High net worth individuals abl

High net worth individuals able to settle quicker in the UK

If you are a high net worth individual looking to settle in the UK, the Tier 1 Investor route might be the best option

High net worth individuals abl

One of the most popular immigration routes worldwide for high net worth individuals is the Tier 1 Investor route. This immigration route was designed by the UK Government especially for investors who want to settle in the United Kingdom. Although this very advantageous immigration route is unfortunately not within the grasp of most, there are those fortunate enough to qualify.

This immigration category has many advantages for the successful applicant.

There is no English language requirement, as it is not expected that the investor would need to work whilst in the UK. Though, the visa does allow the investor to work, within certain restrictions.

There is no additional maintenance requirement, as required in many other immigration routes, as the invested amount should be suffice for the investor to not have to rely on public funds.

The investor enjoys good flexibility in terms of settlement, as he/she can be outside the UK for 180 days in any 12 month period, without it affecting the settlement eligibility.

Major investors are able to qualify quicker for Indefinite Leave to Remain (ILR), and if an investor has invested money of their own under their control in the UK amounting to at least £10 million, they can apply for ILR after only two years. Those who have invested money under their control amounting to at least £5 million can qualify for ILR after three years. (Strict rules in this regard apply.)

Please note that there are different rules in place for those who applied to enter this route prior to 6 November 2014.
In order to qualify the applicant have to be 18 years or older, and you will have to have money of your own, under your control, held in a regulated financial institution and disposable in the UK, amounting to no less than £2 million.

Furthermore, you will have to have opened an account with a UK regulated bank for the purposes of investing no less than £2 million in the UK. You will also be allowed to use money owned either jointly or solely by your spouse/civil partner/unmarried or same sex partner, but you must have an unrestricted right to transfer and dispose of the money, as well as permission from your partner to have control of the money in the UK. Please contact your BIC consultant for more advice in this regard, as strict rules apply.

Spouses/civil partners/unmarried partners or same-sex partners and dependent children under the age of 18 will be able to join the main applicant in the UK.

If you are fortunate enough to qualify for this very favourable immigration route, or would like to find out more, please do not hesitate to contact your BIC consultant today.

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

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