Apply residency to the United Kingdom with investment in Tier 1 Investor visa

July 14, 2021 | Blog, UK |

If you are someone who is not aware of the Tier 1 visa of the United Kingdom, know that the UK is a considerable world power, both politically and economically. In addition, London is referred to as the world’s financial capital, which offers an international environment for business. Furthermore, the United Kingdom is also known for the best and renowned educational institutions and global culture.

Citizenship By Investment

It is essential to know that the United Kingdom’s Tier 1 visa requires a foreign investor to make a significant financial commitment to the country’s real estate sector. In order to qualify, a primary applicant should have a minimum of GBP 2 million in their bank account or under their control for a couple of years in advance of their first application. If an applicant fails at this juncture, they must give evidence of their funds. Given below are some of the pointers you must know before applying for such a visa programme.

Investment Required

GBP 2 million

Processing Time

2-4 weeks from application submission to approval

Vital benefit

The right to work, live and study in the UK

An Overview

The regulations of UK immigration is to lure and attract entrepreneurs, investors, and people of talent. When we say people of talent, it simply implies that innovators can come up with some of the best organisational ideas. Some of the recent advancements and changes have hinted at allowing only a highly skilled worker to the United Kingdom. However, an ideal way to qualify for leave to remain in the United Kingdom is through the country’s Tier 1 visa programme for wealthy people. 

Such a programme category is drafted and brought to the table to allow rich investors who make a significant amount of investment in the real estate sector of the UK to enter the country as a foreign investor under the Tier 1 investor category.

UK Investor Immigration Visa Requirements

The requirements of this investor visa programme are pretty straightforward. The applicant must make an investment of at least GBP 2,000,000 by way of share capital or loan capital in active and trading UK registered companies, which may be through qualifying managed investment funds. The investment funds must not be used outside the UK. The funds may be in the UK or overseas when applicants apply. 

One cannot invest in offshore companies and government bonds. Besides, if you are a foreign investor, you do not have to show your ability to speak English and your business experience. However, some nationals like Nigerian, Chinese, Russian, and others need to undertake a tuberculosis test prior to application submission. 

What happens when you invest increased amounts?

In April 2011, the UK’s government announced some of the new rules and regulations that offer to acquire ILR, which, in other words, is a permanent residence. This is an accelerated route that an investor can adhere to. However, there are some requirements to qualify for this. A foreign investor needs to invest a minimum of GBP 10 million in settling in the United Kingdom after a total of two years. On the other hand, one can settle down in three years if an investor invests GBP 5 million or more. 

What about the dependents?

The primary investor’s children who are under 18 years of age and spouse can apply under the dependent category. Moreover, it is essential to know that the United Kingdom does not acknowledge an investor’s parents as dependents. Besides, when it comes to parents, they can apply for an Antigua and Barbuda alternative passport or citizenship to move freely into the United Kingdom for up to half a year at any time.

Write a comment