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Immigration to UK as a Tier 1 Investor (1 Million Pounds)

What is the investor category?

The investor category is designed to allow high net worth individuals make a substantial financial investment in the United Kingdom.

Who can apply as an investor?

Unlike Home Office work permit scheme (replaced by sponsored workers (Tier 2), you do not need a job offer to apply under the investor category. When you apply you are awarded points based on your ability to invest £1,000,000 in the United Kingdom.

You can apply under the investor category now if you are:

  1. in the United Kingdom and want to make an initial application as an investor (known as switching);
  2. already in the United Kingdom as a tier 1 investor or as an investor under the former category, and want to extend your permission to stay within the tier 1 investor category;
  3. applying for permission to enter the United Kingdom (known as 'entry clearance') under the investor category.

Eligibility

What points you have to score to apply as an investor

To apply under our points-based system and be accepted into the investor category, you must pass a points-based assessment.
You must score 75 points for access to £1,000,000 that is disposable and in a financial institution, or £2,000,000 in personal assets and £1,000,000 in a loan, which are known as attributes.

How the points differ for first-time applications and extension applications

The requirements that you must meet in order to be awarded points differ depending on whether you are:

  1. applying to enter the investor category for the first time (initial applications) ; or
  2. applying to extend your existing permission to stay in this category (extension applications).

Who should apply?

What category of person should apply

You should apply if you are a not a national of the European Economic Area (EEA) or Switzerland and want to enter or stay in the United Kingdom under the investor category.

You should apply if you are:

  1. in the United Kingdom and want to make an initial application for the investor category; 
  2. already in the United Kingdom under the former investor category and want to extend your permission to stay within the tier 1 investor category; 
  3. already in the United Kingdom in the tier 1 investor category and want to extend your permission to stay in your existing category;
  4. applying from outside the United Kingdom for permission to enter (known as 'entry clearance') in the investor category.

Points assessment for initial applications

How many points you must score to apply

Points are awarded for the following categories, which are known as attributes:

  1. you have £1,000,000 of money that is disposable and in a regulated financial institution; or
  2. you have £2,000,000 in personal  assets and have £1,000,000 that is in a loan from an authorised financial institution.

You will need a total of at least 75 points to be able to apply.

The points available are:


Attributes

Points available

You have money of your own held in a regulated  financial institution and disposable in the United Kingdom amounting to no less than £1,000,000; or

75

You own personal assets which, taking into account any liabilities to which you are subject, have a value exceeding £2,000,000;
and
you have money under your control held in a regulated financial institution and disposable  in the United Kingdom amounting to no less than £1,000,000, which has been loaned to you by a financial institution regulated by the Financial Services Authority.

75

The table applies if you want:

  1. permission to enter the United Kingdom (known as 'entry clearance') in this category; and
  2. permission to stay (known as 'further leave to remain') in the United Kingdom in this category when your previous permission to stay was given under a category other than the tier 1 investor category or the former investor category.

Exemption from English language and maintenance requirements

You will not need to meet the separate English language requirement that applies to most other applicants under the points-based system. This is because, while you are allowed to work in the United Kingdom if you wish to, you should not need to work.

You will not need to meet the separate requirement for maintenance (funds) that applies to most other applicants under the points-based system. This is because you will have met the main requirements (attributes) for this category and shown your ability to support yourself in the United Kingdom without needing help from public money.

£1,000,000 in money that is disposable and in a regulated financial institution

You must show that you are able to make an investment of £1,000,000 or more in the United Kingdom. This money may be held overseas at the time of your application, or it may already be in the United Kingdom.

If the money is not held in pounds sterling, you must convert it into pounds sterling to show that you have the minimum investment required..

You may rely on money that you own jointly with your husband, wife, civil partner, unmarried or same-sex partner (known as partner). You may also rely on money that is owned solely by your partner. You must have unrestricted right to transfer and dispose of the money held jointly and solely by your partner and have permission from your partner to have control of this money in the United Kingdom.

The money must:

  1. be held in a regulated financial institution;
  2. be disposable in the United Kingdom; and
  3. amount to £1,000,000 or more.

£2,000,000 in personal assets and £1,000,000 that is in a loan from an authorised financial institution

An authorised financial institution is one that is regulated by the Financial Services Authority.

If you intend to borrow money from an authorised financial institution, and are pledging the investment as security, the level of

  • personal net worth is £2,000,000.
  • You may borrow all of your £1,000,000 investment money.
  • Assets held by your husband, wife, civil partner, or unmarried or same-sex partner (known as partner), either jointly or in your partner's own name, can be taken into account when assessing your net worth.

You may not mix personal money and borrowed money in order to meet the total £1,000,000 investment required to score 75 points.

Points assessment for extension applications

How many points you must score to apply

Points are awarded for the following categories, which are known as attributes:

  1. have £1,000,000 in the United Kingdom;
  2. invested £750,000;
  3. investment within three months of entering the tier 1 investor or previous investor category.

