uk
£10k in my personal account outside uk
plus declarations from both of us with legal advisor for giving access each other to use the funds

Can anyone provide us help, its urgent???

Yes you can as long as you get the necessary documents for the money held outside UK. It will then be considered as a standard entrepreneurial team.