Tier 1 Investor Visa UK

Persons who are eligible for this visa are those who want to come to the UK to invest their money.

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Tier 1 Investor Visa 2018-12-11T14:17:57+00:00

The Tier 1 Investor Visa route has been suspended until 2019.

Who needs a Tier 1 Investor Visa?

This visa type is meant for outstanding foreign persons who are not from the European Economic Area (EEA) or Switzerland, who want to make big investments in the UK.

A person with a Tier 1 Investor Visa can enjoy visa benefits such as:

  • Invest minimum £2 million in UK government bonds, share capital or loan capital in active and trading UK registered companies;
  • Get Employed;
  • Enroll in Studies;
  • Apply for settlement (ILR) in the UK after 2 years (if the investment amount is minimum £10 million);
  • Apply for settlement (ILR) in the UK after 3 years (if the investment amount is minimum £5 million £)

Foreign persons suitable to apply for this visa type are those:

  • Who are ready to invest at least £2 million available funds in the UK
  • Who are 18 or older;
  • Who have an active bank account in the UK;
  • Sponsored students already in the UK

To apply for a Tier 1 Investor Visa one will have to pay £1,561 either if applying from out or within the UK.

Read UK Visa Application Forms to know which is the appropriate Visa Application Form to apply for a Tier 1 Investor Visa.

How to apply for Tier 1 Investor Visa?

A foreigner can apply for a Tier 1 Investor visa in three different ways: 

  • Initial visa application for Tier 1 Investor
    This application is done when the candidate is out of the UK and wants to enter the country. In such case, they need to apply for an Entry Clearance or visa to enter in Tier 1 Investor;
  • Visa application to switch into Tier 1 Investor
    This application is done when the candidate is within the UK with another temporary visa and wants to switch  into Tier 1 Investor from such a visa;
  • Visa application to extend a Tier 1 Investor
    This application is done when the candidate is within the UK with a Tier 1 Investor and wants to stay even longer (or beyond the existing visa period). The application to extend the stay in the UK, should be done right before the end of the existing visa period, not after the expiration of such visa.

 

General Visa Requirements for Tier 1 Investor

A candidate applying for a Tier 1 Investor Visa, either for an EC or LR, or ILR, must be able to meet the following General criteria: 

Enter into the UK in Tier 1 Investor Visa

Foreign persons who can apply for this sub-category of Tier 1 Investor Visa are those who want to come to the UK to invest their money.

As they get the EC as a Tier 1 Entrepreneur, they will anymore be lawful to enter and stop in the UK for a specific period.

Visa Requirements for an EC in Tier 1 Investor

A foreign person who is ready to apply for an EC as a Tier 1 Investor is one who has:

  • Fulfilled General Requirements of Application for a Tier 1 Entrepreneur Visa
  • 75 Points in Attributes;
  • The Unconditional Written Consent of the Sponsor
  • The needed Documents to confirm their freedom to spend minimum £2 Million Funds
  • The Criminal Record Certificate

Stay Temporarily in the UK in Tier 1 Investor

A person cannot continue to stay in the UK as a Tier 1 Investor with an EC for longer periods (more than 3 years and 4 months), if it does not get the LR later.

By holding a LR as a Tier 1 (Investor), a person can stay in the UK for a specific period, before qualifying for an ILR (settlement) or extending the existing visa.

Visa Requirements for LR in Tier 1 Investor

A foreign person who is ready to apply for an LR as a Tier 1 Investor is someone who has:

  • Fulfilled General Requirements to Apply
  • Entered the UK legally;
  • 75 Points in Attributes for Tier 1 Investor Migrant;
  • Has at the moment or before an EC or LR in any of these visa categories:
    • Highly Skilled Migrant
    • Tier 1 General
    • Tier 1 Entrepreneur
    • Tier 1 Investor
    • Tier 1 Post-Study Work
    • Tier 2
    • A sponsored Tier 4 General Student
    • Tier 4 Child Student
    • A visa holder as a future entrepreneur in UK, with no lawless history of doings in the UK
  • The Unconditional Written Consent of the Sponsor to the visa Application
  • Stayed in the UK only with a visa
    The candidate must not have any history of overstaying in the UK after visa expiring date. Except for the cases presented here.
  • Document to confirm freedom to spend minimum £2 Million Funds

How much you can stay in the UK with an EC and LR & Limitations

EC in a Tier 1 Investor Visa is given for three years and four months.

