Successful investor application
Aliya Rimshelis, Corporate Immigration Lawyer at Sterling Law, has reached a successful result in a complex Tier 1 Investor visa application.
As a result of her efforts, our client from Kazakhstan together with his unmarried partner and their four young children were all successfully granted entry clearance to the UK under the Tier 1 Investor visa.
Such applications, arguably, have difficult requirements to fulfill.
In this particular case, unmarried partnership of the applicants was one of the crucial elements. Sterling Law were able to collect evidence to prove that our client’s relationship with his partner is genuine. The presented evidence was accepted by the Immigration Officers and the partner is now, therefore, eligible to enter the UK as a dependant, together with the children.
Investment Bank Account
Another important element of the application process was opening a bank account in the UK. When the client instructed us he did not have a UK bank account, which added complexity to the case.
One of the key requirements is the following:
In addition to the evidence relating to money to invest, the applicant must provide an original letter issued by an authorised official of a UK regulated bank, on the official letter-headed paper of the institution, which:
(a) is dated within the three months immediately before the date of the application;
(b) states the applicant’s name and account number; and
(c) confirms that:
(i) the applicant has opened an account with that bank for the purposes of investing not less than £2 million in the UK; and
(ii) the bank is regulated by the Financial Conduct Authority for the purposes of accepting deposits.
The applicant had enough funds to meet the Tier 1 Investor visa requirements but those were kept on his Swiss bank accounts. As stated above, in accordance with the Immigration Rules, the applicant must open a bank account in the UK for the purpose of investment.
We advised our client to open up an account with the same bank but in its UK division, which allowed him to meet all the relevant requirements. This procedure involved months of waiting, however, eventually all bank account formalities were sorted and all family was granted UK entry clearance.
Should you require any assistance or have any questions regarding entrepreneur and investment visa routes in the UK, please feel free to get in touch with us directly:
Aliya Rimshelis, Corporate Immigration Lawyer
Phone: +44 (0) 20 7822 8535