If you want to move to the UK and become an Investor then you must conform to the UK immigration Law and apply for a Tier 1 Investor visa. You will need a large amount of money to invest in the United Kingdom and you must stay in the UK permanently. You will also need an entry clearance in British Embassies in your country of origin. Applicants, however, should not run any existing business in the UK but they can have their own business and they cannot seek employment within the UK soil as the UK Immigration law mandates. Before the applicant can be admitted to the UK, an entry clearance is an absolute requirement. But before you can pack your bags and transfer your assets, you must consider the following rules:
In order to be eligible as an investor, the applicant must prove that:
- The applicant must have a large fund amounting to one million British pounds ready for disposal
- The applicant has a net worth of two million pounds. If the applicant chose to loan, then he or she must do so but in Financial Services Authority approved loan establishments
- The applicant is willing to invest at least 750,000 pounds in the United Kingdom using UK bonds, capital shares or loan investments from UK government approved firms.
- The applicants must stay in the United Kingdom for the rest of his life
- The applicants will also demonstrate financial capability for self support or any dependants without public funds option and will not seek employment elsewhere.
- The applicant must have an entry clearance before setting foot on the UK soil.
Furthermore, the applicant must show that he or she can dispose or transfer money if she wishes to except for the joint accounts by the spouse and the applicant and there shall be no one who is in control of the transfer and disposal of the money but the applicant. The money must be transferable and exchangeable to British pounds and must show evidence that the money is freely transferable by procuring a letter from the bank stating that it is so. American, Australian, Euros and other currencies convertible to British sterling will qualify to this category.
The investment should not exceed below one million pounds or equivalent. Any asset such as real property that has not been mortgaged shall be included but must not amount to 250,000 pounds in property and asset. Personal property such as jewelleries, furniture or other properties that are insured even if they are worth millions cannot be accounted as asset requirement.
The Tier 1 Investor visa is granted with a grace period of three years. The applicant can apply for further extension for up to two years to the Home office. If the duration of stay accumulates to five years of stay, you will be qualified to apply for indefinite leave to remain indefinitely but you have to be at par with the UK Immigration Law for Tier 1 Investor Visa.
Visit your trusted solicitor now at www.ukimmigrationlawsolicitors.co.uk for more information.
This is an immigration information resource with information about UK immigration matters. If you require immigration advice from an immigration solicitor, contact www.immigrationlawsolicitors.co.uk [http://www.immigrationlawsolicitors.co.uk] for an initial consultation. An immigration solicitor can assist you with tier 1, 2, 3, 4, 5 applications and immigration appeals.
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