LR in a Tier 1 Investor Visa is given for two years, if the candidate held or holds a Tier 1 Investor Visa, and for three years in other situations.

Yet, a candidate must meet the following conditions:

  • Does not take public funds of any type
  • Is registered with the police
  • Does not get a job as a Doctor and Dentist in Training
    Except for situations:

    • When the candidate’s bachelor degree in medicine or dentistry is taken in the UK recognized educational institution or from an institution, that has the License, as a Sponsor for Tier 4 – (applies for both, EC and LR)
    • When the candidate previously held an EC or LR, which allowed them to be employed in such job positions. The candidate was employed as a result in one of these job positions, and they can bring the evidence (the Letter from Postgraduate Deanery or NHS Trust), to prove their work in a post or a training programme that is approved by the General Medical Council, or, the Joint Committee for Postgraduate Training in Dentistry – (applies only for LR)
  • Does not get a job as a Professional Sportsperson (including as a sports trainer);
  • Must meet the Condition to hold an Academic Technology Approval Scheme (ATAS) clearance certificate
    For candidates aged 18-over when given a visa, or, who will become 18 before the termination of the visa period
  • Tier 1 Investor visa will be cancelled in the following cases – applies only for LR
    • If the candidate did not within three months of the time invested in the UK, in the form of UK Government bonds, share capital or loan capital in active and trading UK registered companies:
      • At least £2 Million
        If the candidate earlier had a visa issued on or after 6 November 2014, or
      • At least £750,000
        If candidate earlier had a visa issued before 6 November 2014
        Exceptions from this rule make candidates who had two last visas taken in Tier 1 (Investor).
    • The time referred above means:
      • The date when the candidate entered the UK as a Tier 1 Investor EC holder (if the date can be known);
      • The date when the candidate was given a Tier 1 Investor EC (if the date of entrance cannot be known);
      • The date when the candidate was given a Tier 1 Investor LR (in other cases).
  • If the candidate does not have a minimum £2 Million, or, minimum £750,000 for the remaining period of visa

Stay Permanently in the UK in Tier 1 Investor

If a person lived in the UK for five continuous years in Tier 1 Investor Visa, they will normally be eligible to apply for Indefinite Leave to Remain (ILR) in the same visa category.

Yet, specific condition must be met, including that the time spent out of UK within this continuous period, should be maximum 180 days within 1 calendar year.

 Visa Requirements for an ILR in Tier 1 Investor

A foreign person who is ready to apply for an ILR as a Tier 1 Investor is one who has:

  • Fulfilled General Requirements to Apply
  • Entered into the UK legally;
  • 75 Points in Attributes for Tier 1 Investor;
  • The needed Understanding of English Language and Life in the UK;
  • Stayed in the UK only with a visa

The candidate must not have any history of overstaying in the UK after visa expiring date. Except for the cases presented here.

Extension of a Tier 1 Investor Visa

Tier 1 Investor Visa holders who want to stay in the UK; after their existing visa expires, they must apply to extend their existing visa, if they disqualify to apply for ILR (Settlement Permission).

The candidate can apply for extension in this category, from either inside or out of the UK, but only if it can prove that within a period of one year before applying for an extension, they held an EC or LR in Tier 1 Investor Visa, or, an Investor Visa.

