Urgent enquires about Entrepreneurial Teams

[steptome]

My visa will be expired next month, this is very urgent, plssssssssssssssss help me. Many many thanks!!

I would like to apply the 200k Entrepreneur visa with my friend as a team.

1. I am currently under PSW, and my friend is under Tier 4 Student (Visa expires on Jan 2013). Are we eligible to apply as an entrepreneurial team?

2. One of us holding 180k and another only has 70k, will this works? Or we need to have equal same amount of money?

3. How about a joint account? Is a joint account better than two different accounts with unequal amount of money?

4. Can my friend continue her studies under T1 Entrepreneur?

5. For the Maintenance, I have two different current accounts, one does have over £800 in the past three months, but I rarely use this account, so no transaction at all in the past 90days, so might looks wired; And another account with more transactions but there are few days the balances are under £800. Can I use both accounts together to support my Maintenance?

Thank you very much!

[Lucapooka]

I would like to apply the 200k Entrepreneur visa with my friend as a team.

One of us holding 18k and another only has 7k, will this works?

Am I missing something?

[steptome]

I would like to apply the 200k Entrepreneur visa with my friend as a team.

One of us holding 18k and another only has 7k, will this works?

Am I missing something?

sorry...mistake.....

[dpr1979]

Hi Guys,
Thank you all for your postings with such invaluable information from time to time.

I am planning to apply for entrepreneur visa soon. i have hit a big hiccup in the third party funding.

A quick briefing:

1) Need to apply tier with brother as a team.

2) I have a UK bank account but presently in India since visa got expired.

3) Plan to show funds:

a) GBP 1,13,000 in a joint account in India's bank with brother.

b) GBP 47,000 in UK bank account in my individual name.

c) GBP 40,000 in a bank account with sister in USA as a third party funding.

My question is:

1) Will the UKBA except the funding in my own account alone or my brother should be a joint account holder in it?

2) The template that UKBA has given for third party funding specifically mentions to put the applicants names in the letter, which the US bank denies that it can never do such a thing as they dont care what my sister does with her money and whom she wants to give it to. In short they do not entertain UKBA's format.


It would be a great help if some1 can guide as to what format of letter shall i use that could be excepted.

Can they except a bank letter that my sister has so and so amount and a supporting declaration from my sister?

Please guys if you can help me out on this one.

Many thanks
In advance

D

I would take this opportunity to thank each and every1 who have posted on this forum and provided with such valuable insight.

[monolyte]

HEY GUYS THERE HAS BEEN TOO MUCH OF ALL THIS FUNDING QUESTIONS FROM GUYS THAT HAVE NEVER GLANCED INTO THE TIER 1 E POLICY. THATS WHY YOU NEVER GET GOOD RESPONSE AS YOU GUYS JUST GENERATE QUESTIONS OUT OF YOUR IMAGINATION OR IMMEDIATE CIRCUMSTANCE.
IF YOU ASK QUESTIONS RELATING TO THE GUIDANCE POLICY THAT CONCERNS YOU THAT WOULD BE EASIER TO ANSWER. THE POLICY STATES THAT BOTH TEAM MUST HAVE EQUAL ACCESS TO THE FUND.....bla bla bla...
IF YOU HAVE DECIDED TO MAKE YOUR CASES COMPLICATED I FEEL YOU SHOULD AT LEAST SHOW THAT YOU HAVE READ THE POLICY AND NOT TRY TO MAKE OTHERS TOTALLY THINK OR REASON FOR YOU. THE GUIDANCE POLICY IS YOUR BEST GUIDE. RELAX, READ IT AND TUNE YOUR APPLICATION SO THAT IT SYNCHRONIZES WITH IT. ANYTHING SHORT OF THAT, YOU WOULD BE COMPLICATING YOUR APPLICATION THUS REDUCING YOUR CHANCES OF SUCCESS..