For those who spend sufficient time living in the UK, the Tier 1 (Investor) route can lead to Indefinite Leave to Remain (“ILR”), also known as permanent residence or settlement.
How soon you may qualify for ILR will depend on the amount of money that you have invested into the UK economy following the grant of your initial Investor visa.
For those who have invested a minimum of £2 million in qualifying UK investments, you can apply for ILR after a minimum of 5 continuous years’ residence in the UK. For residence to be considered ‘continuous’, you must not have absences from the UK of more than 180 days in any 12-month period within the overall 5 years.
For those who have invested a minimum of £5 million in qualifying UK investments, you can apply for ILR after a minimum of 3 continuous years’ residence in the UK.
For those who have invested a minimum of £10 million in qualifying UK investments, you can apply for ILR after a minimum of 2 continuous years’ residence in the UK.
In situations where an individual has initially invested a minimum of £2 million in the UK and subsequently ‘tops-up’ their investment to either £5 or £10 million, the relevant 2 or 3year period to ILR will only start to run from the date that the investment increase has been executed.
After obtaining ILR, £5 and £10 million Investors may be eligible to apply for British citizenship after a minimum of 5 years’ residence in the UK and £2 million Investors after a minimum of 6 years.
How Gherson can assist
The Gherson Immigration Team has extensive experience Tier 1 (Investor) matters. Please do not hesitate to contact us for advice, send us an , or alternatively, follow us on Twitter, Facebook, or LinkedIn to stay-up-to-date.
The information in this blog is for general information purposes only and does not purport to be comprehensive or to provide legal advice. Whilst every effort is made to ensure the information and law is current as of the date of publication it should be stressed that, due to the passage of time, this does not necessarily reflect the present legal position. Gherson accepts no responsibility for loss which may arise from accessing or reliance on information contained in this blog. For formal advice on the current law please do not hesitate to contact Gherson. Legal advice is only provided pursuant to a written agreement, identified as such, and signed by the client and by or on behalf of Gherson.
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