The Citizenship by investment route in the UK is facilitated under the Tier 1 Investor visa route, which allows foreign citizens to get permission to live in the UK and obtain citizenship in return for an investment of £2 million in the British economy.
In order to qualify for a Tier 1 Investor visa, applicants must normally meet the below requirements.
The applicant is expected to provide evidence of source of funds, if investment funds are held for less than 2 years. The individual must invest for five years in the UK by way of UK share capital or loan capital in active and trading UK-registered companies (other than those principally engaged in property investment). Investment in government bonds and offshore companies is not permitted.The applicant is not required to show business experience or the ability to speak English.
The UK investor visa is normally granted for a period of 3 years and 4 months (if applying from overseas) or 3 years (if applying from within the UK). Applicants are expected to invest the £2 million in an actively trading UK company within 3 months of being granted a visa under the category and then actively maintain the investment. Individuals under this route will be able to extend the visa for a further 2 years and apply for settlement after 5 years or apply under an accelerated settlement route. The accelerated route to settlement allows the applicants to obtain settlement quicker either after 3 years (for investment of at least £5 million) or 2 years (for investment of at least £10 million). In all scenarios, British citizenship can normally be applied after 12 months of obtaining settlement in the UK.
Our Immigration lawyers at City Legal have immense experience in assisting entrepreneurs & investors in setting up and expanding their business in the UK. We also work closely with wealth managers, leading banks, Investment management and real estate companies to prepare and submit high quality visa applications for investors and their families. We are a multi award winning law firm and pride ourselves in being approachable, innovative and always going that extra mile to make sure our clients receive the individual attention they deserve. Our Immigration team maintains a high reputation and is committed to provide clear, transparent and reliable advice to our clients.