TIER 1 INVESTOR VISA - £1 MILLION ROUTE
The Tier 1 Investor visa category is for non-EEA nationals who are able to make a substantial investment in the UK. If you entered the Tier 1 Investor visa category before 6 November 2014, you can qualify for an extension of stay and settlement under the £1 million route.
What are the main eligibility requirements for an extension of stay as a Tier 1 Investor?
In order to qualify for further leave to remain as a Tier 1 Investor, you will need to satisfy UK Visas and Immigration that:
- You have invested at least £750,000 of your own money in UK government bonds or actively trading UK companies;
- If the value of your investment is less than £1 million, you hold a sufficient balance of funds to bring your total investment to at least £1 million;
- The balance of funds is held as cash on deposit or has been used to purchase an asset such as unmortgaged property which you use as your own home;
- You made your investment within 3 months of entering the Tier 1 Investor category;
- You have maintained both your qualifying investment and any balance of funds throughout the period of your leave as a Tier 1 Investor.
What are the main eligibility requirements for settlement as a Tier 1 Investor?
In order to qualify for indefinite leave to remain as a Tier 1 Investor, you will additionally need to satisfy UK Visas and Immigration that:
- You have spent the relevant period of 2, 3 or 5 years with leave in the Tier 1 Investor category;
- You have not spent more than 180 days (six months) outside the UK each year during any rolling 12-month period of your leave as a Tier 1 Investor;
- You have sufficient knowledge of the English language;
- You have passed the Life in the UK test.
What else do I need to know about the Tier 1 Investor visa?
You will be able to extend your stay for a further 2 years, before qualifying for indefinite leave to remain (settlement) after 5 years. There is also an accelerated route to settlement after either 3 years if you invest at least £5 million or 2 years if you invest at least £10 million.
For settlement applications made from 11 January 2018, the Home Office will consider absences from the UK on a rolling basis, rather than in separate consecutive 12-month periods. If your qualifying period includes time before this date and you believe that this change would cause you exceptionally harsh consequences, you must set out the reasons.
If you are not able to satisfy the residency requirement for indefinite leave to remain as a Tier 1 Investor then you can keep extending your stay indefinitely.
As a Tier 1 Investor visa holder, you did not need to satisfy any English language requirement when you secured your initial visa. However, unless you are 65 years old or over, you will need to pass an English language test and take the Life in the UK test in English when you apply for settlement.
Your partner and any children under the age of 18 may apply to extend their stay or settle in the UK with you as a Family Member of a PBS migrant.
Tier 1 Investors applying for further leave to remain and indefinite leave to remain from within the UK can apply for either a standard 8-week consideration or a priority 10-day consideration.
How our immigration barristers can help
Richmond Chambers is widely recognised as one of the UK’s leading immigration practices for investors. Our immigration barristers were awarded ‘Business Immigration Chambers of the Year in England’ at the 2018 Corporate Intl Magazine Global Awards, ‘UK Business Immigration Barrister of the Year’ at the ACQ5 Law Awards 2018 and ‘Business Immigration Set of the Year’ at the Global Law Experts Awards 2017. The work of our immigration barristers on behalf of investors has also been recognised through membership of the Investment Migration Council and the Department of International Trade’s Investor Support Network.
Our investment immigration barristers work closely with investors, wealth managers and leading banks to prepare and submit high quality visa applications for investors and their families. We are experts in the immigration options for investors and will guide you through the complex Home Office rules and policies.
We pride ourselves on being approachable and proactive in understanding and meeting our clients’ needs. We are a highly driven team, dedicated to providing clear and reliable immigration advice to investors as part of a professional and friendly service.
We can also assist with
Investment management for Tier 1 Investors
Whilst we are able to draw on our intimate knowledge of the Home Office rules and policy to provide you with expert legal advice in relation to your Tier 1 Investor visa application, we can also direct you to FCA-registered wealth managers who can ensure that your investment portfolio is both compliant and structured for steady growth.
Applications for Tier 1 Investor visas - £2 million route
If you do not already hold a Tier 1 Investor visa granted before 6 November 2014, you will need to have access to £2 million and be willing to invest your funds in actively trading UK companies.
In order to qualify for a Tier 1 Investor visa under the £2 million route, you will need to satisfy UK Visas and Immigration that:
- You have funds amounting to at least £2 million belonging to yourself, your partner or the two of you jointly;
- The money is held in a regulated financial institution;
- The money is freely transferable to the UK and able to be converted to pounds sterling;
- You have opened an account with a UK regulated bank for the purpose of investing not less than £2 million in the UK.
If you have held your investment funds for less than 2 years then you will need to prove the source of your funds and, in every case, the Home Office will need to be satisfied as to the provenance of the funds.
If applying from overseas, you and any adult dependents will need to provide an overseas criminal record certificate for any country that you have lived in for at least 12 months in the last 10 years.
Fresh applications, Administrative reviews and Judicial reviews for Tier 1 Investors
If your application for leave to remain or settlement as a Tier 1 (Investor) has been refused, our immigration barristers can advise on the merits of making a fresh application or challenging the decision.
If the decision-maker failed to apply the Immigration Rules or Home Office policy correctly, we can bring Administrative Review proceedings to challenge the decision.
If the decision to refuse your application was unlawful, unreasonable or procedurally improper, our immigration barristers can apply for Judicial Review and provide representation at Judicial Review hearings.