Many of the best immigration lawyers in the UK will be interested to see the latest figures relating to Tier 1 (investor) visas, which show that 96 such visas have been granted between January and April 2018. After 3 years where Investor Visas granted in Q1 have slumped, this represents a significant increase – although the number is still small compared to Q1 in 2014 when 213 Investor Visas were granted.
The clear majority – 40 - of the 96 Investor Visas granted in Q1 2018 have been in respect of applicants from China and the Special Administrative Regions, Hong Kong and Macau. 8 Indian nationals and 8 Russian nationals received Investor Visas in Q1, along with 5 Turkish nationals. Other countries featuring include Qatar, Egypt, Iran and Yemen.
It’s interesting to note the number of visas granted to Russian nationals – given the tightening up of the rules and the current Government’s interest in the source of funds available to Russian Tier 1 applicants we can perhaps expect a drop in Tier 1 (investor) visas granted to Russian nationals in Q2.
The Tier 1 (investor) route is open to individuals from outside the EEA and who wish to invest over £2 million in the UK. Applicants must also satisfy a number of eligibility requirements relating to age (you must be over 18), the ownership of the funds to be invested (it must be owned by you or your spouse or partner), and your ownership of a UK bank account. You must also provide a number of documents to evidence that you have met the eligibility requirements.
We have received a significant increase in numbers of Middle East, Dubai, Iranian and Indian Tier 1 Entrepreneur and investor clients, some with connections to the royal families in the region. The complexity of the immigration rules demands the expertise of a specialist Immigration lawyer to ensure that any application for an Investor Visa or Entrepreneur Visa has the best chance of success.
If you are looking for a Legal 500 Immigration solicitor to assist with your Tier 1 visa application, whether as an investor or an Entrepreneur, get in touch with OTS Solicitors. We have many years’ experience advising clients of all nationalities on all aspects of their visa applications and are proud of our high level of success and many 5* reviews received in respect of our services. If you would like to discuss your visa application with us, call us on 0203 959 9123 to arrange an appointment.
For the best expert legal advice and outcome on your UK immigration application, contact OTS immigration solicitors on 0203 959 9123 or contact us online.
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Posted on: Thursday, 24 May, 2018