Is one million Pounds now ‘too poor’ for the UK?

By 1st 4Immigration - #1 UK Immigration Experts -
For most people it is an unimaginable amount of money, yet the UK Government is changing the visa rules for Tier 1 (Investor) migrants. Those who are planning to secure a Tier 1 Investor visa would have to invest not one but two million Pounds!

Furthermore, the whole amount of GBP 2 million would have to be invested, not ¾ of it as now. Currently, the remaining ¼ can be used to buy a property in the UK or just kept on a savings account.

The new Rules will come in force on 6 November 2014, so if you are a millionaire looking to invest in the UK (with the view of eventually getting a British passport) then you may wish to hurry and apply by 5th November! If you are outside the UK, the date of application will be the date of payment when you’re submitting your online form, even if your appointment at a visa centre is after 6 November. If you are in the UK, with a visa which allows to switch to an Investor category, then the date of application would be the date of posting your documents to the Home Office.

From 6 November 2014 every Investor applicant will need to have 2 million British Pounds available to invest in the UK and once a visa has been granted, to invest the whole amount in the ways specified by the Immigration Rules. The specified ways are UK Government bonds or UK-based actively trading companies. And investment must be made within 3 months from entering the UK (or 3 months from the visa issue date if you applied inside the UK).  

For an individual advice or to make an application please contact us: info@1st4immigration.com or visit www.1st4immigration.com

If you are an Immigration Adviser or a Solicitor please visit our immigration Training and CPD website: www.1st4immigration.com/training

 




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