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Transfer of Funds for Investment

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

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segunolu88
Newbie
Posts: 34
Joined: Tue Sep 11, 2012 12:16 am
Location: LONDON
Contact:
Angola

Transfer of Funds for Investment

Post by segunolu88 » Sat Oct 21, 2017 4:03 pm

Please, I need help on how to show the funds transferred to the business account. It's a team, but I regularly transfer funds from my personal account (though we have a joint account) to the business based on the need at the time and these funds are way more than the 50K. But, my teammate's transfers are not so common. However, our business expenses are more than the 50k. Should I show my personal account as proof because it shows the name of our company? And how about the extra amount transferred? We also took money from the business, but the net investment is 50K.

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marcnath
Moderator
Posts: 6493
Joined: Tue Jul 03, 2012 3:27 pm
Location: Milton Keynes
United Kingdom

Re: Transfer of Funds for Investment

Post by marcnath » Sat Oct 21, 2017 7:01 pm

The investment you made needs to be identifiable as coming from you in your business account. That could be business bank statement with your (or your team member) name against the deposit.
There is no need to submit the personal bank statements additionally, though it possibly helps with the evidence.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

segunolu88
Newbie
Posts: 34
Joined: Tue Sep 11, 2012 12:16 am
Location: LONDON
Contact:
Angola

Re: Transfer of Funds for Investment

Post by segunolu88 » Sat Oct 21, 2017 8:50 pm

Thank you for the help

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