Tier 1 (Investor): eligibility requirements for extension applications
Produced in partnership with Gillian McCall of Richmond Chambers
Tier 1 (Investor): eligibility requirements for extension applications

The following Immigration guidance note Produced in partnership with Gillian McCall of Richmond Chambers provides comprehensive and up to date legal information covering:

  • Tier 1 (Investor): eligibility requirements for extension applications
  • Extension applications—eligibility
  • Investment within three months of the specified date
  • Money must be held in the UK
  • Joint funding
  • Qualifying investments
  • Maintaining the level of investments
  • Original source of funds
  • Accelerated route to indefinite leave to remain
  • Dependants

This Practice Note considers the eligibility criteria for a person who has, or was last granted leave under the Tier 1 (Investor) category when applying for an extension of leave.

Significant changes were made to the eligibility criteria for all initial applications in the Tier 1 (Investor) category which were submitted on or after 6 November 2014. A further set of changes were made for initial applications made on or after 29 March 2019. With each set of changes, transitional arrangements were introduced to ensure that those who had applied under the Rules in force at the time of their initial application would not be subject to the new Rules when applying for extension or indefinite leave to remain (subject to certain deadlines). A further set of changes from 1 October 2019 amended the arrangements further to give such applicants a degree of ‘flex’ around the deadline dates. See Practice Note: Statement of changes in Immigration Rules, HC 2631—analysis. These transitional arrangements means that there are broadly three cohorts of applicant:

  1. those who were granted initial leave under the Immigration Rules in place before 6 November 2014, who can:

    1. apply until 6 April 2022 for indefinite leave to remain, if relying on a minimum investment of at least £1m in qualifying investments (which can include UK government bonds)

    2. apply until 6 April