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Business Migration

 

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Setting Up a Business Investor
Retired Person  
 

Outlined below is general information about the process of obtaining residence through Business migration:   

SETTING UP A BUSINESS REQUIREMENTS  

  • You have funds to the value of 200,000 which is in your control, in your name, and available for you to use in the UK with the intention of investing the funds in a business in the UK.

  • You have sufficient additional funds to support yourself and any dependents, and live without needing recourse to public funds or taking employment until the business earns you income.

  • You intend to be actively involved full-time in providing services or trading independently or in a partnership, or in promoting and managing the company as a director.

  • You intend to maintain a level of financial investment proportional to your business.

  • You intend to acquire either a controlling or equal interest in the business, and any partnership or directorship must not bnecome disguised employment.

  • You can manage your share of liabilities.

  • You intend to provide investment and service for which there is a genuine demand in the UK.

  • If you are taking over an existing business you must provide a statement of the terms of the take over, audited accounts from the business from previous years, and evidence that your services and investment will lead to an overall increase in the employment the business provides and create at least 2 new full-time jobs for people already settled in the UK.

  • If you are establishing a new business you must provide evidence that you will transfer a sufficient amount of your own funds to establish the business and the business will create at least 2 new full-time jobs for people already settled in the UK.

INVESTOR REQUIREMENTS  

  • You have access to not less than 1 million GBP of your own money of which you intend to take to the UK, and which must not be held in trust or you own personal assets which are worth more than 2 million GBP after your liabilities have been deducted.

  • You have not less than 1 million GBP under your management and control in the UK.

  • You must intend to invest not less than 750,000 GBP in active and trading UK registered companies or UK government bonds.

  • You intend to reside in the UK and make it your main home.

  • You can support yourself and your dependents, live without working as an employee and without having recourse to public funds.You have not less than 1 million GBP under your management and control in the UK.

  • You can make investments in your name in Unit Trusts and Private Companies. However, you are not permitted to invest in Property companies, Offshore companies and Banks and Building societies.

  • You can apply to the Immigration and Nationality Directorate for permanent residence provided that:

1.  You have made the UK your main home for the past 5 years;
2. You have been residing in the UK, as an investor, for 5 years, without a break;
3. You have maintained a capital sum of 1 million GBP in the UK for the past 5 years and you have made an investment of 750,000 GBP as required;
4. You have supported yourself and your dependents without having to work or needing recourse to public funds.

RETIRED PERSON REQUIREMENTS  

  • You are at least 60 years of age.

  • You have an income of at least 25,000 GBP a year under your control and available for transfer freely to the UK.

  • You have evidence of any property that you own in the UK and evidence that you are legally allowed to transfer your funds to the UK.

  • You can support yourself and any dependents without working as an employee and without recourse to public funds.

  • You intend to make the UK your main home and you have a close connection with the UK. A close connection includes: close relatives that have lived for a long period in the UK or you have worked in a British company or been employed by the UK government over a long duration.


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