Tier 1 Investor Visa: Can I invest capital into private limited company ?

If you have access to a minimum of £2,000,000 to invest in the UK or you already hold investments in the UK of such amount, you might be eligible to apply for a Tier 1 investor visa.

You must have money of your own, under your own control, held in a regulated financial institution and disposable in the UK amounting to not less than £2 million. You must show that you are able to make an investment of £2 million or more in the UK. This money may be held overseas at the time of application, or it may already be in the UK. If the money is not held in pounds sterling, you must convert its value into pounds sterling on the application form.

The money must be invested no later than 3 months from the applicant entering the UK with a valid leave to remain, by way of share capital or loan capital in active and trading UK registered companies. A company in the UK is considered to be active and trading if:

  • are registered with Companies House in the UK
  • are registered with HM Revenue and Customs for corporation tax and PAYE
  • have accounts and a UK business bank account both showing regular trading

of their own goods or services

  • have at least 2 UK resident employees who are not their directors

In other words, your portfolio can comprised of investment in all sorts of companies, provided they are operational and paying taxes in the UK.

Once granted leave to enter under this category, the capital that forms part of the initial investment must remain invested while you are in the UK under the Tier 1 Investor Visa. Once you have purchased the initial £2m (or £5m or £10m, if you wish to obtain ILR after three or two years respectively) of qualifying investments, all of the capital must remain invested for the duration of the Tier 1 (Investor) migrant’s stay in the UK.

In the event your investment is sold at a loss, you must use the same level of funds to purchase a new investment at the price at which the investment was sold. If an investment is sold at a gain, you must also purchase a new investment at the price at which the investment is being sold.

When an investment is sold, a new qualifying investment must be bought either by the end of the next reporting period, or within six months, whichever is sooner. Despite investors being permitted to remove income from the portfolio, you are only permitted to remove interest accrued and dividends declared after the date on which you purchased the qualifying investment.

Lastly, the initial capital must not be used to pay any portfolio management fees, transaction costs or tax incurred through the buying and selling of investments, if these charges will take the investment below the initial investment level. However, if more than £2m (or £5m or £10m, as appropriate) is invested, it will be possible for the charges to be paid from the surplus, providing the surplus was invested on or before the date the charges were incurred.

FREE CONSULTATION FROM IMMIGRATION LAWYERS IN LONDON – Tier 1 Investor Visa

You can request 15 minutes free consultation from our immigration lawyers; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Sole Representative Visa: What if I shareholder or employee of the company

The number of businessperson seeking for a sole representative visa to come to the United Kingdom has soared in recent months. This is likely due to the lack of investments and capital that is already happening with the United Kingdom leaving the European Union. With less competition, the British market is becoming more attractive for international investors coming from different parts of the world that not European countries.

If you are shareholder in an overseas business venture and would like to establish the presence of your company in the British market, taking advantage of the new opportunities that are already arising from Brexit, the sole representative visa might be the appropriate route for you to come and settle in the United Kingdom.

Below you can find some frequent asked questions related to shareholding and activity of the business:

  1. I am the sole proprietor of my company. Am I eligible for Sole Representative Visa?

One of the requirements for the sole representative visa is a shareholding of no more than 50%, making the applicant not a major shareholder. The whole purpose of the route is to allow an associate of the company to come to the United Kingdom to represent the business.

You will need to hold no more than 50% of the share in the business in order to be eligible.

  1. I am an employee with the business. What sort of capacity should I act to be consider for the visa?

A successful applicant for a sole representative visa must be employed by the parent company in a senior job role within the company and bear authority to take operational decisions once in the UK, as indicated by their role in the company hierarchy. Agents hired to market the company’s products in the UK, sales representatives or buyers who only fulfil that role for the company and a secretaries or personal assistants are not eligible for this category.

In the event of someone being hired just for the purpose of setting up the branch, a track record of setting up branches for other companies will be mandatory.

  1. My company operates in the Information Technology sector. Am I able to set up a branch to operate in a different business?

Due to the purpose of the visa scheme, the parent company overseas must intend to operate a branch or subsidiary in the UK in the same business as the parent company.  If your intentions are otherwise, this category might not be suitable for you.

Have you decided to apply for the visa, you must take steps in order to prepare the documentary evidence required by the Home Office, which involves extensive employment documents, financial documents and a solid business plan.

We recommend applicants to actively engage in preparations to a minimum of 3 to 4 months before the intended date of arrival to the UK.

