Searching for alternative sources of deposit financing

Searching for alternative sources of deposit financing

In many cases, in order to start a business, participate in tenders, conclude international contracts or apply for a business visa in the United Kingdom, you need to provide proof of solvency in the form of a cash deposit. This deposit may be a condition of a bank, investor or government institution for opening an account, visa file or contractual agreement.

However, not all entrepreneurs or applicants have the necessary funds in the required amount and format. In this case, there is a need for a legal and reasonable search for alternative sources of deposit financing, taking into account the requirements for transparency of the origin of funds, KYC/AML (know your customer/anti-money laundering) rules and currency control.

Consultant Law Firm helps not only to find a solution, but also to formalise it so that your deposit is accepted without delay or objection.

Possible sources of deposit formation

The approach to deposit formation should be based not only on the availability of funds, but also on their legal ‘cleanliness’, ease of confirmation and compliance with the expectations of British institutions. We take into account reputational and tax risks, sources of income and the purpose of using the deposit.

The most commonly used sources of deposit financing:

1. Personal savings — cash or funds in accounts (in Ukraine or abroad).
2. Loans or assistance from relatives — notarised or via bank transfers.
3. Funds from other companies — if the client is the owner or director (LTD, sole proprietorship, etc.).
4. Use of escrow accounts — for temporary storage of funds until the transaction is completed.
5. Credit line secured by assets — if movable/immovable property is available.
6. Confirmation of financial support from an investor or business partner (Letter of Support).
7. Income from intellectual property, royalties, contracts — as a source of regular income.

We help not only to choose the best path, but also to prepare legal justification that will satisfy the requirements of the bank, Home Office or business counterparty.

What documents are needed to confirm the source of the deposit

Confirmation of the origin of funds is a mandatory requirement in almost all banking, immigration and contractual procedures. Incorrectly executed documents or the absence of a logical connection between the funds and the client may raise suspicions or lead to rejection.

We assist in the preparation of such documents:

• Bank statements from the client's accounts (personal or corporate).
• Notarised loan, gift, and financing agreements.
• Accounting documents from companies where the client is a beneficiary (financial statements, articles of association).
• Contracts, fees, confirmation of copyright income.
• Payment orders confirming the legality of the funds received.
• Letters from the investor, confirmation of the source of funds or future investments.

We develop a complete package of documentary evidence that meets the requirements of the UK tax, banking and legal authorities — with translation, legalisation and apostille, if necessary.

Why clients choose Consultant

Individual approach — we analyse the client's financial structure, the purpose of using the funds and regulatory requirements.

Knowledge of international financial law — we take into account the currency, tax and banking legislation of Ukraine and the UK.

Confidentiality and transparency — we guarantee the protection of financial information and clarity at every step.

 International experience — we work with clients in Ukraine, Europe, the United States and other jurisdictions.

Frequently asked questions about finding alternative sources of deposit financing