Are you dreaming of living and doing business in the UK?
The UK has long been a significant world power, both economically and politically. London is the financial capital of the world, offering an international business environment
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UK Residency
The Tier 1 Innovator visa is aimed at those who can demonstrate relevant experience in business. It requires an individual to set up or run an existing business in the UK. The applicant must be at least 18 years of age and have at least GBP 50,000 in investment funds if they want to set up a new business. They do not need funds if their business is already established and has been endorsed for an earlier visa. The funding can come from any source.
Before one applies, one needs to have one’s business or business idea assessed by a Home Office–approved endorsing body. They will assess the viability of the business or business idea and, if approved, provide an endorsement letter to submit with the application.
The immigration rules distinguish between applicants who apply under the ‘new business’ criteria and those who apply under the ‘same business’ criteria. Individuals who go to the UK for the first time will need to apply under the ‘new business’ requirement.
Successful innovators are granted leave for three years at a time and can bring their family members to the UK. After three years, innovators can apply to extend their stay for a further three years or to settle permanently in the UK under indefinite leave to remain (ILR). Each of these three stages (initial application, extension, settlement) requires endorsement from an endorsing body. To qualify for ILR under the Tier 1 Innovator visa category, applicants are required to meet certain criteria, detailed in the downloadable UK Innovator Program factsheet.
Route to UK residency:
The United Kingdom is a highly developed nation that exerts considerable international economic, political, scientific and cultural
influence. Located off the northwest corner of Europe, the country includes the island of Great Britain – which contains England, Scotland
and Wales – and the northern portion of the island of Ireland. The capital city, London, is the world’s leading international financial center
and remains as one of the top best cities to invest.
Since 2008, the UK government introduced its Tier 1 Investor Visa program and was recently updated to Tier 1 (Investor) of the Points Based System (PBS) – Policy Guidance TIER 1 visa (INVESTOR) Version 10/2019 and should be read with paragraphs 245E to 245EF of the UK Immigration Rules.
It was developed with the aim of powering the UK’s economy with foreign capital. Individual investors and their family members may obtain their residence permits and British citizenship by investment.
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