Apply for Tier 1 Investor Visa
Are you considering a move to the UK for investment purposes? If so, the UK Tier 1 Investor Visa category applies to non-EEA and Switzerland based citizens who wish to invest £2,000,000 or more into the UK economy.
There is no English Language or maintenance requirement for this category (the amount of money invested speaks for itself!). If your UK tier 1 investor visa application is successful, the person is eligible to work, study, and engage in business activities.
Need guidance in applying for your UK Tier 1 Investor Visa? Master Legal Services prioritizes your needs and provides the best immigration advice for your particular circumstance. For further information, feel free to contact our office to speak to an immigration expert on 07490639558 or via Whatsapp on 07710987064.
In the meantime, continue reading for further information about the UK Tier 1 Investor Visa requirements.
Eligibility Requirements for UK Tier 1 Investor Visa
A person would be eligible for a UK Tier 1 Investor visa if they meet the following eligibility requirements:
- The applicant is a non-EEA or Switzerland national (who is over 18 years old)
- Invests £2,000,00 into the UK
Requirements in relation to the funds:
- The applicant can prove that the money is theirs or their spouse/ partner
- Has opened a UK bank account
- Show that the money is held in a regulated financial institution (e.g. a bank)
- And that the money is available to be transferred into the UK (and can be converted into sterling’s)
It should be noted that the applicant for a UK Tier 1 Investor Visa will be asked to provide confirmation of TB test results as well as a Criminal Record Certificate.
The £2 million must have been held for two years consecutively before making the Tier 1 Investor visa application. If the funds have not been held for that period of time then the applicant has to evidence the source of the funds e.g. a divorce settlement, an award, a gift, etc. The appropriate documentary evidence will have to be produced to evidence the source of the funds.
The applicant will be granted 3 years and 4 months visa. The applicant can extend for a further 2 years and after 5 years they can apply for indefinite leave to remain in the UK.
Extension Applications for Tier 1 Investor Visa – Post 6 November 2014
We can assist you with your application for an extension of your Tier 1 Investor Visa to ensure positive results. For extensions, the following must be met:
- An applicant will have to evidence that they made the investment within 3 months of either entering the UK (for entry clearance visa) or 3 months from when the visa was granted (for an in country application).
- The £2,000 000 must have been invested in at least one of the following ways: UK Government bonds, share capital or loan capital in active and trading UK registered companies.
- The level of investment must have been maintained at £2 million throughout the period of leave.
Extension Applications for Tier 1 Investor Visa – Pre 6 November 2014
Pre-November 2014 applicants for a Tier 1 Investor Visa were only required to invest £1 million. The following must be met to apply for a tier 1 investor visa extension under the old rules:
- Have at least £1 million at your disposal in the UK;
- Have invested not less than £750,000 of your money in the UK through UK Government bonds, share capital or loan capital UK registered companies. You cannot have invested in companies that are mostly engaged in property investment activities;
An applicant for a UK Tier 1 Investor Visa will need to have made the investment referred to above
- within 3 months of their entry into the UK, if they were granted visa as a Tier 1 Investor; or
- within 3 months of the date of the grant of entry clearance or leave to remain as a Tier 1 (Investor) visa, or
- where the investment was made prior to the first grant of visa as a Tier 1 Investor, no earlier than 12 months before the date of the application which led to the first grant of leave as a Tier 1 Investor.
Settlement as a Tier 1 Investor
- You can apply for settlement under Tier 1 (Investor) once you have reached 5 years’ continuous leave in the United Kingdom under the route. However, if you meet additional criteria (explained below), you may apply for accelerated ILR after a continuous period of either 2 years or 3 years.
- You cannot combine Tier 1 (Investor) leave with leave in any other category to meet the continuous leave requirement.
- Your qualifying period can include time from the date your initial application (for entry clearance or leave to remain) was approved.
- You can apply for settlement up to 28 days before you will reach the qualifying period. If you apply earlier than that, your application may be refused.