Those candidates who meet the criteria to apply for a Tier 1 (Investor) Visa extension, yet, must be able to fit in one of the following two  generic categories:

  • Candidates who received for the first time either an EC or LR issued before 6 November 2014, but only if they are involved in the following situations:
    • Have at least £1 million available funds in their disposition to use – in the form of money;
    • Have at least £2 million funds available in their disposition to use – in the form of personal assets, counting any relating obligation;
    • Have at least £1 million available funds within the UK, in their disposition to use – in the form of credit that was issued by a UK regulated financial institution;
    • Have spent at least £750,000 of the available funds within the UK – in the form of UK Government bonds, share capital or loan capital in active and trading UK registered companies. In addition, they spent the other remaining part of the available funds (near £1 million) in buying business assets, or, they deposited them in a regulated financial institution in the UK.
  • Candidates who received for the first time either an EC or LR issued on or later than 6 November 2014, but only if they are involved in the following situations:
    • Have spent at least £2 million – in the form of Government bonds, share capital or loan capital in active and trading UK registered companies in the UK
      Only if such investment is carried as below:

      • In a period of three months after entering into the UK with EC in Tier 1 Investor Visa – if the date of entrance can be known (with an exception when candidate offers very convincing facts for postponing the investment);
      • In a period of three months after receiving an EC or LR in Tier 1 Investor (with an exception when candidate offers very convincing fact for postponing the investment) – if the date of issuance can be known;
      • Not earlier than one year earlier from getting the Initial EC or LR in Tier 1 Investor – if the investment was carried before receiving the visa

Note: Any postponement of investment in case the candidate has foreseen it, it was in their control, or, it was caused because of candidate’s inability to properly follow the timeline of the investment’s action plan is considered inexcusable.

Switch into Tier 1 Investor Visa

Foreign individuals, who now live in the UK with any of the following visas, are allowed to switch into a Tier 1 Investor:

  • Visa as a Highly Skilled Migrant;
  • Tier 1 (General);
  • Tier 1 (Entrepreneur);
  • Tier 1 (Post-Study Work);
  • Any Tier 2;
  • A sponsored Student of the following categories:
    • A foreign expert nurse, or midwife;
    • A postgrad doctor or dentist;
    • A student nurse;
    • Studying, preparing their thesis or undergoing an exam for the second time;
    • Tier 4 (General) Student visa holder;
    • Working student

Requirements to switch into Tier 1 Investor

  • Have a minimum of £2,000,000 ready for investment of their own, spouse, unmarried of same-sex partner (money should be kept in a regulated financial institution (in or out of the UK) and ready for use in the UK);
  • Be at least 18 years of age;
  • Have bank account in the UK;
  • The unconditional letter from the sponsor (either government or an international scholarship agency) – confirming that will ensure maintenance and study funds for the candidate;
  • Give the Biometric Information (fingerprints and a photo)

The longest one can stay with a Tier 1 (Investor) after switching is 3 years, before extending it.

Additional Clarifications for Tier 1 (Investor)

Documents to confirm sources of founding

The accepted sources of funding for this visa category are the following:

  • Gift
    Documents confirming that the money comes from a gift:

    • An Irrevocable Memorandum of Gift
      This document is issued to attest that the giver will not try to have it back the gift in the future, or
    • A Letter from a Legal Adviser
  • Sale
    Documents confirming that the money is from a sale deal:

    • Sale Deed – A document that tells the transfer of property rights from seller to buyer for a specific price, and
    • A Letter from a Legal Adviser
  • Business Papers
    Documents confirming that any specific business activity that led to the money you want to invest:

    • Business Financial Accounts, and
    • A Letter from a Legal Adviser
  • Testament
    Documents confirming that the money is from a will or testament:

    • Notarized will paper, and
    • A Letter from a Legal Adviser
  • Divorce Deal
    Documents confirming that the money is from a divorce reimbursement:

