If you do not already know about the benefits of the Tier 1 Investor Visa, this article will outline them.
The Tier 1 Investor Visa has been created for high net worth individuals who want to make an investment of a minimum of £2 million within the UK. The United Kingdom encourages investment within its economy and as a country, it is fairly open to excepting people who apply through this Visa route.
Moreover, as opposed to many other Visa categories you do not have to have a specific level of English language ability to apply.
The best immigration lawyers London confirm that as this is a visa for high net worth individuals, as an applicant you will not need to show evidence of having enough money for maintenance purposes i.e. to prove that you have enough money to sustain yourself in the UK, due to the fact that you would not apply for this Visa category if you do not already have the minimum of £2 million.
If your application is successful (for the minimum of £2 million investment) you will be granted leave to remain in the UK for a period of 3 years (in fact 3 years and 4 months). After this period you can apply for an extension for a further 2 years and after this, you will be eligible to apply for Indefinite Leave to Remain (permanent residence) in the UK. Indefinite Leave to Remain means that you as an individual have an unlimited amount of time limit to stay in the UK.
Fast-tracking your application for Indefinite Leave to Remain
As stated previously, the minimum investment amount is £2 million, which will allow you to gain Indefinite Leave to Remain after 5 or so years. However, if you invest more you can receive your indefinite leave to remain status even faster. For example,
If you invest 5 million from the start, you can apply for Indefinite Leave to Remain after 3 years
If you invest £10 million you can receive Indefinite Leave to Remain in the UK after two years.
In order to be eligible for this visa category, you must be over the age of 18, you must prove that all of the money belongs to you or your husband your wife or your partner, you also must’ve open the bank account at a UK regulated bank to store your funds. Furthermore, your money can be abroad when you make the application
Besides income made from employment, there are other types of funds that the Home Office will except for investment purposes. This can be money obtained as a gift, money from Will or divorce settlement and money gained from winning an award. There are more circumstances that will permit you as well, contact our team of top immigration solicitors London for more information.
The Tier 1 Investor Visa, Indefinite Leave to Remain and Absence Requirements
When an applicant is using Tier 1 Investor Visa route simply for investment purposes in the UK and has no plan to eventually apply for Indefinite Leave to Remain, there is no requirement to say or to prove that you have an intention to actually live in the UK for a set amount of time. Moreover, if you are applying to extend your stay under the Tier 1 Investor Visa, you will not have to show that you have spent any particular amount of time in the UK or that you intend to in the future.
Absence requirements only become something to think about if you are trying to apply for Indefinite Leave to Remain in the UK after a set amount of time. If you are thinking of doing this, then there is a period of 180 days where you must not have been absent from the UK during a 12 month period. This means that if you are looking to use this visa route to eventually gain Indefinite Leave to Remain in the UK, you will have to spend over half your time there during the year. This is very important and you can be penalised if you break this rule when it comes down to applying for indefinite leave to remain which is why it is very important to keep track of your time spent in and out of the UK.
Ask our Expert Legal Team
At Gulbenkian Andonian, we pride ourselves on “Excellence, Experience and Efficiency”. With over 35 years of experience on your side, our team of London based lawyers and solicitors have a wealth of experience advising individuals, families and businesses of all sizes to find clarity on UK law.
Call us on +44 (0) 207 269 9590 or fill out the form below. We usually reply within a few hours.
Share This Post