An ideal alternative for experienced businesspersons and their families to relocate to the UK
What investment requirements are there?
- An investment of at least £50,000 should be made by the applicant into an innovative, viable, scalable and sustainable business
- 100% of the specified amount to be invested into the business
- The funds should be freely available for transfer to the UK when you application is approved.
- Approval from a recognised Endorsing Body
What are the general requirements?
- Applicant has opened a recognised UK bank account
- The required investment funds have been held by an accepted regulated financial institution for a minimum 3 months prior to application
- Applicant and any dependent must spend at least 50% of their time in the UK; making the UK the main place of residence
- Applicant must be at least 18 years old
- Applicants to provide a Certificate of No Criminal Conviction issued by HKP (or local police authority outside of HK)
- Must be tested for tuberculosis at an approved testing clinic
- Pass a English language tests at Level B2 CEFR / IELTS 4.0
General information
- The application will be submitted to the Visa Application Centre
- A successful applicant will receive an initial 3-year visa (LTE)
- An extension of the visa can be applied for within the UK for a further 3 years (FLR) as long as the applicant maintains the initial investment and has fulfilled the residency requirements - there is no limit on the number of extensions
- The applicant may be able to apply for Indefinite Leave to Remain (ILR) after 3 years permanent residence