21.11.2019 Tier 1 Investor Visa – Immigration rules continue to change

21.11.2019 Tier 1 Investor Visa – Immigration rules continue to change

Holders of the Tier 1 (Investor) visa should be aware that significant and ongoing changes to Immigration Rules might mean that they need to take action to increase or change their investments in order to extend their visas.

Following the changes to the Immigration Rules made by the Home Office on 29 March 2019, Tier 1 (Investor) visa holders who obtained leave under the rules in place prior to 6 November 2014 may apply to extend their leave by 6 April 2020 or apply for ILR by 6 April 2022 at the latest. Otherwise, they will be required to increase the level of their investments to £2 million.

In addition, those granted leave under the rules in place after 29 March 2019 can only invest by way of share or loan capital in active and trading UK registered companies.

By contrast, Investor migrants who had been granted leave under the rules in place prior to March 2019 were able to invest in government bonds. They may apply for an extension by 6, by April 2023, or for ILR by 6 April 2025relying on investments in government bonds. If these deadlines are not met, the Investor migrant will be required to transfer their investment into the qualifying investments mentioned above.

The above requirements on investments are complex. Therefore, it is recommended for Tier 1 (Investor) visa holders who may be affected by the above immigration changes to seek legal advice.

Svetlova LLP has extensive experience in all aspects of UK immigration regulations relating to Tier 1 visa applications. Please do not hesitate to contact us on +44 20 7129 1296or email alina@svetlovallp.com.

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