At the time of writing, the rules in force were those issued on 30 March 2019 in SD62/05. As you will see the current rules run to 756 pages and are complex. For this reason, we recommend that our clients always seek specialist professional advice on immigration matters. Katz & Co. provides its immigration services in conjunction with a local immigration lawyer.
In the meantime, here is some outline information:-
- Immigration decisions are made locally by the Isle of Man immigration staff (i.e. independently of UK agencies).
- The Isle of Man is a part of the UK Common Travel Area (CTA) which includes the UK, Ireland and the Channel Islands. This is important because it means that, Isle of Man visa holders are able to travel though out the CTA during the term of their visa.
- Generally, successful application for an Isle of Man immigration visa, followed by the grant of Indefinite Leave to Remain (ILR) within the CTA can result in successful application for a British Passport within 5 years (sometimes less).
Types of Visa.
For our clients, the Visas listed below are generally the most used categories:-
Entrepreneur (Tier 1) – is suitable for Entrepreneurs from outside the EU who intend to establish, join or take over and Isle of Man business. This visa permits an initial stay of 3 years 4 months – which, subject to the success of the business, can be extended. It requires English language the Entrepreneur must be active within the business and must invest funds of GBP200,000.
Investor (Tier 1) – requires a substantial financial investment to be made in the Isle of Man. The Investor must hold an Isle of Man bank account and have at least GBP2m to invest in a qualifying Isle of Man institution or business. The Investor visa permits an initial stay of 3 years 4 months – which can be extended for a further 2 years, potentially leading to Indefinite Leave to Remain and British Citizenship.
Representative of Overseas business visa – is available for business persons representing existing non EU businesses that wish to expand their operations into Europe / EU by establishing a branch or subsidiary office in the Isle of Man. The visa permits an initial stay of 3 years – which can be extended for a further 2 years, potentially leading to Indefinite Leave to Remain and British Citizenship.