Tier 1 Investor Visa UK for high net worth individuals

tier-1-investor-visaThe Tier 1 Investor visa is for high net worth individuals for making a substantial financial investment in the United Kingdom.

Requirements for Tier 1 Investor Visa Initial Applications

Under the Tier 1 (Investor) requirements, an applicant must score at least 75 points for attributes (Appendix A of the Immigration Rules). Moreover, in order to qualify for an initial grant of leave as a Tier 1 Investor migrant an applicant must have control of money amounting to not less than £2 million, which is held in a regulated financial institution and is disposable in the UK. Moreover, the applicant must have opened an account with a UK regulated bank for the purposes of investing not less than £2million in the UK.

No English Language Requirement for Tier 1 Investor Visa

The Tier 1 investor applicant doesn’t need to show any English language ability. The reason for exemption is that the high network individuals usually don’t have any pressing need to work. Certainly, the Tier 1 investor migrants, can work in the UK, if they wish to do so.

No Requirement of Maintenance Funds for Cost of Living in the UK

The Tier 1 investor applicants don’t need to show any funds for maintenance for themselves. And also for their dependant family members i.e. spouse and children under 18.  The reason for the exemption is the access to investment funds, which Tier 1 investor migrants can utilize to support themselves and their dependants without any recourse to public funds.

A Student with a Financial Sponsorship Can Apply Tier 1 Investor

Students with financial sponsorship are able to apply for a Tier 1 (Investor) visa if they are already in the UK and are a Tier 4 (General) visa holder, student nurse, studying, writing up a thesis or re-sitting an exam, a postgraduate doctor/dentist, an overseas qualified nurse/midwife, a student sabbatical officer.

The student needs to have an unconditional agreement in writing from their financial sponsor to either re-enter or stay in the UK if their course fees and living costs are paid by either a government or an international scholarship agency.

Tier 1 Investor Extension Statistics: Main Applicants

During 2008-17, a total of 3,990 extensions and leave to remain decisions made under Tier 1 Investor route relating to the Main Applicants. And also, 3,814 extensions granted and 176 main applicants refused under the Tier 1 Investor. Moreover, 10 years average Tier 2 extension refusal rate is 4.41%.

Tier 1 Investor Extension Grants and Refusal Rate Main Applicants 2008-17

Year Decisions Grants Rejections Refusal Rate
2008 57 55 2 3.51%
2009 149 145 4 2.68%
2010 147 144 3 2.04%
2011 151 146 5 3.31%
2012 315 303 12 3.81%
2013 402 395 7 1.74%
2014 614 601 13 2.12%
2015 544 489 55 10.11%
2016 638 596 42 6.58%
2017 973 940 33 3.39%
Total 3,990 3,814 176 4.41%

Dependants: Tier 1 Investor Extension Statistics 2008-17

During 2008-17, a total of 5,499 extensions and leave to remain decisions made under Tier 1 Investor route relating to the Dependants Applicants i.e. spouse/civil partner and children under 18 years of age. And also, 5,316 extensions granted and 183 main applicants refused under the Tier 1 Investor. Moreover, 10 years average Tier 2 extension refusal rate is 3.33%.

Tier 1 Investor Dependants Extension Grants and Refusal Rate 2008-17

Year Decisions Grants Rejections Refusal Rate
2008 72 68 4 5.56%
2009 206 199 7 3.40%
2010 176 167 9 5.11%
2011 155 141 14 9.03%
2012 378 364 14 3.70%
2013 414 404 10 2.42%
2014 595 574 21 3.53%
2015 970 922 48 4.95%
2016 1,069 1,040 29 2.71%
2017 1,464 1,437 27 1.84%
Total 5,499 5,316 183 3.33%

READ BLOG POSTS UK VISA & APPEAL SERVICES
UK VISA ENQUIRY PROCEDURE CONTACT IMMIGRATION SOLICITORS

Relates post on HS Tier 1 immigration: Tier 1 Visa Statistics, Tier 1 Entrepreneur, Tier 1 Entrepreneur Extension, Tier 1 Exceptional Talent, Genuine Entrepreneur Test, Tier 1 Entrepreneur Team, Tier 1 Entrepreneur Maintenance Funds, Criminal Record Certificate and Tier 1 Entrepreneur Maintenance Funds

Perhaps, to know more about UK Visa and Immigration please refer: UK Priority Visa ServiceUK Settlement Visa Processing TimeUK Tourist Visa Processing Time After BiometricsUK Visa Delay ReasonsUK Visa Reapply or AppealUK Immigration Appeal Waiting Time and UK Visa Appeal Solicitors