The Tier 1 visa for investors in UK is for high net worth persons who can make a considerable investment in the country of at least GBP 2,000,000. Just like in the case of other visas in this country, the candidates for this type of visa have to originate from outside the European Economic Area (EEA) or Switzerland and they have to satisfy the other eligibility requests. For a better understanding of the conditions related to the Tier 1 visa for investors, we suggest you ask for legal support from our immigration solicitors in London. With a wide experience in immigration matters, our team can help investors settle in the UK and obtain a residence permit in UK, or the UK golden visa.
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Eligibility criteria in UK
An applicant for a UK Tier 1 visa for investors has to meet the following requirements:
- be at least 18 years old;
- prove that the investment capital belongs to him/her or to his/her husband/wife/unmarried or same-sex partner;
- have a bank account opened in the UK;
- the investment capital is kept in one or more regulated financial institutions;
- the investment capital is free for spending in the UK.
There is no requirement for English language knowledge, and one should know that work, study, and business activities are allowed with this kind of visa. Please let us know if you need assistance and representation on this issue.
Family members in UK
The candidate’s family for the UK Tier 1 visa for investors, including husband, wife, partner, or children under 18 years old, can join the person who applies for this type of visa to live with him/her in the UK. Our UK immigration lawyer can give you more details on this matter including information about the financial requirements if any. Support for British citizenship or UK golden visa is offered.
Time frame of the Tier 1 investor visa in UK
A Tier 1 investor visa in the UK allows you to live inside the country for up to three years and four months, after which you are able to apply for a visa extension for another two years. Here is an infographic about how to obtain a Tier 1 visa for investors in UK:
Rights and obligations
After being granted the UK investmentvisa, there are certain things that you will be able to do and others that you will not, as follows. You will be allowed to:
- invest at least GBP 2,000,000 in government bonds, share capital or loan capital in active and trading companies that are registered in the UK;
- work or study;
- apply to settle in the UK after two years, if you have invested around GBP 10 million;
- apply to settle in the UK after three years, if you invest approximately GBP 5 million.
- invest in companies that have to do with property investment, property management, or property development;
- work as a sportsperson or sports coach;
- have access to public funds;
- work as a doctor or a dentist in training unless certain conditions apply.
Students with sponsorship in UK
Foreign students in UK who can make proof of their sponsorship, have the possibility of applying for a Tier 1 visa for investors. This is available for student nurses, postgraduate doctors or dentists, qualified nurses from abroad or sabbatical officers who are students in UK. When applying for a Tier 1 visa for investors, one should prepare an unconditional covenant signed by the sponsor, in which details about the finances must be mentioned. In other words, a student must provide information about the investment funds obtained through his/her sponsorship.
Documents preparation for a Tier 1 visa for investors in UK
Besides the valid passport and other identification documents, individuals who want to obtain the UK investment visa need to provide a criminal record certificate for the last ten months, in order for the authorities in UK to verify the criminal background. Citizens from countries like Belarus, Algeria, Azerbaijan, Bolivia, China, Dominican Republic, Ecuador, Georgia, Haiti, Indonesia, Lesotho, Micronesia, Nepal, Panama, Russia, Senegal, Thailand, Ukraine, or Vietnam are subject to a Tuberculosis test. As for the partners who can provide investment money, they should prepare the marriage or civil partnership certificate. Talk to us for a residence permit in UK or for details about UK golden visa.
How long does it take to obtain the Tier 1 visa for investors in UK?
The decision for the Tier 1 visa for investors in UK is normally made in approximately 3 weeks from the date the application was made. In the case of Turkish investors in UK, the issuance of the Tier 1 visa for investors might prolong for 12 weeks. In matters of fees for this kind of visa, around GBP 1,600 are necessary when applying for a Tier 1 visa for investors in UK. It is important to know that such a fee is also imposed for visa extensions or visa modifications. Our London immigration lawyer can provide full support for those interested in obtaining the UK investment visa. Feel free to get in touch with us for any kind of immigration issues you might have, including UK residence card.
Tier 1 visa for investors – The points-based scheme
The points-based scheme is important at the time an application for a Tier 1 visa for investors is made. Candidates need to score at least 75 points, in order to be sure that this kind of visa will be granted. These points are based on a series of conditions, like proving the source of money, if such sum can be spent in the UK, where will they be deposited, and if you are married or involved in a civil partnership or relationship for more than just 2 years.
Can the authorities in UK verify the source of funds?
Yes, the UK authorities need to verify the source of your funds for future investments in the country. They will have to make sure that the money does not come from illegal sources, from a third party, or you do not have control over the necessary sum of money for investments in UK. If any of the above-mentioned things are detected by the UK authorities, the Tier 1 visa for investors will not be granted. However, if you do respect all the conditions imposed for applying or a Tier 1 visa for investors in UK, and receive such a visa, you need to convert the amount of money in GBP. Feel free to talk to one of our immigration solicitors in London and ask for legal advice in this matter and also for British citizenship and UK residence card.
The extension of a Tier 1 visa for Investors in UK
Foreigners who received a Tier 1 visa for investors in 2014 must apply for its extension. Among the conditions implicated in this process, we mention that an entrepreneur must have at least GBP 1 million in a local bank account, have personal assets, and already made investments of more than GBP 750,000. It is important to know that the application for the extension of the UK investment visa should have been made no later than April 2020. In terms of documents, our London immigration lawyer will properly handle the formalities and give legal advice and support at any time.
