All Tier 1 Investor Visa’s in the United Kingdom are granted for an initial three-year period. If you are looking to renew your UK investor visa, you will need to apply for an extension. All Tier 1 investor visas are eligible for one two-year extension with proper application.
Applying for an Extension
Once you have received your initial Tier 1 investor visa, you will have a period of three years to work within the investment capacity in the United Kingdom. However, you can apply for an extension of a UK investor visa quite easily. Extensions are typically granted as long as the following requirements have been met:
· Any decrease in the value of your investments must be solely based upon market fluctuations
· You must have transferred your money within three months of your arrival in the UK
· Your total investment must still be over £1 million.
If you have not met all of the requirements, you will be denied an extension. All extensions are for a two-year period. After maintaining a Tier 1 Investor Visa for a five-year period, you may apply for Indefinite Leave to Remain (Permanent Residency) in the United Kingdom.
Appealing Denial of an Extension
If you are denied an extension to your Tier 1 investor visa, you have the right to appeal. You have 28 days to appeal after you have received a notice of denial. There are many reasons why your application for extension may be denied. These include not providing proper documentation, not filling out your application correctly, or something found in your background check. Though this is not an all-inclusive list, these are the most common reasons for denial. You will want to explore the reason for your denial and appeal in a timely manner if you feel an appeal is warranted.
Being thorough with your application for extension is vital to being granted an extension. If you are hoping to extend your Tier 1 Investor visa, you will want to ensure you follow all the steps to help provide yourself with the best chance of being granted an extension.
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