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is it must to have a bussiness account ?

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

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kashif101
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Posts: 1
Joined: Fri Dec 14, 2012 2:18 pm

is it must to have a bussiness account ?

Post by kashif101 » Fri Dec 14, 2012 2:36 pm

Hi and A o A

1) I am applying for tier1 enterprenure(psw) in 2 weeks time but do not have a business bank account as banks say u should have atleast 6 months valid visa, which I do not have as mine is running out in feb2013. So if someone can please tell me that is it a must requirement to have a business account for the company.

2) Also I am applying as entrepreneurs team. My team member is an accountant and i am a IT person. So if someone can suggest that is it possible to form a company dealing in two types of business fields, accounting and IT.

Welcome to all the replies .
Thankyou and jazakallah.

smehmood
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Posts: 318
Joined: Wed Aug 01, 2012 11:30 pm
Location: Uk
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Re: is it must to have a bussiness account ?

Post by smehmood » Fri Dec 14, 2012 8:53 pm

kashif101 wrote:Hi and A o A

1) I am applying for tier1 enterprenure(psw) in 2 weeks time but do not have a business bank account as banks say u should have atleast 6 months valid visa, which I do not have as mine is running out in feb2013. So if someone can please tell me that is it a must requirement to have a business account for the company.

2) Also I am applying as entrepreneurs team. My team member is an accountant and i am a IT person. So if someone can suggest that is it possible to form a company dealing in two types of business fields, accounting and IT.

Welcome to all the replies .
Thankyou and jazakallah.

hi

U do,nt need business account at this stage.

If u need any help on Tier 1 , PM me


Regards
Shaukat

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

Post by rehan01 » Sat Dec 15, 2012 9:04 am

Hi All,

@SMehmood kindly could you please reply to my pm which i sent you last week i know its a long message but your comment and help will be highly appriciated.

@Kashif101

opening business account shouldnt be a problem, just try different bank as long as you have good credit history there wont be a problem.

LLOYDS TSB is very flexible with opening new business acccount.

regarding the 2 types of business i am not too sure but if you start a consultancy business than yes so just do the home work properly and you will be fine InshAllah

all the best and gud luck with you application

regards

Rehan

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