Do I need my own bank account to apply for a United Kingdom visa?
up vote
4
down vote
favorite
I am a businessman. I am running my company. I wish to apply for a UK Visitor Visa for holiday vacations. I do not have a personal bank account, only the company account. May I apply now using the bank statements from the company account?
visas uk proof-provenance-of-funds
edited Aug 2 '17 at 16:56
choster
32.3k490143
asked Aug 2 '17 at 16:34
Aslam Haroon
211
add a comment |
up vote
4
down vote
favorite
I am a businessman. I am running my company. I wish to apply for a UK Visitor Visa for holiday vacations. I do not have a personal bank account, only the company account. May I apply now using the bank statements from the company account?
visas uk proof-provenance-of-funds
edited Aug 2 '17 at 16:56
choster
32.3k490143
asked Aug 2 '17 at 16:34
Aslam Haroon
211
I want to ask without personal bank statement, Can I Apply with Company's bank accounts?
– Aslam Haroon
Aug 2 '17 at 16:38
5
You need your own bank account. You should separate your personal and your business accounts, draw a salary or other pay from the company, and retain your pay slips.
– Roddy of the Frozen Peas
Aug 2 '17 at 16:42
@RoddyoftheFrozenPeas that's good for an answer, you can tart it up into one in a jiffy.
– Gayot Fow
Aug 2 '17 at 17:08
@GayotFow - done, though I'm unsure if there is any official publication or direction to support my statements.
– Roddy of the Frozen Peas
Aug 2 '17 at 17:27
@RoddyoftheFrozenPeas +1, it's a great answer. You have the right links etc etc. v nice
– Gayot Fow
Aug 2 '17 at 18:38
add a comment |
up vote
4
down vote
favorite
up vote
4
down vote
favorite
I am a businessman. I am running my company. I wish to apply for a UK Visitor Visa for holiday vacations. I do not have a personal bank account, only the company account. May I apply now using the bank statements from the company account?
visas uk proof-provenance-of-funds
edited Aug 2 '17 at 16:56
choster
32.3k490143
asked Aug 2 '17 at 16:34
Aslam Haroon
211
I am a businessman. I am running my company. I wish to apply for a UK Visitor Visa for holiday vacations. I do not have a personal bank account, only the company account. May I apply now using the bank statements from the company account?
visas uk proof-provenance-of-funds
visas uk proof-provenance-of-funds
edited Aug 2 '17 at 16:56
choster
32.3k490143
asked Aug 2 '17 at 16:34
Aslam Haroon
211
edited Aug 2 '17 at 16:56
choster
32.3k490143
asked Aug 2 '17 at 16:34
Aslam Haroon
211
edited Aug 2 '17 at 16:56
choster
32.3k490143
edited Aug 2 '17 at 16:56
choster
32.3k490143
edited Aug 2 '17 at 16:56
choster
32.3k490143
32.3k490143
asked Aug 2 '17 at 16:34
Aslam Haroon
211
asked Aug 2 '17 at 16:34
Aslam Haroon
211
asked Aug 2 '17 at 16:34
Aslam Haroon
211
211
I want to ask without personal bank statement, Can I Apply with Company's bank accounts?
– Aslam Haroon
Aug 2 '17 at 16:38
5
You need your own bank account. You should separate your personal and your business accounts, draw a salary or other pay from the company, and retain your pay slips.
– Roddy of the Frozen Peas
Aug 2 '17 at 16:42
@RoddyoftheFrozenPeas that's good for an answer, you can tart it up into one in a jiffy.
– Gayot Fow
Aug 2 '17 at 17:08
@GayotFow - done, though I'm unsure if there is any official publication or direction to support my statements.
– Roddy of the Frozen Peas
Aug 2 '17 at 17:27
@RoddyoftheFrozenPeas +1, it's a great answer. You have the right links etc etc. v nice
– Gayot Fow
Aug 2 '17 at 18:38
add a comment |
I want to ask without personal bank statement, Can I Apply with Company's bank accounts?
– Aslam Haroon
Aug 2 '17 at 16:38
5
You need your own bank account. You should separate your personal and your business accounts, draw a salary or other pay from the company, and retain your pay slips.
