The Tier 1 Investor Visa is the most suitable visa route for those who wish to settle in the UK by investing a certain amount. Unlike the other visa types, the application process for the Tier 1 Investor visa route is quite easy and direct.
The very first and most important requirement of the Tier 1 Investor visa application is to invest a minimum of 2,000,000 GBP in the UK.
We will briefly talk about the advantages and application requirements of this visa route, also known as the Investor visa. If you ever wonder “How do I get a UK Investor visa?”, you are in the right place!
UK Tier-1 Visa: What are the Advantages and Eligibility Requirements?
When applying for the Tier 1 Investor visa, you are not required to present or prove your knowledge of the English language and your educational or professional background. You are not even expected to indicate your business plans in the UK. However, those wishing to apply for this visa route must be over the age of 18 and invest at least £2m either in the registered UK companies or in the UK Government bonds.
The investment amount can be found in a bank in or outside the UK. In order to prove that the amount belongs to the applicant, you should prove that;
· The amount (minimum £2,000,000) has been in your or your spouse’s/partner’s bank account for 2 years without being reduced.
If you cannot meet these criteria, you must prove the source of your money by documenting the following situations.
· Gift from a relative;
· Deeds of a sale;
· Your company income;
· Will;
· Divorce settlement;
· An award or winning.
In the above cases, you must provide the relevant documents and prove that this money is under your control. You can contact us so that we can support you in your investment visa application process.
If your investment amount is in a bank outside the UK, you must also show that you have a UK bank account to prove you can transfer your money inside the country. Thus, if you do not have an UK bank account, you must open it before your application. In addition, the most critical issue at the application stage is that you can show documents indicating that the amount can be transferred to the UK without any problems such as blockage.
With the UK Tier 1 Investor visa, the visa period you can get in the first place is a maximum of 3 years and 4 months. At the end of this period, if you meet the criterion, you can apply to extend your visa. Depending on the amount you invest, you can apply for indefinite leave to remain, also known as the ILR. Individuals with an investment of £10 million or more can apply for permanent residency at the end of 2 years, those with an investment of £5M after 3 years, and those with an investment of £2M can apply for permanent residency at the end of 5 years. Once you have your permanent residence, you can apply for UK citizenship if you meet the relevant requirements. For detailed information, you can visit the Investment Visa or naturalisation page of our website.
Your family members can also apply for a dependent visa to live with you in the UK. Your family members can apply at the same time as you, or they can apply after you obtain your visa. In both applications, you must prove the relationship of your family members to you based on official documents. Both you and your family members have the right to study and work in the UK with the Tier 1 Investor visa.
We will briefly summarize the advantages of the UK Tier 1 visa:
· Chance to obtain a visa without presenting education and career history
· Opportunity to do the job you want in the UK
· 3-year visa period granted at the first stage
· The possibility of extending the visa and applying for permanent residence
· The possibility of obtaining an Indefinite Leave to Remain much easier and faster than other visa types
· Right to live, work and study in the UK
· Right to apply for UK citizenship
· Your family members can live with you in the UK
· Flexible visa conditions
The supporting documents that need to be submitted with the application may vary depending on the story of each case. As Visavis team, we act with the awareness that each application and applicant’s conditions may differ, and we guide our clients in a unique direction. If you have any questions regarding the Tier 1 UK Investor visa application process or any other UK visa, we will be happy to assist you!