investment fund question

[amadeus53]

I need to know that to transfer the 200k investment into uk is it necessary to transfer the funds from same bank account which was shown in the application or it can be transferred from some other account or money exchange companies if the investment is via third party route.

The reason is that bank transfer conversions rates are bad and high, while money changers can transfer for less price.

Also once its transferred to my personal account is it possible to get some investment funds added via cash to account rather then wire transfer from outside UK to save fund transfer costs as me and my family can take out the funds form local bank and carry them as cash and then deposit into my uk personal bank account which can then be transferred to company account from my personal account.

Thanks

[marcnath]

I need to know that to transfer the 200k investment into uk is it necessary to transfer the funds from same bank account which was shown in the application or it can be transferred from some other account or money exchange companies if the investment is via third party route.

No. It does not have to be from the same bank/account.

Also once its transferred to my personal account is it possible to get some investment funds added via cash to account rather then wire transfer from outside UK to save fund transfer costs as me and my family can take out the funds form local bank and carry them as cash and then deposit into my uk personal bank account which can then be transferred to company account from my personal account.

Yes. The only evidence needed is transfer from your personal account to business account.
How the money comes into your personal bank account has no impact on the award of points for investment

[amadeus53]

Thanks buddy...!

[amadeus53]

oh and forgot to ask one more thing.

Do the payments made into personal accounts are taxed? I mean do they need any documents to show that these funds are transferred from outside or it can create taxation issues if i am missing something?

[marcnath]

oh and forgot to ask one more thing.

Do the payments made into personal accounts are taxed? I mean do they need any documents to show that these funds are transferred from outside or it can create taxation issues if i am missing something?

This has nothing to do with immigration and you should contact a tax advisor.

There are various tax implications in general for money brought into the UK

[bizman]

oh and forgot to ask one more thing.

Do the payments made into personal accounts are taxed? I mean do they need any documents to show that these funds are transferred from outside or it can create taxation issues if i am missing something?

Investment money is not taxed in the UK. However, the source of the money must be clean orelse it can be siezed. Also be careful to pay cash into your personal account it could give you serious problem. Your account could be blocked and closed . You are not allowed to pay more than 5000 pounds in a month into your account. If its more at any given month, anti fraud and money laundering team of the bank will block the account. but if you transfer from account to account even the whole 200k, there should not be any issues.

[amadeus53]

oh and forgot to ask one more thing.

Do the payments made into personal accounts are taxed? I mean do they need any documents to show that these funds are transferred from outside or it can create taxation issues if i am missing something?

Investment money is not taxed in the UK. However, the source of the money must be clean orelse it can be siezed. Also be careful to pay cash into your personal account it could give you serious problem. Your account could be blocked and closed . You are not allowed to pay more than 5000 pounds in a month into your account. If its more at any given month, anti fraud and money laundering team of the bank will block the account. but if you transfer from account to account even the whole 200k, there should not be any issues.

Such a great reply, thanks a lot!!