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Bank letter sample for entrepreneurial team

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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rahil74098
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Bank letter sample for entrepreneurial team

Post by rahil74098 » Mon Jun 10, 2013 6:11 pm

Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance

educators
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Posts: 114
Joined: Wed Dec 05, 2012 11:17 pm

Re: Bank letter sample for entrepreneurial team

Post by educators » Mon Jun 10, 2013 6:16 pm

rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance

It should in personal account

rahil74098
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Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
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Re: Bank letter sample for entrepreneurial team

Post by rahil74098 » Mon Jun 10, 2013 6:21 pm

educators wrote:
rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance

It should in personal account
I am not talking about personal funds. We need to show £ 50,000 in business account so we need a letter from bank. Please help me in bank letter sample, thanks

Dayyurite
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Post by Dayyurite » Mon Jun 10, 2013 7:18 pm

Your £50000 should be in your personal bank account. It will help if you open a joint account

rahil74098
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Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
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Post by rahil74098 » Mon Jun 10, 2013 8:41 pm

Dayyurite wrote:Your £50000 should be in your personal bank account. It will help if you open a joint account
Business account should be open on my name and friend's name. Can you please tell me what the difference between personal account
and business account. Just we need a confirmation letter from bank that's it. A certain amount of funds to support yourself is called maintenance funds. u have to show this amount in ur personal account. Please help me in bank letter thanks

KickAss
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Location: Surrey

Post by KickAss » Mon Jun 10, 2013 9:50 pm

rahil74098 wrote:
Dayyurite wrote:Your £50000 should be in your personal bank account. It will help if you open a joint account
Business account should be open on my name and friend's name. Can you please tell me what the difference between personal account
and business account. Just we need a confirmation letter from bank that's it. A certain amount of funds to support yourself is called maintenance funds. u have to show this amount in ur personal account. Please help me in bank letter thanks
Hi rahil74098
Business account will be on the name of your business XYZ limited.
The reason why UKBA ask for money in personal account is because business account statement will not have ur or ur partner name on it.
So you must have money in your current/savings account.

rehan01
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Re: Bank letter sample for entrepreneurial team

Post by rehan01 » Mon Jun 10, 2013 9:59 pm

Like other member on the forum advised funds should be in your PERSONAL ACCOUNT not business account.

also read policy guidance in details and it will answer your question as letter template is provided in policy guidance for your convenience and also it will also help you clear your doubt regarding which account to kept the money.

regards
rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance

rahil74098
Junior Member
Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
Contact:

Re: Bank letter sample for entrepreneurial team

Post by rahil74098 » Tue Jun 11, 2013 9:16 am

rehan01 wrote:Like other member on the forum advised funds should be in your PERSONAL ACCOUNT not business account.

also read policy guidance in details and it will answer your question as letter template is provided in policy guidance for your convenience and also it will also help you clear your doubt regarding which account to kept the money.

regards
rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance
Thanks bro for giving me this information. one more question regarding initial cost to start a business. So We need to show initial cost in personal account or business account. Thanks in Advance[/img]

rehan01
Diamond Member
Posts: 1635
Joined: Fri Aug 10, 2012 7:05 am
Location: London

Re: Bank letter sample for entrepreneurial team

Post by rehan01 » Tue Jun 11, 2013 11:46 am

Like I said earlier keep all funds in personal account and than as and when needed transfer tht amount in business account and start injecting into business either its initial cost or something else and if u claiming that as money invested than again make sure u read policy guidance properly and produce appropiate papers as requested.

Hope it help


Regards
rahil74098 wrote:
rehan01 wrote:Like other member on the forum advised funds should be in your PERSONAL ACCOUNT not business account.

also read policy guidance in details and it will answer your question as letter template is provided in policy guidance for your convenience and also it will also help you clear your doubt regarding which account to kept the money.

regards
rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance
Thanks bro for giving me this information. one more question regarding initial cost to start a business. So We need to show initial cost in personal account or business account. Thanks in Advance[/img]

rahil74098
Junior Member
Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
Contact:

Re: Bank letter sample for entrepreneurial team

Post by rahil74098 » Tue Jun 11, 2013 2:26 pm

rehan01 wrote:Like I said earlier keep all funds in personal account and than as and when needed transfer tht amount in business account and start injecting into business either its initial cost or something else and if u claiming that as money invested than again make sure u read policy guidance properly and produce appropiate papers as requested.

Hope it help


Regards
Thanks a lot Rehan Bro. Unaudited aacounts and accountant's certificate of confirmation are required according to the UKBA policy guidance.
rahil74098 wrote:
rehan01 wrote:Like other member on the forum advised funds should be in your PERSONAL ACCOUNT not business account.

also read policy guidance in details and it will answer your question as letter template is provided in policy guidance for your convenience and also it will also help you clear your doubt regarding which account to kept the money.

regards
rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance
Thanks bro for giving me this information. one more question regarding initial cost to start a business. So We need to show initial cost in personal account or business account. Thanks in Advance[/img]

rahil74098
Junior Member
Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
Contact:

Re: Bank letter sample for entrepreneurial team

Post by rahil74098 » Tue Jun 11, 2013 2:41 pm

rehan01 wrote:Like I said earlier keep all funds in personal account and than as and when needed transfer tht amount in business account and start injecting into business either its initial cost or something else and if u claiming that as money invested than again make sure u read policy guidance properly and produce appropiate papers as requested.

Hope it help


Regards
rahil74098 wrote:
rehan01 wrote:Like other member on the forum advised funds should be in your PERSONAL ACCOUNT not business account.

also read policy guidance in details and it will answer your question as letter template is provided in policy guidance for your convenience and also it will also help you clear your doubt regarding which account to kept the money.

regards
rahil74098 wrote:Hi,
Me and my friend are applying for a entrepreneur visa as a entrepreneurial team. We are planning to show funds in business account. Can anybody help us in bank letter. Thanks in advance
Thanks bro for giving me this information. one more question regarding initial cost to start a business. So We need to show initial cost in personal account or business account. Thanks in Advance[/img]
Thanks a lot Rehan Bro. Unaudited aacounts and accountant's certificate of confirmation are required according to the UKBA policy guidance.

rehan01
Diamond Member
Posts: 1635
Joined: Fri Aug 10, 2012 7:05 am
Location: London

Re: Bank letter sample for entrepreneurial team

Post by rehan01 » Tue Jun 11, 2013 2:43 pm

thts correct .... so every time you read policy guidance you will find something new

regards
rahil74098 wrote:
rehan01 wrote:Like I said earlier keep all funds in personal account and than as and when needed transfer tht amount in business account and start injecting into business either its initial cost or something else and if u claiming that as money invested than again make sure u read policy guidance properly and produce appropiate papers as requested.

Hope it help


Regards
rahil74098 wrote:
rehan01 wrote:Like other member on the forum advised funds should be in your PERSONAL ACCOUNT not business account.

also read policy guidance in details and it will answer your question as letter template is provided in policy guidance for your convenience and also it will also help you clear your doubt regarding which account to kept the money.

regards
Thanks bro for giving me this information. one more question regarding initial cost to start a business. So We need to show initial cost in personal account or business account. Thanks in Advance[/img]
Thanks a lot Rehan Bro. Unaudited aacounts and accountant's certificate of confirmation are required according to the UKBA policy guidance.

rehan01
Diamond Member
Posts: 1635
Joined: Fri Aug 10, 2012 7:05 am
Location: London

Post by rehan01 » Tue Jun 11, 2013 2:44 pm

http://www.immigrationboards.com/viewtopic.php?t=137118


check this link for bank and other letter format

regards

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