What if i have spend 20k on business (50k PSW)

[Naheedsammar]

i had 50K in my account but i have spent 20k for setting up my new business. I am not sure still i need to show 50k or altogather 50k is ok.

[aziz1053]

Hi you have to show the evidence of 20k£ that all ready been invested through documentation such as bank statement. Contract, trade, letter head & invoices related to that which should be satisfactory to Ukba. The investment done should be within last 12 months of count on day of application. Plus 30k£ on top of that. If you are unable to provide documentation then you have to show 50k£ access. Please for further clarification for the funds already invested check UKBA Tier 1 Enter Guidance Policy Page 11 & 12 clause 50 to 57. I hope this information may help.

[Naheedsammar]

Thanks alot for your kind reply. I got bankstatement showing the money i transfered to supplier to buy stuff but there is a lots of other things i spent money on like i paid advance rent for business premises but did not get any reciepts and i paid them cash. in the same way getting my signboad ready and all the stuff like electricity, Painting, decorating, van hiring et etc i dont have reciepts so i dont know how i gonna justify money spent on
it.

Kind Regards