What happens if my Tier 1 visa application is refused?
The cases in which the application for a Tier 1 visa for investors in UK is refused by UK Immigration Office can be properly handled by one of our immigration solicitors in UK. It is good to know that the authorities will send a letter of explanation in this sense and highlight the reasons why the visa application has been rejected. You have the right to appeal the decision and to ask for a review of your case. Also, if you consider an abuse has been made in your case, you should solicit the legal advice of our UK immigration lawyer.
Can I use assets as part of future investments in UK?
No, you cannot use possessions of assets instead of the established amount of money of at least GBP 2 million. The regulations clearly stipulate that you need to make investments in cash. Please note that foreign investors in UK should present a portfolio report to the financial institutions in this country, in order to allow the verification of their business and investments. the UK golden visa can be obtained with our complete legal support.
What type of money sources are accepted?
Money generated from the company profits, investments, divorce settlement, financial awards, gifts, testaments, or deeds of sale are accepted sources for future investments in UK. If proof of other legal sources is offered, the authorities will take it into consideration. We remind you that the amount of money you wish to invest in UK needs to be deposited in a local bank account.
Below you can find some interesting information about migration in UK, provided by the Office for National Statistics:
- Around 642,000 citizens moved to the UK in 2019 while about 402,000 left the country.
- In the year ending March 2019, around 226,000 citizens came to UK.
- Citizens from Bulgaria, Romania, Estonia, Hungary, Germany, Denmark, Greece, Italy, the Netherlands, Sweden, France, and Spain already live in UK.
- Around 250,000 non-EU citizens moved to the UK during march 2018 and March 2019.
Immigration in UK
According to Migration Observatory, the foreign-born UK population increased to almost 9.5 million in 2019 from nearly 5.3 million in 2004. About 52% of the total foreign-born population in UK were girls or women, according to statistics for 2019. The largest number of immigrants is found in London, approximately 35% or more than 3 million, followed by South East with 13%. Most migrants in UK come from Poland (15.5%), Romania (7.2%), and India (5.9%) according to the data for 2019. About 48% of the EU citizens immigrated to UK for work purposes, while 34% of the same category relocated to UK for joining family members.
Choosing our immigration solicitors in London
Our immigration services in UK are at the disposal of any citizen who is interested in a UK Golden visa, study visa, family visa, spouse visa, or residence permits, no name a few. We have a dedicated team of lawyers with experience in immigration matters for UK, mentioning that rules changed after Brexit and serious attention is required for all visa applications. Foreign investors in UK will have to solicit comprehensive information about the eligibility criteria for the type of visa they need. A correct application allows you to obtain the Tier 1 investor visa or the UK investment visa without complications or possible rejections.
We remind that our clients can rely on our experienced team of immigration lawyers in London who work in complete professionalism, openness, competence, and confidence to achieve the best possible results. No matter the immigration issued you deal with, especially after Brexit, you should ask for immediate legal advice from our specialists.
FAQ about Tier 1 visa for investors in UK
1. Who can apply for a Tier 1 investor visa for UK?
Non-EU citizens interested in UK investment visa should follow the eligibility criteria and make an application in this sense. If you are over 18 years of age you can apply for a Tier 1 visa for investors in UK.
2. How much money do I need to invest in UK to be eligible for the investor visa?
Investments of at least GBP 2 million in government bonds, active and trading companies or share capital needs to be made in order to obtain the Tier 1 visa for investors. If you invest around GBP 10 million after 2 years of living in UK, you can apply to settle in this country.
3. What is the validity of the Tier 1 visa for investors in UK?
The Tier 1 Investor visa is valid for 3 years and 4 months, with the possibility of extension for another 2 years. All the legal aspects of UK Golden Visa can be explained by our UK immigration lawyers.
4. Can I bring the family members to UK with a Tier 1 visa for investors?
Yes, family members can join the visa applicant in UK. Information about all the financial aspects can be discussed with one of our specialists.
5. Is the criminal record verified when applying for a Tier 1 investor visa for UK?
Yes, if you apply for a UK investment visa, you should be prepared for some verifications made by the British authorities. If the criminal record is not clear, the visa application can be rejected.
6. What is the timeframe for Tier 1 visa for investors in UK?
The Tier 1 investor visa can be issued in approximately 3 weeks from the application date. Special conditions in this sense might apply to investors who come from Turkey.
7. Will the source of investment funds be verified by the British authorities?
Yes, investors in UK must provide detailed documents showing the source of the investment funds. The British authorities pay much attention to fiscal evasion and the ways it can be contested.
8. Is the extension of a Tier 1 visa for investors subject to specific requirements?
Yes, having at least GBP 1 million in UK bank accounts is a mandatory condition for Tier 1 visa for investors extension. You can find out more about the legal aspects of this kind of visa if you get in touch with our London immigration lawyer.
9. Can I appeal the visa application rejection in UK?
Yes, if you believe that your visa application was incorrectly rejected by the immigration authorities in UK, you can appeal the decision. One of our immigration solicitors in London can represent you throughout the entire process.
10. Is legal advice necessary for UK investment visa application?
Yes, there are specific legal matters that only a solicitor with experience in immigration can explain in detail. The Tier 1 visa for investors can be easily obtained if you respect the eligibility criteria.
We are a group of immigration lawyers in London who work together with our clients on all visa and immigration-related issues. If you wish to apply for a Tier 1 visa for investors in UK, please feel free to contact us.