investment amount transfer to UK under T1E

[amadeus53]

Hi Folks

Need to know if the investment fund to be transferred to UK personal account upon approval of your application need to be transferred from same account which was shown during the application?

Since the account shown for this purpose cannot be used ow due to some country regulations for outside country transfer and a foreign currency account is needed for that purpose, so is it ok to transfer from other account by transferring money there after conversion into pounds?

Also if i use services of money transfer companies to transfer fund, is it fine too?

Or if some funds are transferred from a different country other then the one from where i applied since i do business over there as well will this be acceptable as well?

Thanks

[zimba]

Not really. You can use any approach to transfer the funds to your UK personal account first and then to your business account.

[infinitesmile]

So it means that no need to bring money from overseas if you can transfer from personal to business from here in UK then it should be fine.
What about the possession of money for continuous 3 years until it's disposable to UK. What about this issue???
And how will you prove the money trail?

[marcnath]

So it means that no need to bring money from overseas if you can transfer from personal to business from here in UK then it should be fine.
What about the possession of money for continuous 3 years until it's disposable to UK. What about this issue???
And how will you prove the money trail?

Say, you get a visa in June 2017 and only invest the money in June 2018, the actual investment can be money that is in UK.
However, if HO asks, then you will need to show that the money was still with you in the overseas account until June 2018. Bank statements or bank letter for that should be good enough.

[infinitesmile]

Hi macnarth, the OP is saying that he could not show the amount from overseas bank account which he showed for the initial application.
So, how could he show the bank statement then to show the availability of the funds?

[marcnath]

Hi macnarth, the OP is saying that he could not show the amount from overseas bank account which he showed for the initial application.
So, how could he show the bank statement then to show the availability of the funds?

OP only said that the original account cannot be used for transfer funds overseas.