by B&F services Administrator | Category TIER 1 ENTREPRENEUR VISA
The Tier 1 Entrepreneur Visa has been the main entrance for entrepreneurs from around the world to the UK since 2008.
The purpose of this visa plan has been to support the UK economy by encouraging the very best from across the globe to join in the UK’s rich and various markets.
With the Entrepreneur Visa refusal rate so high and critical over violation of the program, it is important for you to prepare the process in a well-informed fashion. Here four tips to avoid a refusal for genuine entrepreneurs.
Have a stable business plan
As of 6th of April 2015, the initial visa application must be submitted with a business plan. This requirement is now necessary and the official of state may take into account certain factors in evaluating whether the applicant is a genuine entrepreneur. This includes checking the viability and credibility of an applicant’s business plan and market research in their chosen business sector.
Have a logical immigration history
The UK Border Agency may call the applicant and question them on their immigration history. After speaking with the immigration consultants in the country of origin, we found out the team had been refused an entry plate 2014 due to the failure of the genuine entrepreneur test. The primary reason they were refused was that their stories did not match up whilst being interviewed.
Have a clear understanding of Investment and Maintenance funds
The Home office needs to see evidence that applicants can support themselves (and dependents) in the UK whilst start investing in a business. It's important to point out that the investment funds are solely for the business.
Have a reliable Source of Funds
If the applicants’ investment capital has been in their bank account for less than 90 days when applying, the HO may ask for a source of funds. Applicants must be able to show evidence of how and where they attained the capital. If the applicants cannot show sufficient evidence, they may be refused as the funds may have come from illegal sources.
What these points have shown is that preparation is key. Please be aware there are stringent rules with entering the UK and you must know your business inside and out.
Avoid Your Tire 1 Entrepreneurs Visa Be Rejected