Tier 1 Investor


Tier 1 Investor

The UK is the safe haven for new investor to be a world financial pioneer and focal point of worldwide exchange. If you are thinking to invest your money to the UK, you need to apply the Tier 1 Investor visa. The Tier 1 Investor visa enables wealthy applicants to apply to come to, or remain in, the UK on the basis that they intend to invest at least £2m in UK companies or UK Government bonds. The funds may be held in either an overseas bank or a bank in the UK and they may be held in either foreign currency or in pounds sterling, but you must open a UK bank account before the application can be submitted. If the funds are held outside the UK they must be transferable to the UK. You can invest up to £10m and, depending on the amount you invest, you can potentially acquire indefinite leave to remain in either five, three or two years.

Differently from most other kinds of settlement visa, there is no English language requirement for Tier 1 Investor applicants. They only need to meet an English requirement at such time as you apply for indefinite leave to remain.

From 2011 foreign investors have been given extra incentives to come to the UK. You can settle quicker if you invest large sums of money and will be able to spend longer periods outside the UK without losing their eligibility for settlement.

  • Investment of £2 million – eligibility for indefinite leave to remain after 5 years in the UK
  • Investment of £ 5 million – eligibility for indefinite leave to remain after 3 years in the UK
  • Investment of £ 10 million – eligibility for indefinite leave to remain after 2 years in the UK

A successful applicant will gain a three years visa and you can extend your leave for a further two years. In order to extend the visa, you need to reprove yourselves under the points based system by evidencing that you still have the financial characteristics.

In addition you must demonstrate that you have invested the funds available in your first three months on the visa and maintained this investment in order to extend the visa. The funds must have been invested in UK companies (not including solely property investment groups) or government bond and may not simply be depositing the monies into a bank account.

After five years in this category you may apply for Indefinite Leave to Remain and if successful have unrestricted residency in the UK and if appropriate a UK passport thereafter as a British Citizen.

Why choose Imin4U?
We can advise on the procedure, legal and evidential requirements and merits of making an application to the Home Office or entry clearance post.
We can offer a concierge service to choose the investment program, open bank account, prepare tax returns.
We can provide an incorporation of a UK company and annual support service, assistance with company assets management by means of registration of trusts and offshore companies, accounting and legal services for UK companies.

Q & A

  • 1. Do I qualify to come to the UK as an Investor ?
  • 2. Can I bring my family to the UK with me?
  • 3. Am I allowed to stay outside the UK?
  • 4. Is initial investment enough for my visa extension?
  • 5. Am I able to make the UK my home on a permanent basis?

You are required to show that you have enough finance funds to come as investor and in this case it will be simple enough to go through necessary procedure.

The money should be held in the bank account for 3 months prior to application. If the money has been held in the bank account or portfolio for less than 3 months, then it is necessary to give specified evidence of the source of the money. The source of funding in this case can be one of the following:

  • Gift
  • Sale deed
  • Evidence from a business
  • Will
  • Divorce Settlement
  • Award or winnings
  • Other sources – this is on a case by case basis, specified evidence must be provided, we are able to liaise with the relevant Embassy/Home Office regarding this.

At least £2 million must be invested in the UK by way of UK Government bonds, share capital in active and trading UK registered companies within 3 months of the specified date. If you were granted Entry Clearance as a Tier 1 (Investor) then your specified date is your date of entry to the UK. If you were granted Leave to Remain as a Tier 1 (Investor) then your specified date is the date your leave to remain is granted.

Money should be disposable in the UK which means that it is held in a UK based financial institution or, if held outside the UK, it must be freely transferable to the UK and convertible to sterling. It can include money belonging to the applicant's spouse, civil partner or unmarried or same-sex partner, provided that specified documents are provided.

From 06/04/2015 applicants will no longer need to invest additional capital if they sell part of their investments at a loss, but they will be required to maintain all their capital within their investment portfolios. Buying and selling investments will continue to be permitted, providing the investor does not withdraw any capital.

Applications will be refused if the British Embassy/Home Office has reasonable grounds that:

  • The applicant is not in control of the funds;
  • The funds were obtained unlawfully;
  • The character, conduct or associations of a party providing the funds mean that approving the application is not conducive to public good.

