Quote:
Originally Posted by Coqueiro
Can anyone a help a friend out with some information, he wants to know the best way of moving £15k from Brazil to the UK.
The cash was part of the $50k to get an investment visa. The money is currently in a Bradesco account. I would have thought he may be risking his visa but he doesnt think this is a problem. But is worried about getting stung for lots of tax. I cannot help him so thought I would ask here.
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Rob is correct - there are implications for your friend with regard to the investor visa.
It used to be possible to simply deposit funds in a bank account here to qualify for the visa, but the authorities become wise to that, and now he will have to prove the investment has been into a 'productive activity' with full accounts after 2 years, or your friend may lose his visa.