This visa is for high-net worth individuals who wish to invest a minimum of £2m in the UK to travel freely to and live in the UK with their families.
This visa is granted initially for a period of three years and four months. It can then be extended for a further two years allowing you to hold this visa for a maximum of five years and four months. You can ultimately apply for Indefinite Leave to Remain.
Yes, you can bring certain family members known as “dependants” with you. These are your:
If your child is over the age of 18 at the time of applying and not already in the UK as your dependant, you may still be able to include them in the visa application but this will depend on the individual circumstances.
If you are already in the UK with your dependants and you switch to the Tier 1 Investor visa, they will be able to remain with you. Whether or not they need to apply for new visas will depend on the circumstances and it is recommended that you contact us to discuss this further.
Yes, dependants of a Tier 1 Investor visa holder are free to attend nursery, school and/or university in the UK.
Your Tier 1 Investor visa will allow you to travel in and out of the UK.
When applying for the visa initially, or when applying to extend the visa, there is no requirement to intend to live in the UK for a certain length of time or to make the UK your main residence.
However if your intention is to apply for ILR in the future you do need to comply with the maximum absence from the UK requirement (see below).
How long it will take to settle in the UK depends on the value of your investment into the UK. You can apply to settle after:
Further information about ILR and settlement can be found here.
All dependants of a Tier 1 Investor have to wait five years before they are eligible to apply for ILR.
There are other eligibility requirements for ILR which you should be mindful of. Please contact us to discuss these to ensure that you do not fall foul of these whilst holding your Tier 1 Investor visa.
If you wish to apply for ILR you must have had no more than 180 days’ absence from the UK during any rolling 12 month period during the applicable two, three or five year qualifying period. You are required to list your absences when applying for ILR and so you should retain a record of these.
Dependants of Tier 1 Investor visa holders who were granted their initial or extended visa on or after 11 January 2018 must also meet the above absence requirements for any period of leave granted after this date.
No, if you wish, you can withdraw your investment after obtaining ILR.
ILR can be revoked for a number of reasons, for example relating to criminal or immigration offences, but importantly, ILR will lapse if you spend more than two consecutive years outside of the UK. To ensure this does not happen, you should travel to the UK at least every two years if you are a non-UK resident.
Yes, if you invested £2m, you must have lived in the UK for five years and held ILR for one year (a total of six years) before you can apply for citizenship. This is also the case for dependants regardless of the total funds invested.
If you invested £5m or £10m, you are usually eligible to apply for citizenship after five years rather than six.
The absence requirements for British citizenship applications are more onerous than they are for ILR and so if you may want to apply for citizenship in the future, please contact us to ensure that you are aware of the requirements and can plan ahead.
Previous years have seen substantial changes to this visa route however no changes were made to this route as part of the new post-Brexit immigration system being launched in January 2021. We cannot rule out further changes to this visa in the future however.
To apply for the Tier 1 Investor visa:
No, the minimum investment in the UK is £2m. For applications made before 6 November 2014, individuals could invest £1m but this is no longer the case.
You have to have held the investment funds within your control for two consecutive years prior to applying for the visa. If you cannot meet this requirement, you can still apply for this visa if the funds come from a permitted source.
Permitted sources include:
Yes. Applicants may rely on investment funds that are:
For these purposes, a partner is a:
When relying on joint funds or funds held solely by your partner, you need to provide evidence that you have permission from the owner of the funds to transfer and dispose of the money without any restrictions. You also have to provide evidence that you are either married or have been living together in a relationship for at least two years.
Yes. On the date that you submit your Tier 1 Investor visa application, UKVI will convert the foreign currency into pounds sterling using the exchange rate on www.oanda.com to ensure it meets the minimum £2million investment requirement.
If you are making an initial application for a Tier 1 Investor visa you must invest in either:
For initial applications, you are no longer permitted to invest in UK government bonds however this remains permissible for some extension applications.
There are also many other investments which are not permitted and it is crucial that you invest the funds in a qualifying investment, otherwise your visa may be revoked and you will not qualify for ILR or a visa extension. We work closely with wealth managers and your advisors to ensure that you do not fall foul of the Immigration Rules.
No you are not permitted to invest in assets e.g. property, or in companies mainly engaged in property investment, property management or property development (e.g. buying and renovating property to earn a return on investment via sale or renting).
