Tier 1 Investor Visa Extension
Is your UK Investor Visa about to expire and would you like to renew it? Make sure you don’t stay longer than your visa allows, or you could break immigration rules.
Talk to one of our expert immigration lawyers about how we can help you get an extension on your Investor Visa.
For immediate help with your problem, call us at 02033844389. Contact us by phone, chat, or email anytime; we’re happy to assist you.
Steps for Tier 1 Investor Visa Extension
To get an extension on your Investor Visa, you need to fill out an application and show that you meet the requirements.
If you get an Investor Visa (also called a Tier 1 Investor Visa) to come to the UK, it will be good for three years and four months at first. You may be able to get an extra two years if you meet the requirements.
Unfortunately, recent changes to the process for renewing the Investor Visa have made it harder than ever to get another one.
Getting your investor visa extended can be a difficult process that requires a lot of documents to show why you should be granted the new visa.
If you don’t give enough information to show that you meet the requirements, your application may be turned down.
Our top-notch immigration lawyers have worked with well-off individuals who want to invest in the UK many times before. One of our immigration lawyers can help you figure out what kinds of investments you can make and whether you are eligible for an Investor Visa extension.
To back up your application, your lawyer will also write a Letter of Representation describing the strengths of your case. With our UK Immigration Solicitors, it’s easy to get an extension on an Investor Visa.
We also have immigration lawyers in London, Manchester, and Birmingham. You can call them or use the office finder to find the location closest to you. We are excited to help you with your case.
You can talk to one of our professional advisors right now by calling 02033844389.
Who is Eligible for Tier 1 Investor Visa Extension?
Since the rules for the Investor Visa have changed, the date someone was first given the visa determines whether they can apply for an extension.
Visa given before November 6, 2014
If you got your visa before this date, you can extend it if you meet these requirements:
- Make sure you have at least £1 million in the UK.
- Put at least £750,000 (or 75% of the total value) into bonds issued by the UK government, shares issued by UK corporations, or loan capital from UK companies
- Invested within three months of starting.
Visas issued on or after November 6, 2014
Prior to this deadline, applicants must provide the following:
- Make sure you have at least £2 million in the UK.
- Can show proof that they put the money into qualified UK businesses through loan or share capital investments
- Placed the investment within three months of arriving in the UK (barring exceptional circumstances)
- If you need to bring someone with you on your visa, you should apply for their visa extensions at the same time.
Our experienced UK immigration Solicitors can help you with your immigration process.
Tier 1 Investor Visa Extension Documents Checklist
There are a lot of papers you need to show that you are eligible to renew your Investor Visa.
You have to send in the following documents:
- Proof of your investment that has been approved by the Financial Conduct Authority (FCA) or the Prudential Regulatory Authority (PRA). This proof should include the following:
- Investment’s worth
- The dates when the investments were made
- Where the investments will go
- Investing was done in your name or the name of your partner.
- Name of the certifying financial company and how to reach them
- The portfolio’s certification date
- Proof that the business does not have any loans owed on it
- Confirmation that the efforts meet the route’s needs
- These are the organization’s most recent approved or unaudited annual accounts, which show:
- How much money you have invested
- Your name and/or the name of your partner
- Your investment’s date
- To prove the date you entered the UK, you should show any of the following:
- British passport bearing the visa stamp
- Ticket and boarding pass for a flight
- Proof of when you entered the UK
Our experienced UK immigration Solicitors can help you with your immigration process.
What are the Requirements for a Tier 1 Investor Visa Extension?
To get the visa renewal, you have to show that you made the investment within three months of the start date of your investor visa and that you have control of the funds.
Minimum amount of funds you control
You need to prove that you have control over your money in the UK.
If you got your visa before November 6, 2014, you should be ready to show proof of the following:
- Within the UK, you have control over £1 million.
- Either you or your partner owns the money.
- That you have at least £2 million in personal assets and that the money was lent to you by a UK-regulated bank.
Please keep in mind that you can’t mix the two kinds of money.
If you got the visa on or after November 6, 2014, you have to show that you spent the whole amount, which is £2 million of your own or your partner’s money.
Required start date for investors
You need to show a lot of proof to demonstrate how and when you spent your money.
You need to show several investment portfolio reports from a financial company regulated in the UK.
These papers must demonstrate:
- If you got your visa before November 6, 2014, you put at least £750,000 into UK government bonds or a UK business within three months of your start date.
- If your visa was approved after November 6, 2014, you put all £2 million into the business.
- This level of investment stayed the same during the whole time of your visa.
The date you first came to the UK on this visa is your “investor start date.”
In other cases, it could mean the date that your application or move application was accepted.
Our experienced UK immigration Solicitors can help you with your immigration process.
With an Investor Visa, can I stay in the UK for a long time?
With an Investor Visa, you can move to the UK and live there permanently. Some people may be able to apply for indefinite leave to remain (ILR) after two or three years, while others will have to wait five years.
You cannot count any time you spent in the UK on a different visa towards your time spent there as a resident of ILR.
