Tier 1
Tier 1 of the points based system is aimed at highly skilled individuals. The tier is divided into several sub-categories, and none of these require the individual to have a job offer or a Certificate of Sponsorship from an employing organisation in the UK. The sub-categories within this tier are as follows:
The Tier 1 (Post Study Work) visa allows those who have graduated in the UK the right to remain and work in the UK for 2 years. To be eligible, a person must have completed an approved course of study at a recognised institution of Higher or Further Education. This sub-category of Tier 1 also carries a maintenance requirement. Unlike the other Tier 1 sub-categories, however, this is intended to provide only a transitional route to individuals wishing to persue their career in the UK, and, therefore, time spent on the Post Study Work “visa” will not count towards residency or Indefinite Leave to remain.
For migrants investing in or setting up a business, and being actively involved in the running of it. This sub-category aims to replace both the previous/existing Businesspersons and Innovators routes. An amount of at least £200,000 needs to be available for the purpose of investing in a business in the UK. The investment sum can either be provided by a third party or the funds could belong to the individual applicant. The investment can be made in an existing business or in a new venture.
For high net worth individuals wishing to make a substantial financial investment in the UK. This sub-category is only applicable for those who hold at least £1m of (their own) disposable funds (in an account with a regulated financial institution) or hold personal assets of at least £2m, with an amount of at least £1m accessible to and disposable by them, which may be loaned. The Tier 1 Investor category replaced the previous Investor category.
General: [Closed for new applicants as of 6th April 2011]
This visa category was closed on 6th April 2011 for individuals wishing to switch into this category from within the UK. From 23rd December 2010, the category closed for individuals wishing to apply from outside of the UK. Individuals currently holding Tier 1 (General) or an HSMP visa can continue to extend their visa under this category. In order to qualify for a Tier 1 (General) extension, it is necessary to meet the same points threshold as required on the applicant’s previous application for Tier 1 (General). Points are awarded on the basis of age, earnings, qualifications, and UK experience.