You are however permitted to invest in companies that are mainly involved in construction services.
At the time of making your visa application you have to have opened a bank account with a UK regulated bank for the purposes of investing not less than £2m in the UK and you must provide evidence of this as part of the application process.
As required we can assist you with this process.
Yes. You are not required to move your funds to the UK before making your visa application. The overseas financial institution holding your funds must meet UKVI’s requirements and you must be able to provide confirmation from the institution that the funds can be transferred to the UK freely.
There is no restriction on who can manage your funds once your initial investment in the UK has been made. If you wish, you can manage your funds yourself or engage a wealth manager.
In our experience, it is preferable to use a UK based wealth manager who is regulated by the Financial Conduct Authority and/or the Prudential Regulation Authority to manage your investment portfolio. This is because requirement to provide evidence of investment when it comes to extending your visa or applying for ILR is complicated and onerous and so it is preferable to use a wealth manager who is familiar with the Tier 1 Investor visa rules and regulations.
We are able to introduce you to a suitable wealth manager upon request.
No. There is no requirement to have a minimum level of English language proficiency to apply for the Tier 1 Investor visa.
The eligibility criteria applicable to extension applications will depend on:
For the specific requirements that are applicable to your visa and circumstances, please contact us.
You will be required to complete an online application form, upload copies of your supporting documents and then book and attend an in-person appointment to give your biometric details (fingerprints and photograph).
Yes. We can assist you with preparing and submitting one application for you and your dependant family.
The visa application fee is £1,623 per person.
You will also have to pay the Immigration Health Surcharge (see below) for the duration of your visa and pay a small fee to enrol your biometric information.
This is currently £624 per person, per year of your visa.
The supporting documents are specific to each applicant but generally the following documents are likely to apply:
|ID||Passport and current BRP (if you have one)|
|Evidence of investment funds||This will vary depending on matters such as:
- the source of the funds;
- whether the funds are held in your name, your partner's or jointly;
- how long the funds have been held for; and
- the current location of the funds.
We can provide specific advice on the documentation required for your personal circumstances and assist with preparing and obtaining the necessary documentation.
|Evidence of UK bank account||Letter from authorised official of UK regulated bank|
|Criminal record certificate||Criminal record certificate from any country (excluding the UK) you have lived in cumulatively or continuously for 12 months or more in the last 10 years whilst aged 18 or over|
|TB test||Clear TB test if you are from a country requiring a TB test|
Yes if any of the documents are not in English or Welsh. There are specific guidelines set by UK Visas and Immigration for the provision of translated documents, please contact us to discuss these.
If you are applying from outside the UK, your application should be dealt with within 3 weeks.
If you are applying from inside the UK, your application should be dealt with within 8 weeks.
You can, in certain circumstances, pay an additional fee to use a priority or premium service for a faster decision. Please contact us to discuss these options.
You can submit your Tier 1 Investor visa application from inside the UK if you meet the eligibility requirements and are present in the UK already with one of the following visas:
If you have any other visa type, you will need to leave the UK and make your application from overseas.
Yes, so long as you meet the eligibility criteria to apply for the Tier 1 Investor visa.
In addition, if you received financial sponsorship from a foreign government or an international scholarship agency, this third party must permit you to remain in the UK at the end of your student visa.
We provide a range of services to Tier 1 Investor visa applicants including assistance with their initial application, switching to this visa category and extending their visa. This includes:
Fee estimate (initial application and switching)*: £12,500 – £20,000
Fee estimate (extension applications)*: £10,000 – £15,000
*: Our fees are calculated based on the number of hours it will take us to carry out this work. The exact number of hours it will take depends on the circumstances in your case, such as:
Fees are excluding VAT at the rate of 20%. VAT may or may not be payable on the above fee estimate as this is dependent on the country in which you reside and you will be advised of this before work on your application commences. Disbursements are costs related to your matter that are payable to third parties, such as visa fees payable to the Home Office and document translation fees. These are not included in the above estimates.
Full details can be found in our comprehensive pricing document, which can be found here, or please contact one of our immigration specialists.
Given the fast pace of change, we would stress that this information is designed to be informative, not advisory and represents our understanding of English law and practice as at the date indicated. We would always recommend that you should seek specific guidance on any particular legal issue.
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