Tier 1 Visa Package For Investors and Entrepreneurs

By: PRLog
PR Log - Aug 02, 2012 - Kadmos Consultants, a leading firm of immigration lawyers in London, UK, offer a new package of services for entrepreneurs and investors wishing to apply for Tier 1 visa to the UK. The package covers legal support during the entire period of immigration, from initial application for entry clearance to ultimate grant of British citizenship in five or six years, depending on the chosen route for settlement in the UK.

With the general tendency of restricting influx of migrants to the UK and following severe changes to the immigration rules introduced in July this year, entrepreneur and investor categories remain the only two routes for settlement in less than five years.

Tier 1 entrepreneur visa is available to overseas businessmen who wish to set up a new business in the UK, or take over an existing business, and invest £200,000 into its veins.

Applicants are required to meet English language requirement at CEFR level C1 in reading, writing, speaking and understanding, unless they come from a majority English speaking country or hold a degree which meets or exceeds the equivalent level to UK Bachelor’s degree and was taught in English.

Tier 1 (Entrepreneur) visa is available for sole entrepreneurs as well as for entrepreneurial teams of up to two participants who have the required sum of money between them in equal or unequal shares. Each participant of the entrepreneurial team is entitled to bring with them their immediate family – spouse or unmarried partner and children.

Concessionary rate of £50,000 investment is available to those who are switching into this category within the UK from a Post-Study Work visa or Graduate Entrepreneur visa.  Applicants with PSW visa face an additional requirement in that they should be engaged in professional activity which is registered in the codes of practice for Tier 2 Sponsors as corresponding to National Qualifications Framework level 4 or above.

Tier 1 Entrepreneur visa allows settlement in the UK after five years of residence in this category.  This also applies for dependants of Tier 1 entrepreneurs. Accelerated settlement option is available for businessmen whose business generated income of at least £5 million in the first three years or created not less than 10 permanent jobs. Applicants for indefinite leave to remain have to meet good character requirement and have passed a Knowledge of Life in the UK test.

Tier 1 (Investor) category (http://www.kadmos.org.uk/investor_visa.html/) offers more flexibility than its counterpart for entrepreneurs, in that Tier 1 investors are allowed to take up employment outside their immediate business  and do not have to show evidence of knowledge of English.

Tier 1 investors have to demonstrate availability of £1 million for investment in the UK for a successful visa application in this category. The investment has to be made within three months of entering the UK.

Accelerated settlement option allows for applications for indefinite leave to remain after two or three years of residence depending on the level of investment.  Funds of £10 million open the door to settlement after two years of residence, funds of £5 million – for accelerated settlement after three years.

Both investors and entrepreneurs can be absent from the UK for up to six months in any 12 month period, unlike Tier 1 (General) migrants who are only permitted absences of 180 days in the five year period leading to an application for indefinite leave to remain.

Same as all others, investors and their dependants are subject to good character requirement and have to pass a Life in the UK test for a successful application for settlement.

Kadmos Consultants assist with both initial applications, applications for extension of stay and applications for settlement. Our package of services offers full legal support to ensure compliance with UKBA requirements and ongoing guidance in anticipation of the next application.  Our accountants will take care of any accountancy related issues and tested financial advisors will offer advice on various investment options.

For more information, visit our website at http://www.kadmos.org.uk and book an appointment with one of our lawyers.

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