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UK Tier 1 Investor Visa

In order to give a push to its national economy, the UK has opened up new options for the immigrants to come into the country. One of them is the UK investor visa. According to the recent changes brought in by the UK authorities, the holders of the Investor visa in the UK would be able to travel outside the country for much longer durations as compared earlier. These changes have been made to serve as benefits for the immigrants opting for this kind of visa. If you wish to apply for this kind of visa, here are a few things that you must keep in your mind –

  • You must hold a sum of not less than £1 million in any of the duly regulated financial institutions. This amount should be legally disposable in the United Kingdom.
  • This Investor visa doesn’t put any maintenance requirements on the applicant
  • Also, in a deviation from the usual visa rules, this visa doesn’t require any mandatory English proficiency
  • The general rules for the refusal of the visa by the authorities, as applicable to the other kinds of visa, are applicable to this Investor visa too
  •  This visa is initially granted for a period of 3 years and 4 months and can be extended for a
  • period of 2 years on the condition that the applicant has fulfilled all the pre-requisites as stated by the authorities

The time period you would be required to spend in the UK before settling down in the country depends upon the amount of investment made by the applicant of the UK Tier 1 investor visa.

  • If you intend to invest a sum of £1 million, you would be allowed to settle in the United Kingdom post a period of 5 years
  • If your initial investment in the UK is of the order of 5 million pounds, you can settle in the United Kingdom after a period of 3 years
  • In order to have the freedom to settle in the United Kingdom post a period of 2 years, your initial investment must be a minimum of 10 million pounds

Additionally, one-fourth of your total investment can be comprised of the approved assets. In every 12 months or one year, you are allowed to be outside the United Kingdom for a maximum of 180 days. Until very recently, this limit was set at 90 days in a year. The applicant is also free to bring along his or her spouse and dependent children to the United Kingdom on this visa.

The following are some of the other eligibility clauses attached with the UK investor visa –

  1. The applicant must be over 18 years of age to be eligible for this visa
  2. The money that you wish to invest in the UK must belong to either you or your husband, wife or your unmarried partner
  3. You must have a functional bank account in the United Kingdom