The United Kingdom is a preferred destination for investment and settlement for individuals from across the globe owing to the high standard of living, security and investor friendly environment. United Kingdom is also home to the headquarters of numerous multinational companies and has a highly developed banking system.
Keeping in mind the requirements of the Investors and the High Net worth Individuals, the United Kingdom has started a new Visa Regime called the ‘Tier 1 Investment Visa’ which ultimately enables the holder to obtain Permanent Residence in the United Kingdom for an indefinite duration.
The main criteria for obtaining a Tier 1 Investment Visa is the applicant holding a minimum of GBP 2 million under his control in a UK Bank ready to be invested in approved investments including Government Bonds, UK Registered Companies (except investments in property) for a minimum of 5 years.
The investor is expected to spend a large amount of time, i.e. around six months in the United Kingdom and he is initially provided at visa for 40 months. The visa can be extended if the condition of maintaining the investment of GBP 2 million is fulfilled.
The Government has also provided an option for obtaining an expedited Permanent residence by an ILR (Indefinite Leave to Remain) Permit in the United Kingdom. The Permit can be obtained by an increased investment as follows:
- An investment of GBP 10 million enables the investor to obtain the permit after 2 years of settlement.
- An investment of GBP 5 million enables the investor to obtain the permit after a period of 3 years of settlement.
Under normal circumstances the permit can only be obtained after 5 years of settlement. There are also other conditions and requirements for the Permanent Residency permits for the dependents and family members.
Empire with its team of experts can assist you with the nuances of the program and customise your application for a permanent residence permit.
Note: This is not intended to be migration advice and detailed information is available on the UK Visas and Immigration website (https://www.gov.uk/government/organisations/uk-visas-and-immigration).
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.