- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2
Right. But does the £200k have to be held by the applicant? If the contributors are from overseas, can they be held in their local (regulated) bank accounts?Lucapooka wrote:The situation you describe could apply in any and all situations (not just to money garnered from third parties). The capital sum has to be available to invest but there is nothing to prevent anyone applying for a visa on the basis of capital sum but then not implementing their business intentions after they enter. However, the most obvious outcome of this would be a refusal of an extension of their leave and then the necessity to leave the UK.
So the declaration is purely symbolic, because the third-party money may not actually be available to the applicant when he/she implements the business idea.Lucapooka wrote:The situation you describe could apply in any and all situations (not just to money garnered from third parties). The capital sum has to be available to invest but there is nothing to prevent anyone applying for a visa on the basis of capital sum but then not implementing their business intentions after they enter. However, the most obvious outcome of this would be a refusal of an extension of their leave and then the necessity to leave the UK.