    • Notarized Copy of Terms of a Divorce Reimbursement
    • A Letter from a Legal Adviser
  • Financial Award or Winning
    Documents confirming that the money is from a financial prize or from winning a competition:

    • The official awarding letter issued by the awarding institution, and
    • A Letter from a Legal Adviser
  • Money from other Sources
    If the candidate has received money from other sources, then it should offer the needed confirming documents:

    • Documents issued by the source of the money included;
    • Other relating documents;
    • Supporting Legal Letter

Transferable and convertible funds

Funds to be invested by the candidate must be:

  • Freely Movable to The UK  – A document confirming that there is no restriction that can block relocation of the money to the UK from another country should be submitted (I.e. An official document issued by HM Treasury in the UK – if the candidate is a subject to any international financial sanction) – if the money is out of the UK when applying;
  • Convertible to Pounds Sterling from Other Currencies – If the money is not in Pounds Sterling, the candidate should convert them in the application form, on the application date by using the Oanda Online Converter.

Documents to confirm an open bank account

The candidate must open the bank account in the UK with the intention to use it for business operations of the business in the UK where they is about to invest not less than £2million.

An Original Official Letter of a Regulated UK Bank is the document to confirm an opening of a bank account (as aforementioned), but only if this letter has the following features:

  • It is opened at least three months before the application;
  • Has the name of the candidate;
  • Has its own account number;
  • The purpose of opening the account suits to visa requirements (as aforesaid) and as such is clearly declared in this letter;
  • The issuing bank is regulated by the financial conduct authority (FCA) and is dedicated in receiving deposits;

Documents to confirm joint-funding of partners in relationship

There should be proper evidences to be offered when applying for a visa, in case candidate’s money to be invested in the UK is shared with:

  • Husband,
  • Wife,
  • Civil partner, or,
  • Unmarried same-sex partner

Accepted documents for such evidence are the followings:

  • Original Marriage, or, Civil Partnership Certificate (if married or in Civil partnership) – including names and other personal information of both involved parties in the relationship;
  • List of Evidencing Documents of A Stable Relationship (if unmarried or in same-sex relationship) – the evidence must include all the following evidence for the last twoyears from the application:
  • Joint Bank Statement, or, Bank Confirmation Letter for a Joint Bank Account (when partners have the same account that both partners use and have access to) – The document must have both names and other personal information of both partners;
  • Joint Loan Agreement;
  • Joint Assets Documents – Documents confirming that partners share the existing assets, business, investment, land or so on;
  • Official Mails (such as electricity bill, gas, water, cable) – Documents that can convey the relation between partners;
  • Life Insurance of the Candidate’s Partner;
  • Children Birth Certificate -Documents that confirm that both partners are parents of the child (if relevant);
  • Joint Rent Agreement (for shared homes);
  • Any other relating frank evidence

A relationship is considered whichever of the aforementioned statuses that continues to exist the time the candidate submits the application.

Earlier relationships must have ended forever (for unmarried or same-sex relationships), while between same-sex partners should not be any close relation that prohibits them from marriage in the UK.

Documents to confirm the permission to use joint funds

When a candidate is sharing funds with another person they need to show that they have the right to invest such money.

  • The Gift of Beneficial Ownership Declaration
    Is the document needed to prove that the partner gives the other partner  the right take control of and spent joint-funds in the UK,  for the purpose as stated in visa application for Tier 1 Investor. The document must hold both partners names and other personal information, together with the amount of joint-funds in possession, as well as the date of the declaration and signature.

With such a document in hold, the candidate is free to use the money anytime, while the other partner is not without the candidate’s accord.

This document is not considered valid if not confirmed by the legal adviser.

Documents to confirm the access to the investment money

The candidate will need to offer documents that show that they have the needed investment fund for initial visa application and for extension in Tier 1 Investor.

