The Tier 1 (Investor) category enables high net worth individuals, who decided invest at least \u00a32m, to live, work or study in the UK. This visa also leads to settlement. Currently, the \u00a32m funds can be invested in UK government bonds, share capital or loan capital in active and trading UK registered companies. The accelerated settlement option for the migrants allows them to apply for settlement after 2 years if they were to invest \u00a310 million and after only 3 years if they invested \u00a35 million in the UK.<\/p>\n
However, the Home Office has announced significant changes as of 29 March 2019.<\/p>\n
Source of funds<\/strong><\/p>\n Applicants must provide evidence that the \u00a32m funds have been under their control for 2 years, not only for the current 90 days. In the alternative, they will need to supply adequate supporting documents as to the source of their funds. For example, evidence that the funds were gifted to the applicant, a lottery win, a trust fund or sale of property.<\/p>\n UK bank account due diligence<\/strong><\/p>\n From 29 March 2019, migrants are required not only to have an FCA regulated UK bank account for the purpose of investing in the UK, but the bank will also need to confirm that the letter issued from the institution \u00a0has completed all the due diligence checks required by the regulator.<\/p>\n UK government bonds<\/strong><\/p>\n Another change for the Tier 1 (Investor) category is that the applicants will no longer be able to invest in the UK government bonds.<\/p>\n What is an active and trading UK company?<\/strong><\/p>\n From 29 March 2019, the definition of an active and trading UK company will be more strictly defined as:<\/p>\n