– Roddy of the Frozen Peas
Aug 2 '17 at 16:42
@RoddyoftheFrozenPeas that's good for an answer, you can tart it up into one in a jiffy.
– Gayot Fow
Aug 2 '17 at 17:08
@GayotFow - done, though I'm unsure if there is any official publication or direction to support my statements.
– Roddy of the Frozen Peas
Aug 2 '17 at 17:27
@RoddyoftheFrozenPeas +1, it's a great answer. You have the right links etc etc. v nice
– Gayot Fow
Aug 2 '17 at 18:38
I want to ask without personal bank statement, Can I Apply with Company's bank accounts?
– Aslam Haroon
Aug 2 '17 at 16:38
I want to ask without personal bank statement, Can I Apply with Company's bank accounts?
– Aslam Haroon
Aug 2 '17 at 16:38
5
5
You need your own bank account. You should separate your personal and your business accounts, draw a salary or other pay from the company, and retain your pay slips.
– Roddy of the Frozen Peas
Aug 2 '17 at 16:42
You need your own bank account. You should separate your personal and your business accounts, draw a salary or other pay from the company, and retain your pay slips.
– Roddy of the Frozen Peas
Aug 2 '17 at 16:42
@RoddyoftheFrozenPeas that's good for an answer, you can tart it up into one in a jiffy.
– Gayot Fow
Aug 2 '17 at 17:08
@RoddyoftheFrozenPeas that's good for an answer, you can tart it up into one in a jiffy.
– Gayot Fow
Aug 2 '17 at 17:08
@GayotFow - done, though I'm unsure if there is any official publication or direction to support my statements.
– Roddy of the Frozen Peas
Aug 2 '17 at 17:27
@GayotFow - done, though I'm unsure if there is any official publication or direction to support my statements.
– Roddy of the Frozen Peas
Aug 2 '17 at 17:27
@RoddyoftheFrozenPeas +1, it's a great answer. You have the right links etc etc. v nice
– Gayot Fow
Aug 2 '17 at 18:38
@RoddyoftheFrozenPeas +1, it's a great answer. You have the right links etc etc. v nice
– Gayot Fow
Aug 2 '17 at 18:38
add a comment |
1 Answer
1
active
oldest
votes
up vote
8
down vote
You need a personal bank account when applying for a UK visitor visa. This account should contain your personal funds, which are separate from your company's funds. You cannot rely on your company account's bank statements because they do not represent money that is only for your use. (The money is the company's; conceivably it would be used for payroll, business expenses, equipment, etc.)
What you should do is as follows:
- Open a personal bank account.
- Start drawing a salary/dividends on a regular basis from your company.
- Deposit this salary into your personal account.
- Retain your pay slips as a record of your earnings.
After some time, you can apply for the UK visa and submit your personal bank account statements, along with your payslips.
While this seems like a case of just moving money around, it is important to distinguish between yourself as a person, and your employer as a company. Even when you own your company, you are an employee of that company. Your pay slips will serve to prove the provenance of your funds -- where it came from, how you got it, taxes have been paid, etc., and that it is entirely legal.
For more information, please refer to the following question:
- Should I submit bank statements when applying for a UK Visa? What do they say about me?
Keeping your business and personal funds separate is also a good business practice, though out-of-scope for this site.
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
add a comment |
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
8
down vote
You need a personal bank account when applying for a UK visitor visa. This account should contain your personal funds, which are separate from your company's funds. You cannot rely on your company account's bank statements because they do not represent money that is only for your use. (The money is the company's; conceivably it would be used for payroll, business expenses, equipment, etc.)
What you should do is as follows:
- Open a personal bank account.
- Start drawing a salary/dividends on a regular basis from your company.
- Deposit this salary into your personal account.
- Retain your pay slips as a record of your earnings.
After some time, you can apply for the UK visa and submit your personal bank account statements, along with your payslips.
While this seems like a case of just moving money around, it is important to distinguish between yourself as a person, and your employer as a company. Even when you own your company, you are an employee of that company. Your pay slips will serve to prove the provenance of your funds -- where it came from, how you got it, taxes have been paid, etc., and that it is entirely legal.
For more information, please refer to the following question:
- Should I submit bank statements when applying for a UK Visa? What do they say about me?
Keeping your business and personal funds separate is also a good business practice, though out-of-scope for this site.
