UK TIER 1 INVESTOR VISA
The Tier 1 (Investor Visa) visa has been specially designed for meeting the expectations of high net worth individuals who wish to relocate themselves and their family to the UK. Only limited visas are granted per year. It applies to the main applicant and all immediate family members, including spouse and children under the age of 18. Investor visa is granted for three years and four months and can then be extended for another two years, by providing solid evidence that an investment of £ 2 million was made in the UK. There is no requirement as such for the investor to demonstrate English language ability. Working, studying and doing business is permitted. The time required to qualify for Permanent Residence depends on the amount invested 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 can spend outside of the UK has been increased to 180 days per year.
UK Has set a few guidelines which are listed here:
Evidence of the funds to be invested
The object of the business
Description of employment created
A projected Balance Sheet,
The financial outlay
Assets
Stock
Profit and loss projection
Overheads for Establishment expenses Administrative expenses
Depreciation
UK has set rules for the process to be carried out. The following are the terms and conditions:
Minimum age of main applicant must be 18 years. At least two jobs must be created.
This visa category is for people wishing to come to the UK to start any type of business, but the applicants need to work full time in managing the business.
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