Tier 1 (Investor) migrants will be able to invite their spouse/unmarried partner/civil partner and children under 18 years of age to join them as dependants. The dependants will be given full rights to work in the UK apart from working as a Trainee Doctor/Dentist or professional sportsperson or sports coach.

Your children can go to the same schools as the local do. You can choose to send the kids to the private schools if you wish. You and your family have right to use free health care provided by the National Health Service. At the same time you can use your own private medical insurance if you wish.

The Tier 1 (Investor) migrants will be allowed to remain outside the UK for maximum 180 days in any calendar year without losing their right to apply for permanent settlement after 2 years (£10 Million investment), 3 years (£ 5 million investment) or 5 years (£1 million investment for applicants whose initial application was made prior to 06.11.2014, £2 million for all other applicants).

The Immigration Rules changed significantly on 06.11.2014 for the Tier 1 (Investor) category. There are now two types of Tier 1 (Investor) visas and their requirements are very different so it is important to know the category under which you fall. The two categories are as follows:

  • Tier 1 (Investor) – granted initial entry clearance, leave to remain under the rules in place prior to 6 November 2014;
  • Tier 1 (Investor) - granted initial entry clearance, leave to remain under the rules in place on or after 6 November 2014.

Requirements for an extension application -Tier 1 (Investor) – granted initial entry clearance, leave to remain under the rules in place prior to 6 November 2014

Migrants who have invested the minimum of £1m will require a visa extension for 2 years to enable them to complete five years residence in the UK and apply for ILR.

The applicant has to score 75 points under this section which can be claimed-

  • By providing documentary evidence that the applicant has money of his own under his control in the UK amounting to not less than £1 million (Max. 30 Points) Or
  • By providing documentary evidence that the applicant owns personal assets having a value exceeding £2 million and the applicant has money under his control held in a regulated financial institution and disposable in the UK amounting to no less than £1 million that has been loaned to him by a financial institution regulated by the FSA (Max. 30 Points)
  • By providing documentary evidence that the applicant has invested not less than £750,000 of his capital in the UK by way of UK Government bonds, share capital or loan capital in active and trading UK registered companies other than those principally engaged in property investment (Max. 30 points)
  • By providing documentary evidence that the investment has been made within 3 months of obtaining entry clearance/leave to enter/leave to remain and that the investment has been maintained for the whole of the remaining period of that leave (Max. 15 points)
    Or

By providing evidence that the applicant has or was last granted entry clearance, leave to enter or leave to remain as an Investor (Max. 15 points)

The applicant can only claim 75 points if he can provide the relevant documentary evidence and claim points in the way mentioned above.

Requirements for an extension application - Tier 1 (Investor) - granted initial entry clearance, leave to remain under the rules in place on or after 6 November 2014.

Migrants who have invested the minimum of £2m will require a visa extension for 2 years to enable them to complete five years residence in the UK and apply for ILR.

The applicant has to score 75 points under this section which can be claimed-
  • By providing documentary evidence to show that the applicant has invested not less than £2 million in the UK by way of UK Government bonds, share capital or loan capital in active and trading UK registered companies subject. Investment excludes investment by the applicant by the way of companies mainly engaged in property investment, property management or property development.
  • By providing documentary evidence to show that the investment was made within 3 months of the applicant’s specified date.

The applicant can only claim 75 points if he can provide the relevant documentary evidence and claim points in the way mentioned above.

From 06/04/2015 applicants will no longer need to invest additional capital if they sell part of their investments at a loss, but they will be required to maintain all their capital within their investment portfolios. Buying and selling investments will continue to be permitted, providing the investor does not withdraw any capital.

First time applicants will be given 3 years’ and 4 months’ leave to enter or three years’ leave to remain if they switch from another immigration category.

  • Qualifying period for settlement (ILR) is:
  • 5 years if £1m invested (only if the application was made prior to 06.11.2014); or
  • 5 years if £2m invested; or
  • 3 years from the point when £5m is invested; or
  • 2 years from the point when £10m is invested.

Therefore those who invest £1m if their initial application was made prior to 06.11.2014, £2m for all other applicants, will require a visa extension for 2 years to enable them to complete five years’ residence in the UK and apply for ILR.

The requirements relating to naturalization applications have not been affected and even if they obtain ILR in two years by investing £10 million in the UK economy they would still be required to wait for another 3 years and comply with the residence requirements in order to apply for naturalization.