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Tier 1 Visa for Investors in UK

Tier 1 Visa for Investors in UK

Starting with February 2022, the Tier 1 Visa program was ended, being replaced by other foreign entrepreneurs interested in coming to the UK. However, those who have obtained this visa and qualify for an extension can apply freely.

It is recommended to get legal assistance while applying for an investment visa in UK, because any minute mistake can cause the cancellation of the application. This specific visa type needs maximum documents for verification. So, you are welcome to get in touch with our immigration lawyers in London. They can provide you with comprehensive assistance regarding tier 1 visas for investors in UK. 

UK tier 1 visa extension

If you apply from outside the UK, your initial investor visa may be granted for up to three years and four months. If you apply from within the UK, your visa will initially be valid for three years. If you want to stay after this first period, you may apply for an extension. You must exhibit the following in order to submit a successful application for an investor visa extension:

  • At least £2,000,000 has been invested by you in the UK;
  • You have authority over the invested money;
  • The money was put into active UK enterprises as loan capital or share capital;
  • You made this investment within 90 days of the day you arrived in the UK.

For more details about UK tier 1 visa extension, you can get in touch with our lawyers.

Alternatives for UK citizenship by investment

You have a number of options besides obtaining UK citizenship by investment. Through business investments in the UK, you can still live, work, and eventually obtain British citizenship there. Two alternatives for UK citizenship by investment include:

  • UK startup visa;
  • UK innovator visa.

With the UK start-up visa, foreign business owners with little to no previous expertise can relocate to the UK to launch an innovative venture. There is no necessity to have investment capital in order to obtain a UK start-up visa because it is intended for those who are gaining business experience, especially fresh graduates. 

An innovator visa in UK is available if:

  • You want to start and operate an innovative business in the UK;
  • Your business must be distinct from anything else currently on the market; 
  • It has received approval from an organization known as an endorsing body.

You must meet all of the other eligibility requirements for acquiring an innovator visa in UK. The lawyers at our law firm in UK can also help you to obtain this visa. You are also welcome to get legal services of our lawyers if you want to apply for citizenship in UK.

Here is an infographic about how to obtain a Tier 1 visa for investors in UK:

How to obtain a visa for investors in UK

Eligibility criteria for investors 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 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. Further, if you need any help regarding UK startup visa, you can get help from our lawyers. You can apply for a UK start-up visa if you want to launch an innovative business in the UK, but your product or service must be unique compared to the competition. Our lawyers can assist you in this regard.

Online UK investor visa application form

You must complete the application form before moving on to any further steps in the process of applying for an investment visa in UK. Questions on the application form for a UK Investor Visa include:

  • Your name and the last name;
  • Your birthplace and date of birth;
  • Nationality;
  • Parents’ names, birthdates, locations, and nationalities;
  • If you have already visited the UK;
  • If you have ever been on a trip anywhere in the world;
  • The reason behind your visit to the UK;
  • The kind of visa you are requesting;
  • How well you are doing in terms of the requirements, etc.

If you still need any assistance regarding the online UK investment visa application, you can get in touch with our lawyers. They can help you answer these answers. Furthermore, if you are planning to get help regarding your UK residency application, you are welcome to consult with our attorneys. This consultation can help you apply for UK residence efficiently. This legal assistance can lessen the chances of cancellation of a residency application. So, it is recommended to always get the legal services of our local lawyers. 

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 a business visa in UK is also offered.

The time frame of the Tier 1 investor visa in UK

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 can 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:

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 a valid passport and other identification documents, individuals who want to obtain a UK investment visa need to provide a criminal record certificate for the last ten months, for the authorities in UK to verify their 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 about a residence permit or details about business visa in UK.

List of documents for obtaining an investment visa in UK

As part of your application procedure, you must submit several documents to be considered for an investment visa in UK. The UK authorities will decide on your application based on these documents and the online application form.

The following are the documents needed to apply for a UK Tier 1 Investor Visa:

  • Authorized travel document: To apply the visa sticker to your passport, it must have at least one vacant page;
  • Results of the TB test: Find out if you should have a tuberculosis test because only certain countries’ citizens are required to submit a tuberculosis (TB) test report. You can get in touch with our lawyers to know whether you need a TB test report or not. They can provide you with detailed guidance as per your nationality;
  • A certificate of criminal history: Any nation you have visited for at least a year in the past ten years should provide you with this document;
  • Proof that you have the necessary finances: Additionally, you will need to provide evidence of the source of the funds and if they may be transported to the UK and converted to pound.
  • You should also send the following information if your partner is providing the funding:
  • A marriage or civil union certificate, as appropriate;
  • A statement from your partner confirming that they will give you access to the UK-based money;
  • A letter confirming the statement’s validity and signed by a legal advisor. Our lawyers in UK can act as your legal advisors. You can rely on their services; 
  • Evidence that you have a bank account in the UK. This paper ought to be three months or less old than your application. Your name and account number should appear on the bank’s letterhead. It must attest to the Financial Conduct Authority’s oversight of the bank and the completion of the money-laundering checks;
  • All non-English or non-Welsh documents must be translated into certified English or Welsh;
  • You could be required to provide extra documentation, depending on your circumstances.

Our attorneys in UK can provide you with comprehensive guidance regarding the list of additional documents do need to submit to apply for a Tier 1 investor visa. They can guide you regarding document submission while keeping in view your situation. This legal assistance can save you any additional hassle. 

In addition to this, if you are planning to apply for residency by investment, our attorneys can help you. They can provide you with details regarding investment regulation in UK. 

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 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. As a matter 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 a UK investment visa

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, 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 for a Tier 1 visa for investors in UK, and receive such a visa, you need to convert the amount of money into GBP. Feel free to talk to one of our immigration solicitors in Londonand ask for legal advice in this matter.

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 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 or assets instead of the established amount of money of at least GBP 2 million. The regulations stipulate that you need to make cash investments. Please note that foreign investors in UK should present a portfolio report to the financial institutions in this country, 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 consider it. 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:

1. Around 642,000 citizens moved to the UK in 2019 while about 402,000 left the country;

2. In the year ending March 2019, around 226,000 citizens came to UK;

3. Citizens from Bulgaria, Romania, Estonia, Hungary, Germany, Denmark, Greece, Italy, the Netherlands, Sweden, France, and Spain already live in UK;

4. Around 250,000 non-EU citizens moved to the UK between March 2018 and March 2019.

High potential individual visa in UK

It is standard to have at least £1,270 in cash on hand to be eligible for acquiring a high-potential individual visa in UK. The funds must have been in your possession for at least 28 days ending no later than 31 days before the date on which you submitted your application for a high-potential individual visa in UK.

For people wanting to extend into the high potential individual route and who have been legally present in the UK for at least a year at the time of application, there is an exception to the financial criteria. Such people will immediately satisfy the financial criterion and will not need to provide proof of funding.

For any further details about high potential individual visas in UK, you can get help from our solicitors. They can provide you with detailed legal guidance. 

Rights and obligations

After being granted the UK investment visa, 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.

You cannot:

  • 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.

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 permit, 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.

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 visas 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. 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.

3. 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.

4. What is the timeframe for Tier 1 visa for investors in UK?

The Tier 1 investor visa can be issued approximately 3 weeks from the application date. Special conditions in this sense might apply to investors who come from Turkey.

5. 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.

6. 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.

7. 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.

8. 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.