Khalid is currently a resident of one of the Gulf states. He currently runs a successful chain of retail outlets in Dubai and other neighbouring Gulf States. He wishes to expand internationally and set-up a internet-oriented sales business targetting European customers along with one or two “bricks and mortar” outlets in the UK. For this purpose he would like to come and live and work in the UK along with his dependents and eventually qualify for settlement in the UK (Indefinite Leave to Remain – ILR) after 5 years.
Khalid has two options available to achieve his objectives:
- Tier 1 Investor visa: By investing a minimum of £2m in equity share or loan capital in an active and trading UK company Khalid could within 4 weeks obtain a T1 Investor visa and come over to live in the UK along with his dependents. Khalid does not need to spend all his time in the UK. He can come and go to the Gulf to supervise his business there. However, Khalid has to spend a minimum of 6 months in the UK each year during the 5 year visa period in order to be eligible for settlement (ILR).
2. Tier 1 Entrepreneur visa: Khalid does not have access to £2m but provided he has access to a minimum of £200,000 and invests this amount in a UK business he and his family can obtain a T1 Entrepreneur visa to come and live in the UK. After 5 years Khalid and his dependents will be eligible to qualify for settlement in the UK. Khalid can acquire an existing business in the UK or set-up his own business here. Over the 5 year visa period Khalid has to work full-time in his UK business and spend a minimum of 9 months each year in the UK until he qualifies for ILR.
Khalid’s choice will be governed, of course, by access to funds – £2m or £200,000 but one of the major factors in making his decision will be how much time he can afford to spend in the UK over the 5 year visa period. As the “Entrepreneur” route is more or less a full-time UK occupation, if Khalid has strong business committments in the Gulf, then this route would be unsuitable.
In that case the “Investor” route would suit Khalid more and this route has the flexibility of structuring the application in such a way that Khalid can still spend sufficient time in the UK in order to set-up and run his UK and European business by frequent visits to the UK over the 5 year visa period but not having to spend the majority of his time in the UK.
RKG Consulting have considerable practical experience of working with potential Tier 1 applicants from various countries including India, China, Far East, Russia and the Gulf States and we completely understand their business and family requirements in terms of choice of the correct types of visas. Please do not hesitate to contact us for further information about Tier 1 Investor or Entrepreneur visas.