What Investors Require To Be Eligible To Get A UK Visa?
UK has diverse business market, from advance manufacturing, pharmaceuticals, automotive engineering, and fashion to many others. Thus, this has been one of the most preferred destinations of many investors. The UK government has recently made changes to their rules and regulations on the issuance of investor visa or the Tier 1 migration program. This is the category for those wealthy people who intend to invest a substantial amount of their wealth and make UK their home.
Investors Visa (Tier 1)
This visa category will apply not only to the applicant, but extends to their immediate members of the family such as their spouse and children aged 18 and under. Initially this tier 1 visa is valid for 3 years and 4 months, but is extendible for two more years upon showing evidence of an investment made which should not be less than £1 million. The initial period of 3 years is intended primarily for the applicant to do market research and to identify that particular business he intends to invest in.
If one wants to qualify for permanent residency, the length of time required for compliance with all other relevant requirements as well as on the amount of investment:
• £1 million investment will make him eligible for an indefinite leave to stay after the period of 5 years
• £5 million investment will make him eligible for an indefinite leave to stay after period of 3 years
• £10 million investment will make him eligible for an indefinite leave to stay after period of 2 years
The above mentioned amount must be his own funds and is held on a regulated financial institution and which are disposable in the UK.
Under this visa category, applicants are exempted from the stringent requirement of the English language as well as maintenance fund requirement. The applicant, who is granted with this visa, may opt not to be employed in any other capacity other than managing the investment.
For applicants in the investor visa category, the period that they will be allowed to stay outside of UK has been increased. They will be permitted 180 days in a year. After having spent six years in the UK, they may apply for citizenship.
Where to Make an Investment to Qualify For the Investors Visa?
The investment in the UK economy can be made by the investor visa applicant in the following:
• UK government bonds
• Share loan capital or capital on active trading companies which are also registered in the UK. This includes the investment that is held on foreign currencies.
• 25% of investment funds may be invested in real estate and be held on a personal account.
Benefits of the Investors Visa
• This visa category offers great flexibility as to the kind of investment the applicant would want to set up or the kind of business they intend to engage with.
• It also offers an accelerated settlement which depends largely on the amount of investment one makes.
• This provides high network people an easier route to settle in the UK with their families.
Major Difficulty of the Tier 1 Visa
While the investor visa remains the best kind of visa for those who plan to work and live in the UK, it also comes with a minor downside. It comes in the form of difficulty in maintaining the investment level for a period of 5 years so as one will qualify for settlement.
Most of the countries around the globe such as UK would love to welcome wealthy individuals. If you possess necessary funds, applying for an investor visa to enter and live in the UK will be very simple and easy.
Author Bio:
The UK based immigration firm UK Visas supply work permits and other visa types such as the tier one investor visa and entrepreneur visa to migrants looking to enter the UK on an employment or investment basis.
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Category: Investing
