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Tranfer £200,000 from sponser ac to director ac??

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

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raja1985
Newly Registered
Posts: 28
Joined: Tue Jan 07, 2014 11:20 pm

Tranfer £200,000 from sponser ac to director ac??

Post by raja1985 » Tue Jan 07, 2014 11:31 pm

hi guys,
Should one have to transfer the 200,000 pounds from sponsor ac to director ac and then transfer to company ac in the form of directors loan or one can get 200000 from any source and then tranfer into company ac??
I have spoken to the accountant he said you have to take same amount which you shows to invest in UK from the sponcor, otherwise its a big problem?

anyone can help?

tanvir1985th
Member of Standing
Posts: 279
Joined: Sun May 05, 2013 12:12 pm
Location: United Kingdom

Re: Tranfer £200,000 from sponser ac to director ac??

Post by tanvir1985th » Wed Jan 08, 2014 1:43 pm

raja1985 wrote:hi guys,
Should one have to transfer the 200,000 pounds from sponsor ac to director ac and then transfer to company ac in the form of directors loan or one can get 200000 from any source and then tranfer into company ac??
I have spoken to the accountant he said you have to take same amount which you shows to invest in UK from the sponcor, otherwise its a big problem?

anyone can help?
if u have already a business and u wanna show money is available to business rather than to u personally then transfer to yr personal acc first and then to company account as a director's loan or cash investment if its self employment. if u wanna show as money available to u only despite of having a business or not then transfer to yr personal account only.

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