A document for evidence in this situation is:

  • Portfolio Report, or, an Analysis of Investment (both issued by the UK Regulated Financial Institution)
    Portfolio Report must have the following elements:

    • Must include 90 consecutive days, ending not earlier than 1 months from application;
    • The investment in the UK must not be carried earlier than 1 year before the application;
    • A portfolio of investments issued by UK Regulated Financial Institution should be offered (in case the money is invested in the UK before now);
    • A portfolio of investments issued by UK Regulated Financial Institution should be offered (in case your money is out of the UK and a UK Regulated Financial Institution issued such document);

The document must also include: 

  • The date written;
  • Details of investment for 90 consecutive days earlier from application;
  • The amount of money invested;
  • Owner of the invested money – Including the name of candidate, name of partner if using joint funds;
  • Dates and periods of investment;
  • The registration as a UK Regulated Financial Institution;
  • The document proving the unrestricted transfer of money – If the money is out of the UK;
  • Investment Timeline – For investments made in the UK not earlier than one year from the application.

Documents to confirm that the candidate is the owner of business assets

When a candidate manages the investment on their own, or has hired a portfolio manager (not regulated by the UK regulated financial institution), they need to offer documents to confirm that they are the owner of business assets. Documents should include period within 90 consecutive days, which ends not more than one day from the application.

Evidencing documents can be any of some of the following:

  • Official Documents issued by an Accountant;
  • Certified Copies of Bond Documents – Revealing the present price of the bonds, the date of buying, and the owner;
  • Share Documents – Revealing the present price of the bonds, the date of buying, and the owner;
  • Updated Audited Annual Accounts of Business, or, Compilation Report issued by An Accountant – Revealing the amount of money invested, name of owner/s, time of investment, the recognized supervisory body (RSB) or equivalent abroad body;
  • Trust Fund Document issued by a Legal Adviser – Revealing the amount of money invested, the date when money will be accessible, owner/s of an investment, contact details of the legal adviser and at least one of the Trustees.

Documents to evidence immovable assets such as property or land are not accepted for the Initial Application.

Documents to confirm that there is no obstacle to transfer money to the UK from another country

In case the money to be invested is out of the UK when the candidate is applying, the candidate needs to confirm that they can move such money freely to the UK.

The document confirming money free mobility to the UK is:

  • An official letter issued by a regulated bank or other financial institution.
    This letter should have these elements included:

    • Name of the holder of money – Name of the candidate and of the partner as it is written in the passport
    • The official notepaper where the letter is printed must have information about the regulatory body of the bank;
    • Confirmation that the financial institution issuing the letter fully supports the content within the letter;
    • Confirmation that the money can be moved to the UK upon a successful visa application of the candidate;
    • The amount of money to be transferred to the UK

Conditions to invest the available money

When the candidate has the needed available funds for investment and they declares that is free to invest such money, they must be able to be in line these following conditions:

  • The money to be invested must be held in a regulated institution and free to be used by the candidate, and the candidate should be the owner of the bank account in the UK, which will be used for investing such amount of money in the UK;
  • Such funds should be either of the candidate or of the candidate and the husband, wife, or, of the unmarried or same-sex partner of the candidate. Besides, the investment of such money should not break any of the UK or International Law;
  • Investment  of the money that is offered by the third party, and the third party itself should, be of a benefit to the public good.

Points of attributions in Tier 1 Investor Visa

For a candidate applying for EC or LR in Tier 1 Investor Visa:

  • 75 points – are given if the candidate has a minimum of £2 million kept in a regulated financial institution and accessible within the UK, and has an open bank account in the UK to run it for investing such money in the UK;

For a candidate applying for EC or LR who received for the first time either an EC or LR issued on or later than 6 November 2014:

  • 75 points – if the candidate has spent minimum £2 million in the UK in the form of UK Government bonds, share capital or loan capital in active and trading UK registered companies, if such money is spent as in the following:
    • In a period of three  months after entering into the UK with EC in Tier 1 Investor Visa – If the date of entrance can be known (with an exception when candidate offers very convincing facts for postponing their investment);
    • In a period of three months after getting an EC or LR in Tier 1 Investor (with an exception when candidate offers very convincing fact for postponing their investment) – If the date of issuance can be known;
    • Not earlier than 1 year earlier from getting the first EC or LR in Tier 1 Investor – If the investment was carried before given the visa

In any aforementioned circumstance the investment in a business in UK should not have stopped, including the remaining visa period.

