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Dear friend,lkonda wrote:Here is personal opinion regarding PSW visa holders applying for Tier 1 Entrepreneur visa. I know many of you would not like my comments but this is what I think.
UKBA closed Tier 1 General category in 2011. This category was well abused by many of the PSW visa holders. Most of them had no jobs but showed income even upto £75,000 as self employed just by showing transaction or rotating funds into their bank accounts and support this with bad quality income certificates from their accountants.
There was no surprise that UKBA had to close this route as economic situation and new government did not permit this to happen as British public did not like many immigrants settling in UK. Anyways, many of PSW visa holders took the advantages just by doing security jobs, driving jobs and other un-skilled jobs but done proper paperwork to get Tier 1 General.
In April 2012, PSW category was also closed. But by this time thousands of peoples had already PSW visa and had no easy option to extend their visa after 2 years of PSW visa, apart from getting Tier 2 (which is not easy to get as before) or switching back to Tier 4 visa (which is expensive and need attend classes and only suited to applicants completing their 10 years in UK) or going back to their respective countries after saving money from their 2 years of stay and work.
Suddenly in April 2012, poor UKBA allowed PSW visa holders to switch to Tier 1 Entrepreneur visa just by showing £50,000 from their uncles, family members or borrowed money from friends for few days into their bank accounts. Even worse, 2 PSW holders can apply by showing £50,000 combined.
Now, all PSW visa holders saw this opportunity and start working out for this visa. I have read posts on this forum and realised that many of the applicants did not know the paperwork as this visa requires professional and educated stuff. But still almost all of PSW holders managed to arrange companies, share formats for contracts, advertising material, visiting cards, websites and etc. Even many of them did not had idea for choosing occupation, few of them also submitted business plans hesitantly but somehow became The Directors of something overnight.
As UKBA has mentioned that in 2011 there were only 739 applications and in 2012 there are more than 7000 applications (still number of applications are increasing everyday). This led to make UKBA suspicious and they were forced to make changes for rules announced on 30th Jan 2012.
Many of them are still worried and want to work alongside Entrepreneur visa. As their genuine intentions are not for business but to continue living here and ultimately get settlement. That's why these applicants still posting and asking work permission.
Please use common sense and think, doing business in Ahmedabad or Dehli, Lahore, Dhaka, Katmandu, Lagos and Accra require more funds than £50,000.
My point is, it was easiest route left for many of PSW visa holders and whole lot is after Entrepreneur visa. And also I fear people abusing venture capital funding source in near future.
This is only my point of view, you all can have your own.
Please comment.