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entrepreneur team/ funds showed by only one member

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

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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lema9994
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Joined: Fri Dec 04, 2015 2:36 pm

entrepreneur team/ funds showed by only one member

Post by lema9994 » Wed Jan 04, 2017 7:29 pm

Hi there,

got visa as entrepreneur team member , we showed 50k funds in joint accounts at time of visa applied .. Question is that one member transferred 50k from his personal account to their joint business account ,, Second member did not transfer anything from his personal account to joint business account ..

2 full time jobs has been created ...

now we both are going to extension again its going make any negative impact on both of us specially second member ... please advice me

lema9994
Junior Member
Posts: 94
Joined: Fri Dec 04, 2015 2:36 pm

Re: entrepreneur team/ funds showed by only one member

Post by lema9994 » Wed Jan 04, 2017 8:40 pm

please advice me

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zimba
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Re: entrepreneur team/ funds showed by only one member

Post by zimba » Wed Jan 04, 2017 8:45 pm

Why did the transfer did not happen from the joint personal account to business then ???
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

lema9994
Junior Member
Posts: 94
Joined: Fri Dec 04, 2015 2:36 pm

Re: entrepreneur team/ funds showed by only one member

Post by lema9994 » Wed Jan 04, 2017 9:02 pm

thanks for your reply

because bank has unknown security issue , they are not happy to keep our personal joint account ...

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zimba
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Re: entrepreneur team/ funds showed by only one member

Post by zimba » Wed Jan 04, 2017 9:13 pm

Then you better have the DL and company accounts under both of your names.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

lema9994
Junior Member
Posts: 94
Joined: Fri Dec 04, 2015 2:36 pm

Re: entrepreneur team/ funds showed by only one member

Post by lema9994 » Wed Jan 04, 2017 9:24 pm

thanks for your reply .. it make sense by doing both name on DL .. it covers up 50k investments from both persons ????

what HO rules tell us ???
please advice me thanks in advance

lema9994
Junior Member
Posts: 94
Joined: Fri Dec 04, 2015 2:36 pm

Re: entrepreneur team/ funds showed by only one member

Post by lema9994 » Wed Jan 04, 2017 9:28 pm

hi zimba888

all two years accounts has been submitted by name one director name .. third years
still remain to submit that's we can submit by both names ???


pleases make it clear for me thanks in advance

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zimba
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Re: entrepreneur team/ funds showed by only one member

Post by zimba » Wed Jan 04, 2017 9:47 pm

The DL loan must be under both of your names
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

lema9994
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Posts: 94
Joined: Fri Dec 04, 2015 2:36 pm

Re: entrepreneur team/ funds showed by only one member

Post by lema9994 » Wed Jan 04, 2017 10:05 pm

hi zimba888

I will fellow your suggestion ,,
could it give any negative impact on second partner ???? because one member has transferred 50k funds from his personal account ..
2 full time job has been created from company

please advice me if you need to ask anything to understand my case I love to you anything as you will ask me

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zimba
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Re: entrepreneur team/ funds showed by only one member

Post by zimba » Thu Jan 05, 2017 12:58 am

The money is expected to be available to both of you and invested under both of your names. Both of your names MUST appear opposite of the 50K in the account as well as on the DL agreement. Given that you can share the investment money, the bank transfer from one party might be overlooked by HO
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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