Letter From The Bank For Tier 1 EntrepreneurMoney held in Local Currency
Posted 15 October 2012 - 11:23 AM
Posted 15 October 2012 - 11:31 AM
Posted 15 October 2012 - 01:09 PM
Para 99 of the guidance is very clear and specific. It has a list of requirements and anything not mentioned is not required.
Actually it was para 66 which made me think. It says that “If Money is not held in the UK, all of the funds required must be freely transferable to the UK and able to convert to pound sterling”
Posted 01 November 2012 - 12:54 PM
Posted 04 November 2012 - 10:13 PM
Posted 06 November 2012 - 11:27 AM
The origin of funds does not matter. The Amount must be in your control and available to you and the bank letter must confirm this.
Also read Appendix A Para 41 and 41-SD for further clarification.
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