FREE CONSULTATION FROM IMMIGRATION LAWYERS IN LONDON – SOLE REPRESENTATIVE VISA

You can request 15 minutes free consultation from our immigration lawyers; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Turkish Citizenship By Investment: Benefits of Second Passport

Our clients procure a Turkish Citizenship By Investment due to various reasons. Some are interested in purchasing property in Istanbul or the coastal towns, yet others value the investment and business perspectives in the country and Turkey’s favourable taxation system, other are attracted by the opportunity of free entry into 115 countries including Japan, Singapore and South Korea. Turkish Citizenship By Investment

Total Costs of obtaining Turkish Passport

The Turkish authorities have decreased the required investment sum from $1 million to $250,000 in 2018, and it should only be held for three years.

Investment Options to proceed with Turkish citizenship

There are three investment options below:

  1. Client can purchase property starting at $250,000. In this case, they can sell the property in three years (which will not in any way affect their citizenship).
  2. Client can invest into capital assets of a Turkish company (the investment should be authorised by the Ministry of Industry and Technology), open a deposit in a Turkish bank at a minimum sum of $500,000 (for the term of three years) or purchase corporate bonds with dividend pay-outs (the minimum investment term is three years).
  3. Client can establish their own company registered in Turkey and create a minimum of 50 jobs (for the term of three years).

Property Investment Projects

By investing $250,000, client will be able to purchase an apartment in Istanbul as well as a beautiful seaview villa in Antalya, Bodrum or other coastal cities. Many investors purchase apartments and houses here with a purpose of reaping rental incomes.

High net worth individuals from across the globe are frequent buyers of apartments in Turkey, the current rate of the Turkish Lira allows you to buy property at bargain prices.

Timeline of obtaining Turkish Citizenship By Investment

Client will be granted the Turkish citizenship very fast: just 60 days after the investment process is over. Note! Before client apply for the passport, they need to open an account at a Turkish bank and invest the funds.

Turkish Passport for the family

Client can include into the application their spouse and under-age children.

How to start the process of preparation for Turkish Passport

There are steps towards Turkish citizenship below:

  1. Client need to address an investment immigration specialist. Hand-in-hand with the specialist you will choose the best-fitting investment option based on your needs, capacities and interests
  2. Client collect all the necessary documents
  3. Client invest according to the programme conditions
  4. Client receive a residence permit and submit a passport application

Obtain Residence Permit prior of getting Turkish Passport

Client will receive the residence permit right after they make the investment. They don’t have to reside in Turkey – there is no such application requirement. Once client is granted the residence permit, they can apply for the citizenship right away.

Documents are required to submit an application

Following documents:

  1. Valid passport. The document should be notarised and translated into Turkish
  2. Birth certificate
  3. Four passport photos (for every family member)
  4. Marriage certificate (if you immigrate with your spouse)
  5. Your children’s birth certificates (if you immigrate with children)
  6. Copy of Turkish ID and address of your relatives in Turkey (if you have any)
  7. Payment of fee receipt
  8. Documents proving your investment
  9. Turkish residence permit or a valid tourist visa

Exams and interviews.

Turkish Citizenship by Investment Programme requires no exams or interviews. Moreover, our clients are applying for passport remotely – they don’t need to be physically present.

Residence Requirements to stay in Turkey

Turkey has no residential requirements. Neither before nor after procuring the citizenship.

Route to British Passport via Turkish Citizenship

Turkish citizens can relocate to the UK with a Turkish Businessperson business visa. Immigration experts note that many affluent citizens take this very path to attain their goal of relocating to London.

Route to US Passport via Turkish Citizenship

Turkish passport is the right of Turkish citizens to obtain the US E-2 business visa followed by the EB-5 immigration visa. After procuring the latter, they can apply for the green card.

FREE CONSULTATION FROM IMMIGRATION LAWYERS IN LONDON – Turkish Citizenship By Investment

You can request 15 minutes free consultation from our immigration lawyers; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

EU citizens can be deported from the UK, if they do not apply for pre-settled status before Brexit

Home Office figures show about 1 million of the estimated 3 million EU citizens in the UK have not applied yet for settled status, which will allow them to stay in the UK. If EU citizens have not registered by December 2020 without an adequate justification, the immigration rules will apply.

The Home Office’s position has consistently been to stress that if someone has a good reason to explain why they failed to apply by the deadline then they will be reasonable. The Home Office indicated that if people persistently fail to apply, then they will have no lawful status in the UK.

Until now Home Office briefings have consistently tried to stress that officials will do everything, they can to grant EU nationals the right to remain and steered away from focusing on what would happen to those who failed to apply on time.

EU citizens who do not secure settled status may encounter problems applying for work or renting property, because employers and landlords will need to check that they are living in the UK lawfully.

A Home Office spokesperson said: “EU citizens are our friends, family and neighbours and we want them to stay.”

FREE CONSULTATION FROM IMMIGRATION LAWYERS IN LONDON

You can request 15 minutes free consultation from our immigration lawyers; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.