The Tier 1 Investor Visa in the United Kingdom will see an increase in the investment threshold from £1 Million to £2 Million, from the 6th November 2014.
Changes to the Tier 1 Investor Visa
On 16th October 2014, the UK Visa service announced changes, which includes the increase of the current £1 million minimum investment level, being raised to £2 million. This change will occur on the 6th November, so new applicants after that date will be affected, applicants before that date will not be affected.
As you are aware, we are leading Investor Visa experts and can advise on the current position for Tier 1 Investor Visa applicants and intended applicants.
I am thinking of applying for this visa, but have not engaged Residency Invest, what can I do now?
Residency Invest are offering an exclusive service for those who are trying to apply for an investor visa before the changes. We are offering, for a fixed fee, to ensure that your application is considered by the UK Visa authority or your professional fee to us is returned back to you. This no win no fee, we hope reduces your risk in applying. When you contact us, we will analyse your circumstances and will devise an action plan for you which meets the 6th November 2014 deadline. If you then agree to the plan and can obtain the documents we ask for by the time we set, we will ensure the applications are done and meet the deadline or your professional fee returned.
Call our offices for more details.
I have already commenced my Investor Visa application with Residency Invest, what now?
We will be in touch, but we must complete your matter and make your application before 6thNovember 2014, if you are applying whilst you are in the country, this is the date we post your application, and if applying from outside the country, this is the date we pay for your application, usually online. Your terms and conditions remain the same.
What are the other changes that come in on 6thNovember 2014?
- Applicant’s used to be able to invest 75% of their funds into active investment and keep 25% in cash or residential property. A change is being made to require the whole amount to be invested, without any provision for the 25% to be kept separately.
- A point of flexibility introduced – is that the current requirement that the migrant’s investment must be “topped up” if its value drops has now gone. It has been replaced with a simple requirement that you invest the whole amount first and no need to top up if your investment goes down in value.
- Loans are also now gone as an option
- The Home Office, whether someone applies for the investor visa inside or outside the UK, can now refuse a person if they feel the application contains a risk that:
1) the applicant is not in control of the funds that are available for investment;
2) the investment monies were obtained in an unlawful manner, unlawful including events that are not unlawful in the country where they occurred but would be unlawful if they happened in the UK;
3) the character, conduct or associations of a party providing the funds mean that approving the application is not conducive to the public good. Ie, someone of bad character;
Whatever your situation, we can help, call our offices, or email us for more guidance.