Continuing the Investment Voyage
Tier 1 Investor Visa Extension Guide
The Tier 1 Investor Visa is a testament to the UK's appeal as a global financial hub. For those who've embarked on this investment journey, ensuring continuity via a visa extension is paramount. With Resolve Solicitors by your side, this pivotal transition becomes streamlined, allowing you to focus on your investment interests and future in the UK.
This visa route is tailored for high-net-worth individuals outside the EEA and Switzerland, willing to make significant investments in the UK. Initially granted for a 3-year and 4-month period, an extension is often the next logical progression.
For a successful extension:
A minimum of £2 million must have been invested in the UK in government bonds, share capital, or loan capital in active UK companies.
The investment should have been made within 3 months of the investor’s arrival in the UK or the date of the initial visa approval.
The full investment amount should have been maintained throughout the initial visa duration.
- Age Requirement: You and your partner must both be at least 18 years old.
- Genuine Relationship: You must be in a genuine and subsisting relationship with your British or settled partner.
- English Language: You may be required to prove your English language proficiency depending on your nationality.
- Financial Requirement: Your partner in the UK must meet the minimum income requirement, and you may also need to meet specific financial criteria.
- Accommodation: You must have suitable accommodation in the UK for both you and any dependents.
- Intention to Marry: You should intend to marry your partner within six months of arriving in the UK.
Key documents include:
- Evidence of the investment portfolio and that the funds were invested as required.
- Bank statements confirming the investment amount.
- Confirmation that the investment was sustained throughout the visa period.
Upon approval, the Tier 1 Investor Visa extension is typically granted for an additional 2 years.
After 5 years on the Tier 1 Investor Visa (or 2-3 years with higher investments), one can apply for Indefinite Leave to Remain (ILR).
Navigating the Financial Landscape with Precision
The extension process, while pivotal for the investor, comes with its complexities. Resolve Solicitors, with its blend of financial acumen and legal expertise, ensures that every step is strategically managed for a successful extension.
The Fiancé Visa process in the UK can be complex, and it’s essential to ensure that you meet all eligibility requirements and submit a well-prepared application. Seek professional advice if you have any doubts or need assistance navigating the process. With careful planning and attention to detail, you can successfully reunite with your partner in the United Kingdom and start your life together as a married couple.
FAQ's
It's recommended to apply before your current visa expires, ideally a few months prior, to ensure a smooth transition.
Yes, dependents (spouse, partner, children under 18) who were on the initial visa can apply for an extension alongside the main applicant.
While there aren't strict residency requirements, prolonged absences might affect future ILR applications.
The decision is usually made within 8 weeks from the application date, but this can vary based on specific circumstances.
While diversification is possible, ensure that the total investment amount meets the visa requirements at all times.
You can potentially challenge the decision via an administrative review or reapply after addressing the refusal reasons.
A successful extension keeps you on track for ILR, which subsequently opens the pathway to British citizenship.
Significant changes in the investment portfolio, not maintaining the required investment amount, or discrepancies in documentation could impact the application.
Our unparalleled expertise in the investment visa landscape, coupled with personalized guidance, ensures your extension process is in adept hands.
Connect with us for a detailed consultation. We'll assess your investment track record, provide actionable insights, and spearhead the extension process.