Tier 1 Visa Investors
There is little doubt the UK remains a popular destination for relocation due to its strong financial sector, good quality private education and robust housing market. The Tier 1 Investor Visa provides a means for high net worth individuals and their families to take up UK residency. As with all our clients, it is important to us that we help them negotiate legislative requirements and provide the best possible financial investment advice to meet their needs.
In order to apply for a UK Tier 1 Visa, investors will need to invest at least £1m in the UK economy in return for residency. Once their visa is granted, individuals are allowed to stay in the UK for an initial period of 3 years and 4 months with the opportunity to extend if they meet certain criteria. After 2 years, investors can apply to settle in the UK if they invest £10m; if they invest £5m, they can apply to settle after 3 years.
Although the process appears straightforward, the rules on how this money can be invested are very strict and investors will need to provide evidence showing that they have the required investment funds available. They will need to show where their funds are being held; where their money has come from (if they have had it for 3 months or less); and that the money can be transferred to the UK and converted to Sterling; all prior to the visa being granted.
Investments can only be made in UK government bonds, share capital or loan capital in active and trading UK registered companies. Regular monitoring is required to ensure that investment values do not fall below the relevant threshold; if this happens, it will threaten residency eligibility.
Bridge Investments Partners is able to offer advice and information on the UK Tier 1 Visa investment process. We will regularly monitor your portfolio, ensure that you put your money in investments that match your risk profile, and that the appropriate investment requirements, deadlines and performance criteria are met.
As stockbrokers and independent financial advisers that are not tied to any service providers, we have access to an unlimited range of products and services that will help you reach the financial targets that are intrinsically linked to your lifestyle goals. We don’t chase fads, we recommend a diversified mix of investments that have the potential to perform well over the long term, while helping to reduce risk.
Read our Guide for Tier 1 Investors and contact us to discuss in more detail how we can help.
We hope you find this guide useful. Contact us if you require further information, or if you have any suggestions on additional topics you would like us to cover.