Tier 1 Investor

The Tier 1 Investor category is available for high net worth, non-EU individuals, making a substantial financial investment in the United Kingdom.

Advantages of this category include the fact that Tier 1 Investors enjoys a good degree of flexibility in terms of settlement. They are allowed to be outside of the UK for up to 180 days in any 12 month period, without it affecting their right to settlement.

Another advantage is that major investors are allowed to settle more quickly than otherwise would be possible.

How to qualify for the Tier 1 Investor Visa

In order to qualify you have to be 18 years or older.

You have to have money of your own, under your control, held in a regulated financial institution. It must be disposable in the UK, amounting to no less than £2 million; and

Have a bank in a UK regulated bank for the purposes of investing no less than £2 million in the UK.

You will be allowed to use money owned either jointly or solely by your spouse/civil partner/unmarried or same-sex partner, but you must have an unrestricted right to transfer and dispose of the money, as well as permission from your partner to have control of the money in the UK.

Do not need to meet the English language requirement.

No need to meet the separate requirement for maintenance that applies to most other applicants under the points based system.

You and your dependents over the age of 18 years old will have to provide an overseas criminal record certificate for any country that you have resided in continuously or cumulatively for 12 months or more, in the 10 years prior to the application.

Spouses and dependents of a Tier 1 Investor

A Tier 1 Investor applicant can apply for their spouse, civil partner, unmarried or same-sex partner and dependent children aged under 18 to join them in the UK.

The dependents will be able to work without restriction in the UK.

Length of stay and right to work for the Tier 1 Investor

You will at first obtain permission to stay in the UK for three years as an investor. After three years you can apply for an extension of two years which will be granted if the UK Home Office is satisfied that you meet the requirements for the Tier 1 Investor extension application.

You have no work restrictions imposed on your stay in the UK, apart from the fact that you cannot work as a doctor or dentist in training. Certain exceptions apply. You may also not work as a professional sportsperson or sports coach.

You may study subject to certain conditions.

Indefinite Leave to Remain in the UK

After five years as a Tier 1 (Investor) permit holder, you should be able to apply for Indefinite Leave to Remain (ILR).

If the applicant first applied to enter the Tier 1 (Investor) route prior to 6 November 2014 then they are allowed to consolidate the time spent in the UK as an Investor together with the time spent in the UK as a Tier 1 Investor in order to meet this qualification period.

Tier 1 Investors will be able to reach Indefinite Leave to Remain earlier if they increase their level of investment.

An applicant will be able to reach Indefinite Leave to Remain after 2 years in the following cases;

If an applicant entered this immigration route on or after 6 November 2014 and had invested money of their own under their control in the UK, in one of the specified ways, amounting to at least £10 million, they can qualify for ILR after two years.

If an applicant entered this immigration route before 6 November 2014, and either has money of his own, under his control in the UK, amounting to at least £10 million, or has personal assets with a value of at least £20 million, together with at least £10 million under their control and disposable in the UK, loaned to them by a UK regulated financial institution, they can qualify for ILR after two years, provided that 75% of the £10 million has been invested in the UK in one of the Home Office’s specified ways.

An applicant will be able to reach Indefinite Leave to Remain after 3 years in the following cases;

If an applicant entered this immigration route on or after 6 November 2014 and had invested money of their own under their control in the UK, in one of the specified ways, amounting to at least £5 million, they can qualify for ILR after three years.

If an applicant entered this immigration route before 6 November 2014, and either has money of his own, under his control in the UK, amounting to at least £5 million, or has personal assets with a value of at least £10 million, together with at least £5 million under their control and disposable in the UK, loaned to them by a UK regulated financial institution, they can qualify for ILR after three years, provided that 75% of the £10 million has been invested in the UK in one of the Home Office’s specified ways.

An applicant will be able to reach Indefinite Leave to Remain after 5 years in the following cases;

If an applicant entered this immigration route on or after 6 November 2014 and had invested money of their own under their control in the UK, in one of the specified ways, amounting to at least £2 million, they can qualify for ILR after five years.

If an applicant entered this immigration route before 6 November 2014, and either has money of his own, under his control in the UK, amounting to at least £1 million, or has personal assets with a value of at least £2 million, together with at least £1 million under their control and disposable in the UK, loaned to them by a UK regulated financial institution.

How to apply as Tier 1 Investor

Breytenbachs Immigration Consultants have a highly trained and experienced team of consultants dealing with Tier 1 Investor applications.

For more information on this very advantageous immigration route, or to apply, contact us today.