UK Investor Visas are the UKBA’s attempt to ensure that international wealth that is in private hands, rather than corporate control comes to London and beyond.
For many, it remains a viable option so long as they have disposable funds and of course the ability to invest those funds over time. Here are 10 facts about Investor Visas that are less well known.
- How much do you need to show?
You can apply for a Tier 1 (Investor) visa if, you want to invest £2,000,000 or more in the UK, you’re from outside the European Economic Area (EEA) and Switzerl and you meet the other eligibility requirements.
You have to evidence disposable funds at either 1 million pounds, 5 million pounds or 10 million pounds.
You’ll need to provide evidence showing that you have the required investment funds. If you’re using your own money to invest, you should be able to show:
– how much money you have and where it’s being held
– where the money came from if you’ve had the money for less than 2 years, for example you inherited it from a relative
– that the money can be transferred to the UK and converted to sterling (if it’s not already in the UK)
2. How much do you need to invest?
Once you have the Uk Investor visa, you will be expected to invest 75% of those intital figures mentioned above for a period.
3. How long is the period of investment?
If you invest 75% of 1 million, then 5 years,
If you invest 75% of 5 million, then 3 years, and
If you invest 75% of 10 million, then 2 years.
4. Then what happens?
You obtain permanent residency, known in the UK as Indefinite Leave to Remain, or ‘ILR’. From this point, you will be free to live and work in the UK like any other citizen. Your family can stay with you and your children will have the right to education in the UK.
5. What can I invest the 75% in?
Under the Uk Investor Visa you can invest in
UK Government Bonds (Gilts)
UK Corporate Bonds
UK Private Companies
6. Where does the other 25% go?
You can leave this in cash, the unmortgaged part of a property, other UK based investment or in the above investment – all so long as they are in the UK.
7. When to I get a British passport?
You can obtain this one year afer permanent residency is granted, but no earlier than 6 years on the law as it stands.
8.What if the value of the investment goes down?
You would need to top it up at the end of the next reporting quarter.
9. Can i invest in property?
The Investor Visa does not allow investment into property, once you have invested the 75%, you can buy property on top at what ever value.
10. What next?
If you are interested in holding a United Kingdom investor visa, you can contact our team at Westkin associates and one of our expert lawyers will assist you with the next steps. We will help you with organising the e necessary documentation for your visa application, and can set you up with a wealth management firm who will help you to manage your finances in the UK.
If you would like to find out about the visa, please do not hesitate to get in touch with us by email or phone, or through the form at the top of our website. We look forward to hearing from you soon to discuss your investor visa.
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