Financial Evidence for Self-Sponsorship: Proving Business Viability and Personal Support
When applying for a Self-Sponsorship Visa, providing robust financial evidence is essential to demonstrate that both you and your business are financially viable. The UK government requires proof that you can sustain your business operations, support yourself without public funds, and create employment opportunities for UK residents.
Key Financial Evidence Requirements for Self-Sponsorship
- 1. Personal Financial Resources
- You must provide evidence that you can support yourself during your stay in the UK without relying on public funds. This includes:
- Personal bank statements: These should show sufficient funds to cover your living expenses for a minimum of 3 months.
- Savings or investments: If you have substantial savings or investments, provide documentation such as investment portfolios, savings account statements, or fixed deposits.
- 2. Business Funding
- 3. Profit and Loss Statements
- 4. Cash Flow Forecast
- 5. Start-up Costs
- 6. Salaries and Job Creation
- 7. Tax Compliance
Ready to Apply?
Providing detailed financial evidence is essential for securing a Self-Sponsorship Visa. This includes showing that your business is viable and capable of growth, and that you can support yourself without relying on public funds. Thorough documentation of personal savings, business finances, and plans for job creation will significantly increase your chances of a successful application.
If you need assistance with your application or have questions about your eligibility, our team is here to help guide you through the process.
If you need assistance with your application or have questions about your eligibility, our team is here to help guide you through the process.
