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Everything you need to know about citizenship and residence programs around the globe.
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On 29 March 2019, new changes have been made in the Investor visa category. They include:
Imperial & Legal will guide you through the visa application process and investing of the required amount to get permanent residence and later apply for British passport. We also assist with opening an investment account which is mandatory for this visa.
Investors can bring all their immediate family members, including spouse and children. They are permitted, but not obliged, to work, get education and do business in the UK. Other benefits include:
You must invest a minimum of £2,000,000 in a UK registered business for no more than five years. Investment of £5m or £10m entitles an investor to settle in 3 or 2 years correspondingly. You don’t need to prove your knowledge of English till you apply to settle.
£2,000,000 requirement can be satisfied in two ways; either by demonstrating the source of funds or that the money has been held in your bank account for two years. Apart from the proof of funds the applicant must meet the following requirements:
New requirements have been introduced for financial institutions opening investment accounts. They will now have to conduct due diligence and KYC procedures on all investors and state that in their letters.
First visa is issued for 3 years and 4 months.
An applicant must prove that at least £2,000,000 were invested within 3 months after your first entry in the UK (‘investor start date’), and no money has been withdrawn from the account for the duration of your visa.
New regulations don’t require you to maintain the same level of investments, i.e. if the market value of the shares drops down, nothing is expected of you.
Apart from that, you need to prove that you first arrived in the country within 3 months after your visa was issued, and all adults were registered with the police.
Investor visa is extended for 2 years.
Investors can apply for settlement (or Indefinite Leave to Remain, ILR) after they have spent in the UK continuously 2, 3 or 5 years, depending on the investment:
To apply for ILR, you must prove that:
You and your family can apply to be naturalised or registered as British citizens in 12 months after ILR is granted and 5 years after first entry under Investor visa, provided everybody meets all the eligibility criteria:
You can use the VIP service to extend investor visa or apply for ILR. In this case the Home Office will come to you to take your fingerprints and photograph. However, in order to speed up the process, you need to request a super priority service and the decision will be made within 5 working days.
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