Friday, December 24, 2021

How much do I need to invest in obtaining a PR in the UK?

 The UK's Tier 1 Investor Program permits foreign investors and highly talented individuals to come to the UK by making some substantial investments in the country's economy. The UK investor visa, also known as Tier 1 visa, is the fastest and the safest option to get permanent residency status in the UK within ten weeks. The prospective investor must invest at least £2 00,000 in the British corporate bonds, share capital, or loan capital to qualify.



It's an ideal pathway for investors with free capital and a desire to secure British citizenship.

Key benefits of UK Tier 1 investor visa:

The UK Tier 1 visa comes with several benefits, including:

·        Work, live, study, or carry out business activities in the UK

·        Apply for ILR after two years after investing £10 million

·        Apply for ILR after three years if you invest £5 million

·        Apply for ILR after five years if you invest £2 million

 

What can you not do?

 

·        You are not allowed to direct investment in companies dealing in property investment.

·        Invest in companies outside the UK

·        Receive public funds

 

Successful applicants can live in the UK for three years and four months. Once the validity expires, you may apply for an extension for two years. After five years, you may apply for an Indefinite Leave to Remain, and after one year, you become eligible for British citizenship. The Tier 1 Investor visa allows you to move to UK permanently.

 

Who is eligible for the Tier 1 investor visa?

To apply for the Tier 1 visa, you must:

·        Be 18 years or above

·        Be from outside the European Economic Area & Switzerland

·        Be able to invest at least £2 00,000 or more in either UK corporate bonds, share capital, or loan capital.

·        Prove that the investment funds belong to you/your spouse.

·        Have a bank account in the UK

·        Have sufficient funds to finance yourself in the UK.

 

Documents you need to apply for the Tier 1 visa

 

·        Copy of current passport and other valid documents

·        Documents related to marriage, divorce, and adoption

·        Recent passport-sized photos

·        Copy of Tuberculosis report

·        A criminal record certificate for any county you have lived for over six months.

·        Evidence of required investment and source of funds.

There are endless reasons to apply for a UK business visa and secure residency in one of the world's most powerful economies. The tier 1 visa unlocks the door of promising opportunities to foreign entrepreneurs planning to reside and ultimately gain citizenship in Britain. Don't hesitate to contact us today for free counseling to know the process and learn more about the UK entrepreneur visa.

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