Tier 1 Investor Visa

Overview of Tier 1 Investor Visa

About Tier 1 Investor Visa Programme

Great Britain, with such a robust and sturdy economy, high living standards, and entrepreneurial spirits, has been a hot spot for a long time for business people. Every year, several foreigners visit the United Kingdom to commence their businesses, study and work. However, in most cases, to become a United Kingdom resident, you have to speak basic English, demonstrate your experience and education and, at the same time, meet other stringent requirements of UK immigration. Besides, this particular programme is a suitable solution for prosperous individuals. Also, it is one of the easiest ways to get into the United Kingdom and settle.

 

The UK Tier 1 investor visa programme is a long-term settlement type for affluent entrepreneurial foreigners who wish to relocate to Great Britain. In such a visa type, you need at least £2 million to invest. And, the more you happen to invest, the quicker you can apply for an ILR. Furthermore, the earliest an applicant can relocate to the United Kingdom is two years and become a citizen in five years. 

 

To qualify for such a programme, you need to invest your funds in UL-registered companies, open an investment account, and pass due diligence checks. First, the visa will be issued for three and four years, and unless an applicant is eligible to apply for Indefinite Leave To Remain at that point, you can extend the visa for another two years.

Benefits of the UK Tier 1 Investor Visa  

It is the fastest UK visa application an applicant can apply for. The entire process – from submitting the visa application to acquiring a visa does not take more than three months. The Home Office may generally give a decision within a matter of fifteen days.

 

  • Your unmarried partner or spouse, or minor children can be a part of the UK investor visa programme.
  • Second, you do not have to provide proof of education, demonstrate your work experience or take an English test.
  • You and your family do business, work, study or do absolutely nothing in the United Kingdom while enjoying the safety and comforts of regular life in a contemporary European country. Moreover, your investment can provide you with high standards of education, healthcare, and security.
  • It is quite profitable to invest in UK companies’ shares. You will be in control of making decisions about and how much to invest. Remember, you will be the one in control of your investments.
  • This visa programme is only valid for three years and four months in case you apply outside the United Kingdom, and it will be around three years if you happen to apply within the country. The visa can be the subject of extension for another two years, or an applicant can apply for specific settlements straight away.
  • If an applicant invests £5,000,000 or more, they may apply for British citizenship after five years of living in Great Britain. 

Who Obtains Tier 1 Investor Visa?  

The applicant can submit a United Kingdom visa application for the Tier 1 investor programme if they are over 18.

 

  • You need to have access to around £2 to £10 million in funds or more.
  • The funds must be held in the UK or foreign bank accounts. The key here is to have the funds ready for a transfer to the United Kingdom.
  • While you are giving access to the funds on the date of your application, you need to prove that the money is in your bank account (if kept in the account for less than two years); you will have to prove that the funds were sourced legally through business dividends or inheritance.
  • In case you utilize your partner’s or spouse’s funds, you need to provide a marriage certificate or evidence that you both live together. You also need your sponsor’s letter, allowing you to have free access to the money.
  • An applicant needs to open an investment account in regulated financial institutions of the United Kingdom and acquire a letter from authorized bank officials.
  • One needs to provide their criminal record certificates, which covers the last ten years and any nation where the applicant has spent more than one year.
  • An applicant is required to undertake a TB test for the Tier 1 Investor visa programme if you come from a country where taking a TB test is mandatory.

Steps To Obtain Tier 1 Investor Visa  

While you are applying for the Tier 1 Investor visa programme, you will have to go through the mentioned details. Keep reading!

  • The cost of the programme visa application fee is around 1,561 British Pounds. 
  • One needs to pay for the healthcare surcharge while applying as well.
  • To move further, get your biometric done with photos and fingerprints at a visa application centre. You will be getting the permit within ten days of when you intend to visit the United Kingdom.
  • You can submit the firm online or through an email up to three months before moving to the United Kingdom.
  • The processing time of your application will be close to three weeks. 
  • Also, UK entrepreneur visa programmes are usually issued eight weeks post-approval or a bit sooner if you use expedited services.
  • You may require a blank page in your passport on both sides for the visa stamp.
  • Your documents must either be in English or Welsh.
UK Tier 1 Investor Visa

FAQs about UK Tier 1 Investor Visa Programme

This visa type can be characterized by long-term and significant investments. Experienced and professional immigration advisers may help in minimizing risks and save your crucial money and time.

Even though you are not required to speak in English while applying for your first investor visa programme, you may need it while applying for ILR after two, three or five years of staying in the United Kingdom. However, this depends on the investment you are making. 

  • A valid passport with two blank pages
  • Test results of Tuberculosis
  • Certificates of your criminal record for the previous ten years
  • Proof of your funds for investment
  • Letters from a United Kingdom bank stating that you have passed their due diligence checks

A BRP or biometric residence permit is one of the documents confirming your status to be in the UK and study or work here.

If your funds are in a foreign currency, the Home Office will convert their value to pounds sterling using spot exchange rates.

You can rely on funds held in overseas financial institutions, provided they are freely transferable to the UK. Moreover, the financial institution that has the funds needs to confirm this in writing.

The legal ownership of your funds will be required to have been transferred to you. Plus, you will have to prove supporting documents as mentioned by the Immigration Rules.

Know that investment funds can come from several legal sources, provided you put down relevant documentation as evidence of the money source.

If an applicant has held their investment funds for less than two years, they can still qualify for such a visa programme.

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