The Tier 1 (Investor) visa is designed for high net worth individuals who want to relocate themselves and their family to the UK. Only a few hundred of these visas are granted per year and very few immigration firms have a consistent track record in Investor visa applications. The Tier 1 – Investor visa program is designed for entrepreneurs who seek investment opportunities in the UK. The investor must intend to invest a sizeable amount of their wealth in the United Kingdom. The investment must be productive, be profitable to the UK economy, and facilitate financial growth of the state. It allows the applicant to conduct extensive market research to recognize the most profitable venture to invest in.
The Tier 1 – Investor visa may be extended and eventually lead to permanent residence and UK Nationality, given that all the relevant prerequisites are fulfilled. The Tier 1 (Investor) visa category applies to the main applicant and all immediate family members, including spouse and children under the age of 18. Initially, investor visa is granted for three years and four months and can then be extended for another two years, by providing evidence that an investment of at least £ 2 million was made in the UK. There is no requirement to demonstrate English language ability. Work, study and business activity is permitted. The length of time required to qualify for permanent residence depends on the amount of investment, as follows:
• Investment of £2 million – eligibility for indefinite leave to remain after 5 years in the UK
• Investment of £ 5 million – eligibility for indefinite leave to remain after 3 years in the UK
• Investment of £ 10 million – eligibility for indefinite leave to remain after 2 years in the UK
The number of days that the applicant is permitted to spend outside of the UK has been increased to 180 days per year. Applicants in the first category are eligible to apply for British citizenship after having spent 6 years in the country, while those in the second and third categories are eligible to apply after 5 years of residence in the UK.