The Investor Visa has not been scrapped, but there have been some major changes to the way it can be acquired.
- The first difference is in the length of time you have to have £2,000,000 in your bank account: it has been increased from 90 days to two years. If the funds are there, but they have been in your account for less time, you must prove where the money came from. For those who have to open a bank account for this purpose, there will be more checks when you apply for the visa.
- The option for an applicant to purchase UK government bonds to qualify as an investor has been closed.
- The final change is that applicants must now provide details of financial middlemen that are involved in their business. Any such companies must fall under the regulation of the UK’s Financial Conduct Authority.
The Rules around what qualifies as an active company will be strengthened. The company must be registered in the UK at Companies House and registered for tax purposes with HM Revenue and Customs. The business must also have a UK bank account that shows regular trading activity and at least two employees based in the UK (not including directors)
Scarsdale Solicitors – Oldham and Rochdale
For expert advice on any issues about immigration, call Scarsdale Solicitors Oldham & Scarsdale Solicitors Rochdale. We are proud to serve our clients in Rochdale and Oldham. We combine expertise in legal matters with customer service that is of the highest standard. If you need of immigration solicitors Oldham or immigration solicitors Rochdale, please call us today on 0161 660 6050.
