UK offers tier1 investor visas for HNW individuals for work or study against a minimum investment of GBP 2 million. The entry clearance is granted for maximum of 3 years and 4 months, which can be further extended for another two years with right to settlement and later citizenship.
- apply to settle after 2 years if you invest £10 million
- apply to settle after 3 years if you invest £5 million
- apply to settle after 5 years if you invest £2 million
According to the latest statistics released by Home office, a total of 137 applications have been approved for first quarter of 2019. The number of applications received for this scheme soared by 49% compared to the previous year. Five applications have been refused, bringing £274m investments through this scheme for just the quarter.
The visa approval rates for Q1 2019, remains 96%.
UK home office announced significant reforms for tier1 investor scheme with new rules came into effect from 29 March 2019
|2018 Q1||Tier 1 – Investors||104||101||96||95%||3||3%||2||0|
|2018 Q2||Tier 1 – Investors||79||94||92||98%||2||2%||0||0|
|2018 Q3||Tier 1 – Investors||107||101||96||95%||5||5%||0||0|
|2018 Q4||Tier 1 – Investors||107||100||92||92%||7||7%||1||0|
|2019 Q1||Tier 1 – Investors||154||137||131||96%||5||4%||1||0|
Applicants are required to open a bank account in the UK and required to pass money laundering checks done by banks.