For a candidate applying for EC or LR has or had either an EC or LR, issued before 6 November 2014:

  • 30 Points – if the candidate:
    • Has a minimum £1 million of available funds in the UK – in the form of cash;
    • Has a minimum of £2 million funds available funds in the UK – in the form of personal assets, counting any relating obligation;
    • Has a minimum £1 million of available funds in the UK – in the form of credit that was issued by a UK regulated financial institution;
  • 30 Points – if the candidate:
    • Has invested a minimum of £750,000 of the available funds in the UK – in the form of UK Government bonds, share capital or loan capital in active and trading UK registered companies. In addition, the candidate spent the other remaining part of the available funds (near £1 million) in buying business assets, or they deposited them in a regulated financial institution in the UK.
  • 15 Additional Points – Only if such investments are made as below:
    • In a period of three months after entering into the UK with EC in Tier 1 Investor Visa – If the date of entrance can be known (with an exception when candidate offers very convincing facts for postponing their investment);
    • In a period of three months after getting an Entry Clearance or Leave to Remain in Tier 1 Investor (with an exception when candidate offers very convincing fact for postponing their investment)
    • Not earlier than one year from getting the Initial EC or LR in Tier 1 Investor –If the investment was carried before given the visa

For a candidate applying for an ILR whose first visa was issued on or after 6 November 2014:

  • 40 Points – if the candidate has invested their own available money £10 million, £5 million, or £2 million in the UK in the form of Government bonds, share capital or loan capital in active in and trading UK registered companies, within the aforementioned limitations;
  • 20 Points – if the candidate has spent continuous legal time in the UK with a Tier 1 Investor Visa with no more than 180 days of absence in the UK within a calendar year, where such time can be: 2, 3, up to 5 years;
  • 15 Points – If the candidate has invested the aforementioned money not before 1 year from the application for the first Tier 1 Investor Visa, and if the investment has not stopped within the continuous period (except for 3 first months);

For a candidate applying for ILR whose first visa was issued before 6 November 2014:

  • 20 Points – if the candidate has invested their own available funds:
    • Minimum £10 million in cash, or minimum £20 million in the form of assets and obligations, or minimum £10 million in the form of credit issued to them by a UK Regulated Financial Institution;
    • Minimum £5 million in cash, or minimum £10 million in the form of assets and obligations, or minimum £5 million in the form of credit issued to them by a UK Regulated Financial Institution;
    • Minimum £1 million in cash, or minimum £2 million in the form of assets and obligations, or £1 million (in the form of credit issued to them by a UK Regulated Financial Institution)
  • 20 Points – if the candidate has invested minimum 75% of the aforementioned available funds in the form of UK Government bonds, share capital or loan capital in active and trading UK registered companies, with the aforementioned limitations into consideration. In addition, the candidate must have invested the other remaining 25% funds in the UK in buying assets or they have deposited them in a UK Regulated Financial Institution;
  • 20 Points – If the candidate has spent the aforementioned continuous legal time (2, 3 or 5 years) in the UK with a Tier 1 Investor Visa, with no more than 180 days of absences in the UK within 1 calendar year;
  • 15 Points – If the candidate has invested the aforementioned money not before 1 year from the application for the first Tier 1 Investor Visa, and if the investment has not stopped within the continuous period (except for 3 first months);

Maintenance (money) in Tier 1 Investor

A candidate applying for a visa in this category is not required to offer such evidence.[/vc_column_text][/vc_column][/vc_row]