It all depends upon your personal circumstances. UKVI has very strict criteria when determining a tier 1 investor application. It is comprehensive advice and is not possible to answer without considering all the facts.
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How can I demonstrate the ability to pay 1 million pounds?
We are a Vietnamese family considering the U.K. investor visa. Vietnam is basically a cash economy, as there is a general distrust of the banks. Besides bank statements, what other methods can be used to demonstrate the capacity to pay the investment amount?
Answers
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From Nov. 6, 2014, the minimum threshold for an investor visa applicant increased from £1 million to £2 million. You’ll need to provide evidence showing that you have the required investment funds. If you’re using your own money to invest, you should be able to show: how much money you have and where it’s being held; where the money came from if you haven’t had the money for at least three months, such as if you inherited it from a relative; and that the money can be transferred to the U.K. and converted into sterling (if it’s not already in the U.K.). If you are using your partner’s money you’ll need to provide: a certificate of marriage or civil partnership or, in the case of unmarried or same-sex relationships, proof that you are in a long-term relationship of at least two years; a statement from your partner confirming that he she will allow you to control the funds in the U.K; and a letter from a legal adviser stating that the declaration is valid. Even if you are holding the amount in cash, you have to be able to prove where the money came from. A detailed consultation would be required to consider your own personal circumstances to be able to give a definitive answer, and also if the tier 1 investor route is the right route for you and your family.
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I understand that you are interested in applying for the UK Investor visa for your family. Please note that the minimum investment for the UK investor visa increased from £1 million to £2 million in November 2014. It is mandatory for the investor visa application that the main applicant must have opened an account with a UK based FCA regulated financial institution for the purposes of investing not less than £2 million in the UK. Please note that each financial institution has their own compliance check and it is difficult to provide you with an accurate advice without knowing the full fact of your case. Once you open an investment account, you can always transfer the money from Vietnam to the UK. Further, if you can prove that you have held the funds in a UK regulated financial institution for 3 consecutive months, the Home Office won't require the evidence of the source of the funds.
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The investment requirement is now 2 million pounds. You will need to show this in a regulated bank and it needs to be transferable to the U.K. If you haven’t held the funds for 90 days at the date of visa application, you will need to provide evidence to show the source of the funds.
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In order to qualify for a tier 1 (investor) visa, you must have money (at least 2 million pounds) of your own, under your control, held in a regulated financial institution and which is disposable in the U.K. The immigration rules are clear in this respect. The funds must be held in a regulated financial institution in the U.K. or overseas.
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