Ask the experts – is obtaining

Ask the experts – is obtaining Indefinite Leave to Remain (ILR) quicker on a Tier 1 Investor Visa?

The Tier 1 Entrepreneur and Investor categories offer additional benefits to immigrants under certain criteria, especially in terms of the qualification period for ILR as well as flexibility regarding settlement

Ask the experts – is obtaining

Question:

I have heard that one can obtain Indefinite Leave to Remain quicker than the normal five years on a Tier 1 visa. Is this true?

Answer:

Yes, the Tier 1 Entrepreneur and Investor categories do offer additional benefits under certain criteria.

Tier 1 Investors who have invested £5 million or more in the UK will be allowed to settle after 3 years, and those who have invested £10 million or more will be allowed to settle after 2 years already.

Major investors will also enjoy more flexibility regarding settlement, as they will be allowed to spend up to 180 days (rather than the standard 90 days) in any 12-month period outside the UK without this affecting their right to settle in the UK.

Tier 1 Entrepreneurs may be able to settle sooner should the applicant have managed to create 10 jobs (for example three job positions during the first year, three during the second and four during the third year) or have a turnover of £5 million in 3 years. They will also enjoy more flexibility regarding their settlement, as can spend up to 180 days each year outside the UK without affecting their right to settle in the UK.

For more information in your unique circumstances, please contact our offices.

www.bic-immigration.com or info@bic-immigration.com