Requirements for Russian Investors in the UK
A Tier 1 Investor Visa in the UK is for high-net-worth individuals who do not require a job offer in the UK and plan to make a high dollar investment within the country. As a citizen of the Russian Federation, you will find there are specific steps and requirements for you to qualify for a Tier 1 Investor Visa in the UK.
Financial – You must have a minimum of £1 million in assets available immediately and held in a regulated UK financial institution. An investor may also include money loaned to them as long as the money is accessible from a UK financial institution. If liabilities are being considered, an investor must have a minimum of £2 million.
Residency – An investor must be able to spend at least 50% of their time in residency in the United Kingdom. Though they do not need to be considering permanent citizenship, Investor Visas do lead to permanent UK citizenship in many cases. Since there is no country cap for investor visas, those receiving a Tier 1 Investor Visa have the best chance of receiving citizenship.
Language – All Tier 1 Visa applicants, including Investor applicants, must demonstrate an understanding of the English language in one of three ways. They must either have English as their primary language, have earned a degree from an English-speaking degree programme, or pass the International English Language Testing System (IELTS) test with at least a 6.5 in all four areas of the test. These four areas are listening, reading, writing, and communicating.
Russia does not have any additional requirements specifically for their country, unlike other countries that invest. This could explain the increase in Russian investors in UK over the past ten years. In 2012, over 30% of all investor visa applications were from Russia. Considered the fast track for the wealthy to obtain citizenship in the UK, the Tier 1 UK Investor Visa for Russian Federation citizens only requires the general requirements are met, proper documentation is provided, and fee is paid.
Russian Federal applicants will need to visit a visa application centre in order to complete their application and register biometric data such as fingerprints and photographs. There are several visa application centres throughout Russia in:
· St. Petersburg
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