This blog post gives information to people who are looking to apply for the investor visa. It gives an overview of what the investor visa is and what you need to invest in to qualify for it.
What is the investor visa?
The investor visa is designed for individuals with high financial wealth who want to make a substantial investment in the UK in order to qualify for residency. To qualify for this visa, applicants must have access to at least £2,000,000 investment funds from a legitimate source, and be able to invest these funds in the UK within three months of their arrival.
There are some other requirements, for example, you must be able to prove that the money belongs to either you or your partner, and you must have opened a UK regulated bank account to use for your funds. Your funds must be disposable and free to spend within the UK.
Which investments qualify for the investor visa?
In theory, an investment will usually meet the requirements of the visa if it is made into a business which is UK registered and fits the below qualifying factors. It is important to ensure that investments do fit all of the criteria, because applicants could risk having their application denied if requirements are not met. The qualifying factors are:
- investments must be made into a UK registered company which is “active and trading”. This means that your investment must be made into a company which is in action and operating within the UK. The company must be able to prove through a business bank account that they are regularly trading their goods or services.
- The company which you invest in must be registered with HMRC and be paying corporation tax, and must be registered with Companies House as an operating business.
- You must make your investment into a company which has a registered office in the UK, with at least two employees who are not directors.
In what instances would your investment not be counted?
If your investment does not follow all of the requirements of the visa or goes against some of the guidelines, you may risk it being rejected. Some reasons your investor visa application may be rejected include:
- Investments will not qualify for the investor visa if they are made into an offshore company.
- All funds must be your own, so investments can not be based on leveraged investment funds, ISA’s or premium bonds.
- Funds can not be invested into open-ended companies as in these instances, it is difficult for the applicant to prove that the investment is in the UK.
- An important point to consider is that investor visa holders cannot invest in companies engaged in property investment, property management or property development. Investments will not qualify if they are used to increase the value of the property with the aim of making a profit through either rent or sale.
Why choose Westkin for your investor visa?
If you are applying for the investor visa, our lawyers can help you through the process by ensuring you have the correct paperwork to show that your funds are legitimate, and put you in touch with wealth management firms who we work with, to help you to manage your account and investments throughout the course of your visa.
We work with many external wealth management firms who are experienced in working with tier 1 investor portfolios, who can help to manage your investments through the visa. The wealth management firm can also help you to open an investment bank account for your finances.
With many qualifying factors for your investment, our team can help you through the process.
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