Tier 1 Investor
Initial applications
All applicants will be required to demonstrate that they have at least £1million held in a regulated financial institution and disposable in the UK; OR £2million in personal assets together with a £1million loan from an authorised financial institution
- £1 million held in a regulated financial institution and disposable in the UK
The funds may be held within the UK or overseas at the time of application. Monies held overseas will be converted to pound sterling using the spot exchange rate. It is possible to include funds owned jointly or solely by the applicant’s husband, wife, civil partner, unmarried or same-sex partner. - £2million in personal assets and £1million loan from an authorised financial institution
Personal assets which are held jointly or solely by the applicant’s husband, wife, civil partner, unmarried or same-sex partner. However applicants will need to show that they have the unrestricted rights and permission to transfer, dispose and control these funds within the UK.
It is possible to borrow the whole £1million from a financial institution that is regulated by the Financial Services Authority. However it is not permitted to use personal funds with borrowed funds to make the £1million investment.
Extension applications
Applications to extend in this immigration category will be considered according to what type of application was made originally together with what arrangements were made to invest these funds in the UK.
Applicants will need to show that they have [I] £1million in the UK [ii] invested £750,000; and [iii] invested within three months.
Applicants will need to show that they have [I] £1million in the UK [ii] invested £750,000; and [iii] invested within three months.
- £1million or more in the UK
This should comprise of funds invested in the UK together with any further money needed to bring the total funds to at least £1million. This is a requirement if you have borrowed your investment money; used your own money; or used joint money for the initial application. This can include either £1million of your own funds held in a regulated financial institution and disposable in the UK or £2million personal assets (less liabilities) together with £1million disposable funds under your control in the UK. - £750k investment in the UK
The investment must have been made in a way that helps to stimulate growth in the UK. This will normally mean investing in UK Government bonds, share capital or loan capital in active and trading companies that are registered in the UK. This excludes companies who are primarily engaged with property investment, management or development. - Invested within three months
The minimum £750k investment should have been made within 3 months (13 weeks) from the date entry clearance or leave to remain in this category was granted. If the investment was not made within this specified period this could jeopardize the case and lead to the visa being withdrawn. Investments made in the UK that took place within the 12 months preceding the date of application may also be taken into consideration.
In all cases the same minimum level of investment must be maintained throughout the Tier 1 Investor visa.
Transitional arrangements
Those who applied under the Tier 1 Investor category before 06 April 2011 will not be subject to the same requirements when an extension application is made.
Settlement
Tier 1 Investors will qualify for settlement depending on the size of the investment made as follows:
- £10milllion investment – 2 years
- £5million investment – 3 years
- £1million investment – 5 years
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