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Can £50000 be held in my oversea account?

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

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horsepower
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Posts: 3
Joined: Thu Oct 11, 2012 9:39 pm

Can £50000 be held in my oversea account?

Post by horsepower » Thu Oct 11, 2012 10:03 pm

Please can i present my oversea account statement as the evidence of my £50000 for the investment fund? While i use my UK account as my maintainance fund? waiting for response. Thank you all.

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

Post by Lucapooka » Thu Oct 11, 2012 10:17 pm

The 50K can be held outside the UK but a bank statement is not acceptable evidence and will not be considered. Only money that is held inside the UK can be evidenced with a statement (and nothing more). Please read the guidance for what evidence of funds is accepted when held overseas.

horsepower
Newly Registered
Posts: 3
Joined: Thu Oct 11, 2012 9:39 pm

Post by horsepower » Thu Oct 11, 2012 10:53 pm

Thanks Lucapooka. I will read the guidance note again

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