You will need a total of at least 75 points to be able to apply.

The points available are:


Attributes

Points available

You have money of your own held in a regulated  financial institution and disposable in the United Kingdom amounting to no less than £1,000,000;
or
You own personal assets which, taking into account any liabilities you have, have a value exceeding £2,000,000; and
you have money under your control held in a regulated financial institution and disposable  in the United Kingdom amounting to no less than £1,000,000, which has been loaned to you by a financial institution regulated by the Financial Services Authority.

30

You have invested not less than £750,000 of your capital in the United Kingdom by way of United Kingdom Government bonds, share capital or loan capital in active and trading United Kingdom registered companies other than those principally engaged in property investment.

30

The investment was made within three months of getting permission to enter in the tier 1 investor category  and the investment has been maintained for the whole of the remaining period of that leave; or
You have last been granted permission to enter or stay in the former investor category.

15

Have £1,000,000 in the United Kingdom

You will score 30 points if you can show that you have £1,000,000 or more in the United Kingdom. This should consist of money invested here and any further money needed to bring the total money to at least £1,000,000.

This is a requirement if you have:

  1. borrowed your investment money;
  2. used your own money; or
  3. used joint money for the initial application.

Invested £750,000

There are restrictions on the type of investment we will consider as part of the qualifying sum of £1,000,000. This is so that money is invested in ways that help to stimulate growth in the United Kingdom as directly as possible.

You will score 30 points if you can show you have invested not less than £750,000 of your capital in the United Kingdom in United

Kingdom Government bonds, share capital or loan capital in active and trading companies that are registered in the United Kingdom.

Investment in share or loan capital in active and trading companies that are registered in the United Kingdom can include

investment held in foreign currencies.

Investment within three months of entering

You will score 15 points if you can show that you invested at least the required £750,000 within three months of the date of getting approval to enter the category, or you were under the former investor category.

The date of approval is the date on the document that gave you approval to enter the category (this will be permission to enter or stay). It is not the date of travel to the United Kingdom. We will accept investments made from the 12 months before the date of approval.

Before awarding points, we will ensure that you made the full investment needed within 13 weeks of this date of approval.

The requirement to have made the investment within three months of the date of receiving permission to stay in the United Kingdom does not apply to you if your previous permission to stay was given under the former investor category.  However you must have made the investment before applying to extend your permission to stay.

You must also show that the minimum investment of £750,000 was maintained at that level throughout the period of your permission to stay (from the date that your investments were made). We do not intend to restrict investors to keeping the same investments that you made on entering this category, but you must keep the same level of investment. 

If the value of any investment in stocks or shareholdings is reduced by changes in share prices, it must be corrected by the next reporting period, so that the overall value of these investments has been maintained throughout your permission to stay.

Supporting evidence

Sending original documents

You must send the original document, not a copy.

Initial applications

Proof of £1,000,000 of your own money

You must prove you have £1,000,000 of your own money, with supporting evidence to show the following:

  1. money;
  2. source of money;
  3. money that can be transferred;
  4. joint funding.

Proof of 2,000,000 in assets and £1,000,000 of borrowed money

You must prove you have £2,000,000 in assets and £1,000,000 of borrowed money, with the following supporting evidence:

  1. letter from an authorised financial institution in the United Kingdom.

Applications by dependants

How dependants can come to the United Kingdom

If your application to the points-based system is successful, you are allowed to bring dependants (children under 18 years of age, or your husband, wife, civil partner, or unmarried or same-sex partner) with you to the United Kingdom, provided we grant them entry clearance or permission to stay (known as 'leave to remain').

Completing the dependant application form

If you have dependants who wish to join or remain with you in the United Kingdom, you or they should complete the separate dependant application form.

We encourage you to send dependant applications at the same time as the main application.

Settlement

How many years you must be in the United Kingdom before applying for settlement

You must complete a continuous period of five years in the United Kingdom before you can apply for settlement, and you must meet all the requirements of the immigration rules before you are eligible to apply.

If your full permission to stay was under the former investor category

Under the rules, to satisfy the five-year qualifying period for settlement under this category, as well as the general requirements, you must also show that you have maintained your investments throughout the five years, with the exception of the period before the investments were made.

The immigration rules are subject to change and you must meet the rules which are in place at the time that you apply for settlement.

If your permission to stay was as Tier 1 investor

Under the rules, to satisfy the five-year qualifying period for settlement under this category, as well as the general requirements you must also show that you have maintained your investments throughout the five years, with the exception of the first three months of this period.

How your dependants can apply for settlement

Partners of investors are eligible to apply for settlement at the same time as the investor, provided they have lived with their partners in the United Kingdom for a minimum of two years before applying for settlement.
Children of investors are eligible to apply for settlement at the same time as the investor, as long as the child meets the requirements of the immigration rules.

 

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