Q&As

When making an application to switch to the Tier 1 (Investor) route, must the applicant demonstrate the source of their funds if their portfolio report (demonstrating funds already invested in the UK) does not cover two years?

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Published on LexisPSL on 04/12/2019

The following Immigration Q&A provides comprehensive and up to date legal information covering:

  • When making an application to switch to the Tier 1 (Investor) route, must the applicant demonstrate the source of their funds if their portfolio report (demonstrating funds already invested in the UK) does not cover two years?
  • Paragraph 55 of Appendix A to the Immigration Rules

When making an application to switch to the Tier 1 (Investor) route, must the applicant demonstrate the source of their funds if their portfolio report (demonstrating funds already invested in the UK) does not cover two years?

As per the Immigration Rules, Appendix A, para 54 to be granted leave under the Tier 1 (Investor) route, an applicant applying for entry clearance, leave to remain or indefinite leave to remain as a Tier 1 (Investor) Migrant must score 75 points for attributes. Guidance on how an applicant can score these points is found at the Immigration Rules, Appendix A, paras 55–57:

‘55. Subject to paragraph 56, available points for applications for entry clearance or leave to remain are shown in Table 7.

56 (a) Available points for entry clearance or leave to remain are shown in Table 8A for an applicant who has had entry clearance, leave to enter or leave to remain as a Tier 1 (Investor) Migrant in the 12 months immediately before the date of application, unless Table 8B applies.

57 (a) Available points for applications for indefinite leave to remain are shown in Table 9A for an applicant who was last granted as a Tier 1 (Investor) Migrant, unless Table 9B applies.’

(added emphasis in bold)

An applicant who is switching to the Tier 1 (Investor) route must meet the criteria of the Immigration Rules, Appendix

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