Tier 1 (Investor)
- High-net-worth individuals who plan to invest at least £1m in the UK can qualify for this category. For applicants who intend to borrow money from an authorised UK financial institution, and are pledging the investment as security, the level of personal net worth is set at £2 million.
- If the money has not been held in the bank account or portfolio for three months or more the applicant must provide evidence of the source of the funds.
- After entry to the UK the applicant needs to invest at least £750,000. This money should be invested in UK Government bonds, share or loan capital in active and trading UK-registered companies - but not in those principally engaged in property investment.
- The minimum investment (£750,000) must be made within three months of a successful applicant's arrival in the UK. It must be maintained at that level throughout the period of the permission to stay. If the value of any investment in stocks or shareholdings is reduced by fluctuations in share prices, it must be corrected accordingly.
- Applicants are exempt from the English language requirement and do not need to prove they can support themselves and their dependants.
- Applicants are entitled to work if they wish to do so (exceptions apply). They can have no recourse to public funds.
- The applicant will initially be granted leave to enter for three years, and then can apply for a permission to stay for a further two years.
- Depending on the amount of investment in the UK, Tier 1 (Investor) migrants must complete a continuous residence period of 2, 3 or 5 years here before they can apply for settlement. For example, the continuous residence period is 2 years if the investor has invested in the UK at least £10 million. At this stage investors must show that they have sufficient knowledge of the English language and of Life in the UK.
- Tier 1 (Investor) Migrants are permitted to be absent from the UK for up to 180 days in any 12 calendar months without jeopardising their application for indefinite leave to remain.
Please contact us for more detailed information and professional immigration support.