Post
by EnthusiasticWait1 » Mon Jun 03, 2024 11:39 pm
Hello,
As you may know from my previous post, I applied for an extension of my Sole Representative of an Overseas Business visa. I received several requests for additional documents and information from the Home Office, all of which I managed to provide. However, I recently received another inquiry regarding multiple deposits made into my business bank account. The Home Office is asking for the reasons behind these deposits.
I clarified that these funds were investments from the parent company. In response, they requested evidence of these investments. I provided an accountant’s letter confirming that the funds were accounted for as a director's loan and disclosed in the accounts submitted with my application, further confirming that these amounts were invested by the parent company.
Now, they have sent a third inquiry asking for evidence such as bank statements highlighting these transactions. The situation is that the money came from the parent company but, due to long procedures and issues with the Pakistani government, the funds were exchanged in Pakistan. Specifically, they were converted from PKR to GBP using cash methods since cheques or bank transfers were not accepted. The funds were then deposited into my personal bank account in Pakistan (a foreign account in GBP). Subsequently, the funds were transferred to my personal UK account and then periodically sent to the business account as needed. The total amount is not substantial.
So far, I have provided an accountant’s letter and the yearly accounts for 2023, where the exact amounts are shown. However, the statements from my Pakistani GBP account do not indicate that the funds were submitted by the parent company.
What additional documentation or evidence should I provide to satisfy the Home Office’s requirements? Any guidance or suggestions would be greatly appreciated.
Thank you..