The UK Government introduces the Tier 1 (Investor) visa route to allow those making substantial financial investments, and their families, the ability to enter and remain in the UK with minimal restrictions.
The Tier 1 and Tier 2 Visas allows the immigrant the opportunity to settle after a period of time, however, unlike many of the other points-based routes, this route gives the holder an almost unrestricted right to work or undertake self-employment in the UK for the duration of the visa.
Trying to navigate around the rules can be difficult, with various changes that have been made since the route was introduced. It's vital that you get expert advice from a specialist immigration lawyer to help you navigate the system and gain the best outcome possible. The Home Office have to assess the source of funds used for the investments and the applicant’s intention.
We can assist from the outset to ensure you meet the initial entry requirements and just as importantly, we will ensure you are aware of the requirements you must satisfy in order to extend your visa, and settle in the UK.
Normally, the holder of a Tier 1 (Investor) visa will acquire indefinite leave to remain (ILR) after holding this visa for a period of 5 years. For those who invest more than the initial required amount, however, settlement can be achieved significantly faster.
Getting a Tier 1 (Investor) visa allow you to enter the UK and stay for an initial period of three years and four months to establish your business in the UK, if you meet the additional requirements you can extend your stay and after five years, if you meet the rest of the requirements then you can settle in the UK
In order to remain after your first three years on this visa you will need to meet all of the requirements to extend your visa, which includes having control over £2m and investing this into UK government Bonds or active and trading UK companies within three months of entering the UK or being granted leave to remain.
These requirements should be considered form the outset. It is important to plan for your investment as soon as you arrive in the UK, as delay could result in your extension visa being refused.
After completing two, three or five years in the UK, depending on how much you have invested in line with the rules, you can apply for Indefinite Leave to Remain (settlement).
There are, as you would expect, more requirements that you must satisfy, namely:
Once you have ILR you can remain in the UK indefinitely, though you remain subject to immigration control.
Once you have ILR you may then become eligible for British citizenship, this will however depend on the length of time that you have spent in the UK and your number of absences. All of this can be discussed in detail at a consultation.
As experienced immigration, asylum and human rights solicitors, we provide expert advice concerning all aspects of UK Immigration, Asylum and Human Rights matters. Call us today on 0141 429 8166 or complete our online contact form.
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