UK education for family?
Relocating to UK?
ASEAN Bridge UK works closely with one of the UK’s leading immigration consultancies and also financial advisors on behalf of qualifying clients providing the opportunity for economic migration intothe UK for investors, entrepreneurs and their immediate family. Certain criteria have to be fulfilled and this will include a financial deposit into a UK Border Agency approved bond and or an element of UK property investment via the “Tier 1(Investor category)Visa” which is for high net worth individuals making
a substantial financial investment in the United Kingdom.
The requirements for initial entry into the UK under this category are that:
The applicant has money of his own, under his control, held in a regulated financial institution and disposable in the United Kingdom amounting to no less than £1 million; or
A) the applicant owns personal assets which, taking into account any liabilities to which they are subject, havea value exceeding £2 million; and
B) The applicant has money under his control held in a regulated financial institution and disposable in the United Kingdom amounting to no less than £1million, which has been loaned to him by a UK regulated financial institution.
Please note that under the Tier 1 (Investor) category the funds must not be invested in companies mainly engaged in property investment, property management or property development. This requirement prevents investment in companies whose main function is to own or manage land or buildings. It does not prevent investment in, for example, construction firms, manufacturers or retailers who own their own premises.
When using property to make up part of the £1 million investment, only the unmortgaged portion of the applicant’s own home can be considered, up to a value of £250,000. This valuation must have been provided on a report issued by a surveyor who is a member of the Royal Institution of Chartered Surveyors (RICS).
The initial visa would be granted for 3 years after which, as long as it can be shown that the requirements of this visa category have been fulfilled an extension for a further 2 years would be granted which could lead to obtaining Indefinite Leave to Remain status.
With each application the UKBA require very specific documents as evidence for meeting these requirements. This is one way our clients benefit from our services as we would be able assess the viability of each case and then advise on all the necessary documents needed and make the application in full - we really do offer a fully comprehensive service! For further details please contact ASEAN Bridge UK.