Personal account instead of business account

[nickb]

Hi

I received my entrepreneur visa in Oct 2013 and my visa is due to expire on 22 October 2016. I recently started a new business in May where I have been able create employment as per the requirement and also have the funds invested in the form of share capital that will be reflected in my accounts for 2015-2016.

The problem is that I was not able to open a business bank account as none of the banks were willing to open. I have a construction business and all purchases have been made thru personal account. I know that there is a requirement to show business bank statements to show that it's a U.K. business and for other reasons as well but I am wondering how do I go about now.

Any advice appreciated.

Thank you all.

[zimba]

There is a requirement to have a UK business bank account for your company, unless you are claiming point as self-employed (sole trader).
There is no way around it

[Casa]

Slightly concerning that as an entrepreneur your bank has rejected your application for a business account. Have you managed your personal account badly?

[nickb]

Slightly concerning that as an entrepreneur your bank has rejected your application for a business account. Have you managed your personal account badly?

I had a wrong ccj against my name and due to that it has been difficult to open a business account. Also, a lot of banks don't open the account if you have less than 6 months visa validity.

[Casa]

A poor credit history will indeed affect your ability to open a business bank account. It doesn't bode well for a entrepreneur.

[nickb]

A poor credit history will indeed affect your ability to open a business bank account. It doesn't bode well for a entrepreneur.

My accountant is ready to show accounts based on personal account transactions. I guess I am trying to find a way to convince the home office. I have been engaged in genuine. Us ones with a turnover of 100k in 4 months but just stuck now.

[Hassan Rasheed]

Hi i would suggest try open account in santander bank.

Have you register yourself as director in HMRC ? its also very important to have it.

[zimba]

I had a wrong ccj against my name and due to that it has been difficult to open a business account. Also, a lot of banks don't open the account if you have less than 6 months visa validity.

How can you have a wrong CCJ ?? Don't you think you have to solve that first ???

Have you register yourself as director in HMRC ? its also very important to have it.

Register yourself as director in HMRC !!?? what are you talking about ??

[nickb]

Wrong CCJ as I was away when the decision was sent and the other party did not appeal and the CCJ lapsed.

Is there a way it as I have genuinely been involved in business and do fulfill all the other requirements??

Any help appreciated.

[zimba]

Wrong CCJ as I was away when the decision was sent and the other party did not appeal and the CCJ lapsed.

Is there a way it as I have genuinely been involved in business and do fulfill all the other requirements??

Any help appreciated.

As I said, there is a requirement to provide business bank statements. The immigration rules require you to have a UK business bank account to be able to score points. Your application will be refused if you do not have a UK bank account. You should have rectified this issue much earlier, not when you want to apply for extension.

[awan905]

I am afraid your application will be refused based on personal account, because home office doesnot accept this until you are self employed.

[babaty2k02]

This ought to have been sorted long before now. And you just have 18 days left on you visa!!! Why just now?

[sm12]

Before May, were you involved in some other business? Is that business still running?
The only way you can get points for this requirement with a personal account are if you are a sole trader/ self employed.
Are there any other directors in the company? Maybe they can go to open the account for the company, provided they have at least a few months remaining on their visas or are Europeans and don't need a visa.