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50K maintanance

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

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Ari Kate
Newly Registered
Posts: 6
Joined: Sat Oct 06, 2012 9:19 pm

50K maintanance

Post by Ari Kate » Thu Oct 11, 2012 1:02 pm

I read a few things on this topic, but cant seem to find what i need ,

1. Say someone will put 50K into the account (not in UK) on 1rst of november,get the letters right away that day, all signed and everything, and I then apply for entrepreneur visa on 1rst of december, is that ok?
whats the time limit before application for the 50K confirmation letter from the bank? will they call the bank? is the bank allowed to give them any info?
will they call the person who lets me use the money?

2. what if those 50K are in that account only for a day? is that ok? (it is a lot of money and noone wants to keep it in the account like that, but rather invest)
again , if they call the bank (not in UK) , say on 1 february and ask them if 50K are there (and they are not anymore), is the bank allowed to give this information to anyone except for the account holder?

Thank you in advance.

Lucapooka
Respected Guru
Posts: 7616
Joined: Sun Aug 14, 2011 10:30 am
Location: Brasil

Post by Lucapooka » Thu Oct 11, 2012 4:34 pm

Have you actually read the policy guidance for this category of visa? You seem to have glossed over or ignored some very precise requirements with regard to the capital sum. Additionally, you have made no mention of your business set-up and so I wonder if you are fully aware of the requirements.

This is a business visa and if you are struggling (and you are indeed) you should really take paid professional advice. Attribute the necessity for this to the cost of doing business.

Ari Kate
Newly Registered
Posts: 6
Joined: Sat Oct 06, 2012 9:19 pm

Post by Ari Kate » Thu Oct 11, 2012 5:59 pm

[quote="Lucapooka"]Have you actually read the policy guidance for this category of visa? You seem to have glossed over or ignored some very precise requirements with regard to the capital sum. Additionally, you have made no mention of your business set-up and so I wonder if you are fully aware of the requirements.

This is a business visa and if you are struggling (and you are indeed) you should really take paid professional advice. Attribute the necessity for this to the cost of doing business.[/quote]


Yes, I do have business set up. and Ive met every other requirement, that is required.
The only question/problem bit is with this 50k. Im planning to get a lawyer as well, but before that I need to gather as much info as i can, to be aware of everything i can, and thats the reason im asking
Could you please explain more in depth what exactly you thought i overlooked in the policy guidance? , Thank you

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