Designed for exceptionally – talented individuals, this visa category focuses on people who have made significant contributions in the field of science, arts, humanities, digital technology, film and television, medicine, fashion etc. with intension of permanently settling in UK and enriching to their economy with their exceptional skills.
This exceptional visa program is limited to only 2000 applications out which 200 claim are reserved for the tech industry. It is obligatory for the applicant to be an outsider of European Economic Area (EEA). Initially, this visa is granted with time limit for three years, but under certain circumstances it could be further extended for another two year and additionally, one can apply for an Indefinite Leave to Remain (ILR) after satisfying the eligibility criteria.
ILR paves pathway to lives peacefully as a Permanent Resident in UK. Thus, enabling the applicant to sponsor their family to come to the UK and additionally apply for the British Citizenship.
What are the basic requirements for the Tier 1 UK Investor Visa?
Cruise through the flourishing economy of the UK with an Exceptional Tier 1 investor Visa by fulfilling the UK government’s clause for requirements to qualify for the program. To qualify as a foreign applicant, you must however get an Entrance Clear (EC) to gain entry into the United Kingdom.
And to apply for an Entrance Clear (EC), the aspiring candidate has to meet the following criteria:
What is the Application process for UK Investor Visa?
For the successful sanctioning of a visa, the application process can be completed in 2 stages.
While most prospective applicants may apply for endorsement prior to applying for the visa, but you can apply of both at the same time. On the contrary however, if the endorsement is refused so will the visa application be.
What is the estimated Length of Stay and Indefinite Leave to Remain?
After getting the endorsement letter, you can apply for the visa 3 months before you travel. And once is the visa is issued, you can stay for:
The length of stay is however entirely dependent on you. All you have to do is pay for the healthcare surcharge till the time you’ve chosen to stay.
This visa category could further be extended for another 5 years, and additionally you can apply for settlement once you’ve been in the UK for 3 years (on an exceptional talent visa), or 5 years (on an exceptional promise visa).
What is the Processing Time?
Generally, the whole visa processing takes around 8 weeks (including application for endorsement letter) for getting a final verdict on your visa. And once the application is submitted you are expected to get a decision on your visa with 3 weeks’ time i.e. if you are applying from outside the UK.
Benefits of the UK Investor Visa
Limitations of the UK Investor Visa
What is the Fee structure for applying under the UK Investor Visa?
The fee structure for the UK Exceptional Tier 1 Talent visa is to be paid in two stages:
Apart from this you also have to pay £400 per year as health surcharge as part of your application, i.e. £2,000 if the visa is granted for 5-year visa. This can be paid along with your application, if you’re applying online. In case you are applying for visa by post, you should make this payment online before sending your application or before it reaches the immigration office of UK.