- You have spent the specified continuous period lawfully in the United Kingdom, with absences from the United Kingdom of no more than 180 days in any 12 calendar months during that period.
The specified continuous period is either:
- 2 years, if you can demonstrate that you have invested £10 million as detailed above;
- 3 years, if you can demonstrate that you have invested £5 million as detailed above; or
- 5 years, if you can demonstrate that you have invested £2 million as detailed above.
Tier 1 Investor Visa – Life in the UK test and Language requirements
We will ensure that when you apply for the settlement you are required to show that you have knowledge of life and language in the United Kingdom before you can be granted (unless you fall under an exemption).
You can demonstrate this by passing both the Life in the UK test and holding an English speaking and listening qualification at level B1 or above.
- Generally speaking, you should get a decision on your UK Tier1 Investor Visa application within three weeks of submitting it.
- You can come to the UK with the Tier 1 Entrepreneur Visa for a maximum of three years and four months.
- You can extend your status for another two years if you’re already in the same visa category, subject to eligibility. If you are switching from another visa category to the Tier 1 Entrepreneur Visa, you can extend your status for three years.
- You could also apply for settlements- or ‘indefinite leave to remain’ once you’ve been in the UK for five years.
5 most important things to know about Tier 1 Investor visa
There are many advantages to being granted a Tier 1 investor visa in the UK, however, there are a number of misconceptions which many clients have believed about the Tier 1 Investor Visa. Some of the confusion is due to the changes to the Immigration Rules that took effect in 2014. The main aspect that was changed was the level of investment from £1,000,000 to £2,000,000.
We will be clarifying the top 5 most important things that an investor should know about applying for a Tier 1 Investor Visa.
- You will need to invest £2,000,000 in the UK
As mentioned above, the level of investment has risen from £1,000,000 to £2,000,000 in November 2014. If you were granted a Tier 1 Investor visa before this date, then the previous immigration rules apply to you when you make an application for extension or for settlement.
All applications made after this date will need to adhere to the new Immigration Rules regarding Tier 1 Investor Visas.
There are still many clients to are unaware of the tier 1 investor visa changes that have taken place. It is always important to speak to an expert immigration adviser so that all the important information is made clear to you.
- Investing in property doesn’t count for the purpose of a Tier 1 Visa application
There are many clients who are under the impression they will be eligible to invest their money into property. The old tier 1 investor visa investment rules, before November 2014 had some scope to invest into the property; It was to be possible to be eligible for a Tier 1 Investor visa by investing in property with a value of not less than £2 million.
Tier 1 investor visa investment rules clearly state that the amount of £2,000,000 cannot be invested in companies “mainly engaged in property investment, property management, or property development”.
This is further clarified in the policy guidance as “UK Government bonds, share capital or loan capital in active and trading UK registered companies”.
- Make your investment within 3 months
You must have made the investment within 3 months of your specified date, unless there are exceptional reasons for the delay in investing. In general, the specified date will be the date that your first entered the UK when you can provide evidence of this exact date. Otherwise it will be the date that you were granted leave to enter in the UK.
It is imperative that applicants are aware if the timeline and the deadline dates so that their visa is not curtailed.
- Maintaining your Investment Fund
If you are granted a Tier 1 Investor visa, you will be granted leave to remain for 3 years and 4 months. If you are considering to extend this visa, the investment fund should be maintained throughout the period of leave. This means that if there are any dips during the investment, this should be rectified within 6 months to make up the shortfall.
For this reason it is very important that your investment manager is someone who is updated and well informed about UK immigration policies for investors.
- Increasing your Investment Fund
The minimum investment to be eligible is £2,00,000. However, If the investor is keen to settle in the UK sooner rather than later, they can do so if they increase the level of their investment.
If the migrant invests £5,000,000 they will be eligible to apply for settlement after 3 years of leave in the UK. If the migrants invests £10,000,000 in to the UK, they can apply to settle in the UK after only 2 years.
As this route involves a high level of investment, it is strongly advised that you speak with an experienced immigration adviser who can assist in your application.
Get in touch today for a free initial consultation!