It has been a very busy and successful few months on the Investor Visa front at OTS Solicitors. In March 2019, the Home Office released new guidance on applications for UK Tier 1 (investor) Visas. The top London immigration solicitors studied the Home Office Investor Visa guidance rapidly as some investor client applications for Investor Visas were awaiting approval from the Home Office and others were awaiting submission.
The Investor Visa
rule changes have certainly caused some confusion for high net worth individuals and their families looking to settle in the UK. After all, it was only in December 2018 that the government announced that it would be scrapping the Investor Visa
route to settlement in the UK. Within days, that announcement was overturned but there were promises of wide sweeping reforms to the Investor Visa
application criteria and due diligence requirements.
Fast forward to March 2019, and with the announced new Investor Visa
scheme rules, the best London immigration solicitors
were pleasantly surprised that whilst the new Investor Visa
rules are cumbersome and complex, they do still offer a good route to early settlement in the UK. The Immigration
team at OTS Solicitors would like to think that their participation in an extensive survey on the proposed changes to the Investor Visa
, and the impact of the planned Immigration
Rule changes on investors and the UK economy, might have played some small part in the Home Office decisions on changes to the Investor Visa
How can OTS Solicitors help?
London based OTS Solicitors specialise in securing all types of business visas and have a streamlined Investor Visa
process for high net worth individuals or their families who want to quickly and discreetly secure an Investor Visa
The leading law directory, The Legal 500, ranks OTS Solicitors for business immigration
services. In addition, OTS Solicitors have Law Society accredited solicitors’ status as trusted specialists in Immigration law
OTS Solicitors Investor Visa success stories
When top London immigration solicitors
are consulted about Investor Visa
applications, it is always thought that an Investor Visa
application will involve a lot of time, hassle and paperwork production by either the individual applicant or his team of accountants, financial advisors or personal assistants. However, that does not have to be the case.
Here are two recent case examples of Investor Visa
applications submitted by solicitor, Hans Sok Appadu to the Home Office
Case study 1 – the student investor
A student was studying at a London university. The student knew that he wanted to continue his studies and get his degree qualification and that ultimately his life plan was to settle in the UK.
The student was already finding Home Office immigration rules
and restrictions on what he could or could not do under a UK student visa
irksome. He could foresee years of applications to renew Student Visas
and then yet more visa applications to eventually secure settlement in the UK. Initially the thought of applying for an Investor Visa
had not occurred to him; after all, he was a student not an investor
After the best London immigration solicitors
mooted the idea of an Investor Visa
application, the student was initially a bit dubious. His first thoughts were that making an application for an Investor Visa
would involve a lot of paperwork and hassle that he did not want when he was trying to focus on his degree studies. However, after all the visa options had been considered, and the potential years of visa applications and Home Office restrictions, the student concluded that the short term hassle of applying for an Investor Visa
under the pre March 2019 rules was worth the effort for the long term benefits.
With £2 million of investment monies available, and the necessary provenance checks carried out, the student elected to use the Home Office super premium service. That meant a Home Office official attended OTS Solicitors offices in London to carry out the necessary biometric tests and to check the investment paperwork and trail of documents. Within the afternoon, solicitor Hans Sok Appadu had a happy and relieved student who was the proud owner of an Investor Visa
The student’s story will not end there. In order to secure settlement in the UK he will have to comply with the Home Office Investor Visa
rules and regulations on what the investment funds can be invested in. With the help of a Financial Conduct Authority, approved financial advisor to guide him on appropriate Home Office approved investments; the student can now passively or actively play a role in his Investor Visa
investments and not face the irksome restrictions of a student visa
Case study 2 – two-year investment history or proof of source of funds
This was the case with one investor
client. He wanted to secure an Investor Visa
so that he and his family could settle in the UK. Speed was important because the family did not want to start enrolling their children at UK public schools until they were assured that the family would pass the new Investor Visa
criteria and due diligence checks.
• Disclose the source of the investment funds where the funds have been held for less than two years prior to the date of the visa application (an increase from the previous 90 days rule), ¬or the applicant has to be able to demonstrate that the investment funds have been held by him or her for two years or more; and
• Get a UK bank or FCA approved institution to confirm that they have carried out due diligence checks and “Know Your Customer” enquiries prior to the applicant opening a UK bank account.
The Investor Visa
applicant was dubious about submitting themselves to extensive paperwork enquiries and worried about how long the paperwork trail would take to complete. Hans Sok Appadu of OTS Solicitors was delighted to be able to provide a solution, namely a joined up service of Immigration law
expertise working with an FCA regulated institution.
What that meant for the Investor Visa
client was that the bank sent a representative from the UK to the investor
’s country of origin to certify the length of time the individual had held the investment funds and, if less than two years, to check the documents relating to the source of the funds. The representative was also able to carry out the Home Office required due diligence checks and, as a FCA approved institution, produce a letter that satisfied the Home Office enhanced due diligence and anti-money laundering checks.
The package of:
• Flexibility and convenience of a bank representative sorting out the paperwork without the investor
needing to travel to the UK; and
How can OTS Solicitors help?
OTS Solicitors specialise in securing Investor Visas for high net worth individuals looking to settle in the UK.
London based OTS Solicitors have substantial expertise in successfully securing Tier 1 (investor) Visas. The Legal 500 directory ranks OTS Solicitors for business immigration services. In addition, OTS Solicitors have Law Society accredited solicitors status as trusted specialists in Immigration law.