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Sole Representative Visa: Guidelines and Financial requirements

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Sole Representative Visa

Sole Representative Visa

International entrepreneurs have visual strategy to set up businesses in the UK in order to develop new markets and bring competitive products and services to local market. Many of them asking questions in regards of financial requirements of sole representative visa and full detailed execution of it in nutshell.

  1. What is the amount of funds Applicant must keep in their personal bank account prior of an application for Sole Representative visa?

Applicant will be required to provide evidence that they can maintain and accommodate themselves and any dependants adequately without recourse to public funds in the UK, we advise to our clients to provide proof of funds and its aviability on bank account for last 28 days and the period of bank statements for last 3 months in order to make case stronger, however Immigration Rules does not required it.

  1. Do their dependants – wife and children must have some funds available separately?

No, Dependants does not require to provide access to the funds, as Main Applicant is responsible to arrange financial support and maintain and accommodate their families in the UK.

  1. What is the amount of funds employer must allocate as initial capital for opening branch via applying for Sole Representative Visa?

Employer must provide enough capital in order to start and maintain the business in the UK, there are no certain threshold of amount set by Home Office, however Business Plan which prepared by Employer in order to execute business plans in the UK reflects realistic and practical financial summary and start up costs of setting up and running the business.

  1. Does company/employer must provide source of funds available for the investment?

Employer must present Financial Statements which will outline financial position of the company and aviablity of the funds in bank account; we advising to add business bank accounts for last 12 months in order to show current financial position and outline to Home Office that funds currently available in bank account for investment in the UK by company sole representative.

  1. What if company/employer cannot provide business bank statements?

If Employer will not able to provide business bank statements its fine, as these documents are not mandatory, however financial statements must outline turnover and cash in bank and other important financial figures in order to follow visa requirements set up by Home Office.

  1. What if company/employer cannot provide financial statements?

Financial Statements is mandatory set of documents, which must by provided by Applicant on submission of Sole Representative Visa and if employer refused to provide it to visa applicant, then they likely to be refused. Moreover, its crucial and once of the important document which shows financial position of the company and aviability of funds.

FREE CONSULTATION – SOLE REPRESENTATIVE VISA

You can request 15 minutes free consultation; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.