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If money is in business account

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

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If money is in business account

Post by removed user » Fri May 24, 2013 4:45 pm

If your money is in business account in form of cash and you provide unaudited accounts with it - will this be ok?

People are being rejected on the basis of having funds in personal account whereas some people on this forum have got the visas with money in business account.

If the money cannot be in business account - than according to the accountants definition, that money has been invested.

The investment can be made in terms of (Directors Loan/Share Capital).

I request experts to pass on their opinions in order to clarify this situation.
Last edited by removed user on Sun May 26, 2013 5:01 pm, edited 1 time in total.

KickAss
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Joined: Mon Jan 02, 2012 8:36 pm
Location: Surrey

Re: If money is in business account

Post by KickAss » Fri May 24, 2013 6:37 pm

kamilanwar wrote:If your money is in business account in form of cash and you provide unaudited accounts with it - will this be ok?
No !
Read policy doc ... it has to be in personal account

removed user

Re: If money is in business account

Post by removed user » Fri May 24, 2013 6:43 pm

KickAss wrote:
kamilanwar wrote:If your money is in business account in form of cash and you provide unaudited accounts with it - will this be ok?
No !
Read policy doc ... it has to be in personal account
if you claim points for funds already invested in form of directors loan. Showing cash balance of xxxx in company account? Supported by unaudited accounts. Policy guidance says director loan is acceptable?

removed user

Post by removed user » Sun May 26, 2013 5:03 pm

Can experts give their opinions please

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