The two most common categories for these types of visas are the Investor and the Entrepreneur groups.
There are certain visas which specifically enable the migration of high net worth individuals to the UK. Known generally as the Tier 1 classes - these visa provisions encourage foreign investment into the economy of the UK.
INVESTOR VISAS
In order to qualify for a Tier 1 Investor Visa, you will need to demonstrate:
- That you have access to £2 million (or equivalent) in funds or investments which are transferable to the UK. The source of the funds must be legitimate and traceable to you.
- The funds must be held in a regulated financial institution in the UK or any other country which allows for currency transfer to the UK.
- The relevant account that the funds are held must either be in your name or that of your partners.
If you are granted a visa in this category, you must be able to evidence the actual investment of £2 million in order to qualify for an extension.
Not all investments will be considered valid (property investment/management/development – for example). The initial visa will be granted for a period of 3 years and 4 months and can be extended for a further period of 2 years. After the initial extension, you may qualify for indefinite leave to remain in the UK.
If you require any further information in relation to this category or you would like to make an application for this visa, please do not hesitate to contact one of our lawyers. The first consultation is free of charge.
Call 0203 815 8440 to book an appointment.
This visa category is aimed at those individuals who wish to enter and reside in the UK for the purposes of business. It enables applicants to either create a new business or take over an existing one.
In order to qualify for a visa in this category, you will need to demonstrate that:
- You have a viable business proposition and you have the requisite skills, experience and ability to engage and undertake a profitable business in the UK.
- You have access to £200,000 in funds – either held by you or by a third party (which you have access to).
- You will need to meet an English language requirement.
- You must be able to demonstrate that you are able to maintain yourself in addition to any dependents during the period of establishment.
The initial visa will last for a period of 3 years. In order to qualify for an extension – you will need to demonstrate that a business has been established, is trading and is viable.
In addition to providing specialist legal advice and assistance for the collation and preparation of such applications – we are also able to offer supporting business plans and a financial analysis service to assist in proving the viability of the business.
If you are interested in obtaining further information about this visa category or would like to submit an application through this provision, please contact us for a free consultation on 0203 815 8440.
