source of Maintenace for Enterprenure Visa (PSW route)

[khan_81]

Hi All,
I have a query as I am applying soon for Enterprenure Visa,
I am applying as a Team, my question is we are registering a business company, do we need a business account? and our 50000 funding is in UK, does that amount need to be in one account or it can be shared in each other account (25000 + 25000) will there be an issue in doing that?

I am starting the process with my team now and hoping to apply at the ebd of January or first week of February, so any help will be appreciated.

Khan,

[rehan01]

Hi Khan,

You can register a business but make sure by the time you apply or submit your visa application your company is under 3 months period.

yes you need a business bank account, its very easy to open a business bank account, once you have registered company you can do that. but your £50,000 need to be in personal or joint account with your team member (Preferably joint account as it will show you both have same access to the funds)


£50,000 funds can be split in different bank 25+25 in 2 different account but you need to provide the statements and probably a declaration from the solicitor.

Hope it help but this is my understanding wait for seniors advice and also go through the policy guidance.

regards

Rehan