Criteria
The criteria specifically provide that the client must show:
- That they have money of their own under their control in the UK -regulated bank amounting to no less than £ 1 million;
OR
- That they own personal asset which , taking into account any liabilities, have a value exceeding £2 million , and have money under their control in the UK amounting to no less than 1 million, which may include money loaned to them provided it was loaned by a financial institution regulated by the financial services authority.
The client must invest for 5 years no less than £750,000 of the capital in the UK by way of UK government bonds, share capital or loan capital in active and trading UK - registered companies other than those principally engaged in property investement in offshore companies is not permitted.
Besides the £750,000 that must be invested, the remainder of the funds (£250,000) may take the form of cash in a bank account in the UK, net equity in a property in the UK, or private investment in a UK company.
There are no additional qualifying requirements, so the client is not required to show business experience, ability to speak English or undergo any interviews or medical assessment. The client is also is permitted to gainfully employed under this visa.
The UK expects the investor to intend to make the UK their main home by spending more time in the UK than elsewhere. The investor is required to spend 50% of the time in the UK, unlike previously where they
were required to spend 75% of the time in the UK.
The client will initially obtain the Tier 1 visa for 40 months. Within 3 months of entry in the UK, The UK government will grant a 2-year extension of stay to the whole family if the client has
satisfied the requirements for leave to enter i.e. maintained the investement at excess of £1 million and adhered to the other general conditions for leave to enter.
Accelerated route to permanent residence by increased investment amounts
On April 6, 2011, the government announced new rules which provide the ability to achieve settlement (ILR which is permanent residence ) more quickly in the UK through an accelerated route. The new
requirement is an increased investment. An investment of £10 million or more will provide for settlement after 2 years , and an investment of £5 million or more will provide for settlement after 3 years, instead of the current 5 years.
Summary of Creterias
Grant of Citizenship
In order to qulify for citizenship, the family must satisfy the residence requirments i.e. not to have spent more than 450 days outside the UK in the previous 5 years; and not to have spent more than 90 days outside the UK in the year immediately preceding the application. (There is discretion to waive excess absences up to double the above subject to certain factors.)
A client must first achieve ILR, which is usually possible within 5 years, and then the applicant can apply for citizenship within 1 year, subject to meeting the criteria above.
Once citizenship within UK passport has been granted there is no restriction on the time must be spent in the UK.
This program may change or cancelled at any time.Please contact with us.
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