Tier-1 Investor Visa
The Tier 1 (Investor) visa is a route for high net worth individuals with access to at least £2,000,000 to invest in the UK, and is only applicable for applicants from outside the European Economic Area and Switzerland.
- The initial visa is granted for 3 years and 4 months (3 years if processed in the UK). After this time, applicants can apply for a 2 year extension provided they meet the eligibility criteria. If an applicant has spent a continuous period of 5 years in the UK, they can apply for Indefinite Leave to Remain (ILR). Accelerated routes to settlement can be sought after 3 years if investments total £5 million, or 2 years if investments total £10 million. Knowledge of the English language is not a requirement for the initial visa but is required for subsequent ILR applications.
- Investment has to be in active and trading UK registered companies, by way of share capital or loan capital.
Tier 1 (Investor) routes to settlement dependent on investments made :
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There are certain requirements to be met when applying as a Tier 1 Investor. Applicants have to meet the following criteria :
- Provide evidence of holding at least £2,000,000 investable funds. The funds should be available to be transferred to and invested in the UK.
- Have opened a UK investment account at an FCA regulated institution.
- Meet good character requirements and have a clean criminal records statement.
- Key benefits when applying as a Tier 1 Investor:
- Fast visa processing and straightforward visa requirements.
- There are no English language requirements or language tests in the initial application.
- There is no individual maintenance requirement.
- Investor’s Immediate family members, spouses and children under 18 are also eligible to enter the UK.
- Applicants are permitted (but not obliged) to work, study or engage in business activities in the UK.
Tier 1 (Investor) visa holders can extend their stay in the UK if the following conditions are met :
- Evidence must be submitted to prove that the applicant’s first entry to the country was within 30 days of the date the clearance was granted.
- Evidence must be provided that all associated adults (for example spouses etc.) were registered with the Overseas Visitors Records Office within 7 days of arrival in the UK.
- Applicants must provide proof that they have not acquired public funds of any kind.
- Applicants must include any dependents on their current visa in the extension application, including children who turned 18 during the initial visa period.
- The minimum threshold for investment funds is £2,000,000 which must be under the Applicant’s control in the UK.
- There have been changes announced for those who entered the category before November 2014.
Residency Requirements and Time Spent Outside the UK :
- If applicants do not intend to settle in the UK then no residency requirements are set, and they may extend their visa for 2 years after the initial clearance has expired.
- Those wishing to apply for permanent residency (ILR) are not permitted to spend more than 180 days outside the UK, in any rolling 12-month period.
- For UK citizenship, applicants must not have spent more than 450 days outside of the UK in the 5-year period, and no more than 90 days during the 12 months prior to application
Residency Requirements and Time Spent Outside the UK :
- If applicants do not intend to settle in the UK then no residency requirements are set, and they may extend their visa for 2 years after the initial clearance has expired.
- Those wishing to apply for permanent residency (ILR) are not permitted to spend more than 180 days outside the UK, in any rolling 12-month period.
- For UK citizenship, applicants must not have spent more than 450 days outside of the UK in the 5-year period, and no more than 90 days during the 12 months prior to application
- The earliest that applicants can submit visa requests is 3 months prior to travel to the UK.
- Applicants can pay for a Priority Service to receive a decision within 5 working days.
- Non-priority processing times for entry clearance applications are approximately 3 weeks if submitted from country of residence, or approximately 8-12 weeks for those switching their visa and currently residing in the UK.
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