The date your first application was approved is when your qualifying period starts. You have up to 28 days before the qualifying period ends to ask for a settlement.
You have to meet the requirements for indefinite leave to stay, which are:
Visas granted prior to November 6, 2013.
If you got your visa before this date, the old rules will still apply if you want to renew it.
You need to show UK Visas and Immigration that you meet these requirements:
- Have at least £1 million in cash on hand in the UK.
- Have put at least 75% of your money into UK-based businesses, UK government bonds, or loan capital for companies that are already open and trading.
- Moreover, have kept the investment up for the whole visa time
- Have put at least £10 million into the account every two years, £% million every three years, or £1 million every five years.
- Do not miss any qualifying days during the qualifying time period
- Make sure you can speak and write English well (at least B2 level) and pass the Life in the UK test (if needed).
- Your payment request needs to be sent by April 5, 2022.
Visas issued Between November 6, 2014–March 28, 2019.Â
If your visa was granted on or around this date, you must meet the following requirements for your application for indefinite leave to remain:
- There is at least £2 million in your own name in the UK.
- You have put your money into UK government bonds, share capital, or loan capital in UK-registered businesses that are already open for business.
- You have kept the same amount of money invested throughout the visa.
- Spending two years straight, where you put £10 million, three years straight, where you put £5 million, or five years straight, where you put £1 million
- You haven’t had any breaks that count during the deadline.
- You can speak and write English well enough and pass the Life in the UK test if one is given.
Visas given out on or after March 29, 2019
You can apply for indefinite leave to stay with a visa issued after this date. The rules are the same as for visas issued between November 6, 2014, and March 28, 2019.
The main difference is that the money is not put into UK government bonds.
It’s possible to become a British citizen if you have indefinite leave to stay for a year.Â
Our experienced UK immigration Solicitors can help you with your immigration process.
How long does it take to apply for an extension?
The decision on your application to extend your Investor Visa will usually be made within eight weeks of when you send it in.
It’s possible that you can use a fast service. The process will only take five business days in this case.
Ten business days after you get the letter telling you that your application was accepted, your biometric residence pass will be sent to you.
If UK Visas and Immigration need more information about your application, it may take longer to process.
Sometimes, you may have to go to an interview, which will also make the application process take longer.
Our experienced UK immigration Solicitors can help you with your immigration process.
How much will it cost to extend the Investor Visa?
- It will cost you £1,884 to extend this visa.Â
- Surcharge for immigration health care: (usually £624 a year)
- Fee for biometric information: £19.20
- You can pay £500 for the priority decision service if you want to hear about your decision more quickly.
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Keep in mind that this service is completely optional and not mandatory.
Table Of Contents
- Steps for Tier 1 Investor Visa Extension
- Who is Eligible for Tier 1 Investor Visa Extension?
- Tier 1 Investor Visa Extension Documents Checklist
- What are the Requirements for a Tier 1 Investor Visa Extension?
- With an Investor Visa, can I stay in the UK for a long time?
- How long does it take to apply for an extension?
- How much will it cost to extend the Investor Visa?
- Frequently Asked Questions (FAQ's)
Our experienced UK immigration Solicitors can help you with your immigration process.
Frequently Asked Questions (FAQ's)
Most of the time, a child needs a visa in order to live in the UK. For instance, if their parent is a foreign national working or studying in the country, the child may need a Child Dependant Visa.
Those who were given an Investor Visa before November 6, 2014, can renew it if they meet the following conditions:
- You have at least £1 million in quick-access funds.
- Your investment of at least £750,000 is in UK company loan capital, government bonds, or share capital.
- Moreover, you made this investment within three months of your ‘investor start date’.
You can extend your Investor Visa if you met the following conditions and were given it on or after November 6th:
- You can get your hands on at least £2 million in cash.
- Your money is in UK government bonds, share capital, or loan capital in UK companies.
- That was less than three months after your “investor start date.”
You must apply for an extension of your visa before the current one expires in order to be granted.
This is crucial. If your visa runs out you don’t renew it, and you don’t have another valid UK visa, the Home Office will think you have overstayed your visa.
This could get you sent back to your home country, warned, or detained by UK Immigration Authorities.
Our team of very skilled immigration lawyers can make sure you have everything you need to apply for an extension on your Investor Visa.
We know that you need a quick and reliable service because you need to move quickly before your current visa runs out.
We will see if you are eligible for an extension on your Tier 1 Investor Visa and help you through the whole application process. These are our services:
- Make sure you have the right paperwork before you apply;
- Putting together a personal letter of recommendation to support your application;
- Taking care of calls to the Home Office as needed;
- Ensure that your history of investments is good enough for the home office;
- Following the best practices for filling out the right forms for your application.
- Your chances of being approved for an Investor Visa extension will be highest if you work with UK Immigration Solicitors.
Call us at 02033844389 or fill out our online form to get detailed advice on the Investor Visa from a trained immigration lawyer right away.
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