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
add a comment |
up vote
8
down vote
You need a personal bank account when applying for a UK visitor visa. This account should contain your personal funds, which are separate from your company's funds. You cannot rely on your company account's bank statements because they do not represent money that is only for your use. (The money is the company's; conceivably it would be used for payroll, business expenses, equipment, etc.)
What you should do is as follows:
- Open a personal bank account.
- Start drawing a salary/dividends on a regular basis from your company.
- Deposit this salary into your personal account.
- Retain your pay slips as a record of your earnings.
After some time, you can apply for the UK visa and submit your personal bank account statements, along with your payslips.
While this seems like a case of just moving money around, it is important to distinguish between yourself as a person, and your employer as a company. Even when you own your company, you are an employee of that company. Your pay slips will serve to prove the provenance of your funds -- where it came from, how you got it, taxes have been paid, etc., and that it is entirely legal.
For more information, please refer to the following question:
- Should I submit bank statements when applying for a UK Visa? What do they say about me?
Keeping your business and personal funds separate is also a good business practice, though out-of-scope for this site.
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
add a comment |
up vote
8
down vote
up vote
8
down vote
You need a personal bank account when applying for a UK visitor visa. This account should contain your personal funds, which are separate from your company's funds. You cannot rely on your company account's bank statements because they do not represent money that is only for your use. (The money is the company's; conceivably it would be used for payroll, business expenses, equipment, etc.)
What you should do is as follows:
- Open a personal bank account.
- Start drawing a salary/dividends on a regular basis from your company.
- Deposit this salary into your personal account.
- Retain your pay slips as a record of your earnings.
After some time, you can apply for the UK visa and submit your personal bank account statements, along with your payslips.
While this seems like a case of just moving money around, it is important to distinguish between yourself as a person, and your employer as a company. Even when you own your company, you are an employee of that company. Your pay slips will serve to prove the provenance of your funds -- where it came from, how you got it, taxes have been paid, etc., and that it is entirely legal.
For more information, please refer to the following question:
- Should I submit bank statements when applying for a UK Visa? What do they say about me?
Keeping your business and personal funds separate is also a good business practice, though out-of-scope for this site.
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
You need a personal bank account when applying for a UK visitor visa. This account should contain your personal funds, which are separate from your company's funds. You cannot rely on your company account's bank statements because they do not represent money that is only for your use. (The money is the company's; conceivably it would be used for payroll, business expenses, equipment, etc.)
What you should do is as follows:
- Open a personal bank account.
- Start drawing a salary/dividends on a regular basis from your company.
- Deposit this salary into your personal account.
- Retain your pay slips as a record of your earnings.
After some time, you can apply for the UK visa and submit your personal bank account statements, along with your payslips.
While this seems like a case of just moving money around, it is important to distinguish between yourself as a person, and your employer as a company. Even when you own your company, you are an employee of that company. Your pay slips will serve to prove the provenance of your funds -- where it came from, how you got it, taxes have been paid, etc., and that it is entirely legal.
For more information, please refer to the following question:
- Should I submit bank statements when applying for a UK Visa? What do they say about me?
Keeping your business and personal funds separate is also a good business practice, though out-of-scope for this site.
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
edited Aug 2 '17 at 18:39
Gayot Fow
74.8k21195377
74.8k21195377
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
answered Aug 2 '17 at 17:24
Roddy of the Frozen Peas
2,28822145
2,28822145
add a comment |
add a comment |
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I want to ask without personal bank statement, Can I Apply with Company's bank accounts?
– Aslam Haroon
Aug 2 '17 at 16:38
5
You need your own bank account. You should separate your personal and your business accounts, draw a salary or other pay from the company, and retain your pay slips.
– Roddy of the Frozen Peas
Aug 2 '17 at 16:42
@RoddyoftheFrozenPeas that's good for an answer, you can tart it up into one in a jiffy.
– Gayot Fow
Aug 2 '17 at 17:08
@GayotFow - done, though I'm unsure if there is any official publication or direction to support my statements.
– Roddy of the Frozen Peas
Aug 2 '17 at 17:27
@RoddyoftheFrozenPeas +1, it's a great answer. You have the right links etc etc. v nice
– Gayot Fow
Aug 2 '17 at 18:38