The Tier 1 Entrepreneur visa is serving as a key for people to enter the British territory. It proved to be the most popular key for a while. However, there are a few common mistakes that people make while applying to go to the UK on this visa. Getting familiar with them, will help you avoid them, when you apply.
Firstly, you must be aware of the fact that the rate of rejection of the visas in this category is very high. It is important for you to know that the rate of rejection is nothing less than 50 percent. If you do not want to be among that group of people, you must prepare for it in the correct manner.
Things to know
If you make a visa application in this category, it should be submitted along with a business plan. This is extremely important because there are many factors that rely on this plan to decide the status of your application. Mostly the concerned authorities check for viability and credibility of the application made. By this, they will also judge whether the application is genuine.
The next thing one needs to keep in mind is the history of immigration. It is required to match with what you say in the interview when you are applying this time. A difference in the information provided, can increase the chances of your visa being rejected to the greatest extent possible.
Avoid common mistakes
Most applicants confuse the funds for maintenance and investments. The funds for maintenance is the money that will support you in living in the United Kingdom. While the funds for investment is as the name suggests, the amount you are capable and willing to invest in the British market. The authorities will also be interested in knowing the source of these funds as an application will be rejected if it is found to be from illegitimate sources.
The minimum amount of money to be shown as a fund for maintenance is £3,310. This amount is only for those applications made from outside the UK. Those made from within UK, must show a minimum of £945. Coming to the minimum investment amount, it cannot be anything less than £200,000. If you keep these few things in mind, you will improve chances of acquiring a visa.
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