Insights

Isle of Man Immigration Visas – start a wonderful life

By October 27, 2019November 27th, 2020No Comments
Isle of Man immigration visas

The Isle of Man immigration

Our immigration rules in the Isle of Man are similar, but not identical, to those in the UK.

You can access the Isle of Man Government pages which provide access to useful information here.

If you are considering making an application as a Business Migrant then please contact us with details of your circumstances and your proposed business plan and we will provide you with an initial assistance including and assessment of your business proposal.

 

At the time of writing, the rules in force were those issued on 19 October 2020 in SD62/05. As you will see the current rules run to 796 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:-

Business Migrant – Start up Visa – is a new important category of visa for people who are from outside the EEA and Switzerland who want to establish and run a business in the Isle of Man. Successful applicants will be granted leave to remain for 2 years 4 months – the category does not lead to leave to remain but there is no minimum investment requirement and applicants can progress to the Innovator category. The applicant’s business plan must demonstrate that the proposed business is innovative, viable & scalable and it is required to be endorsed by the Isle of Man Department for Enterprise who will confirm this by issuing a letter of endorsement in support of the application.

Business Migrant – Innovator Visa – is similar to the ‘Start up’ category but the visa applicant must have at least £50,000 to invest in setting up in business here. This is a fast track category that can lead to indefinate leave to remain in the Isle of Man and UK within just 3 years. The business plan must demonstrate that the proposed business is innovative, viable & scalable and it is required to be endorsed by the Isle of Man Department for Enterprise who will confirm this by issuing a letter of endorsement in support of the application. Business Migrant applicants can join / invest in an existing Isle of Man business but, they must be able to demonstrate that they are bringing real ‘value’ to the business in question.

Tier 1 (Investor) – requires a substantial financial investment to be made in the Isle of Man. The Investor must be able to evidence that they 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.

If you would like to learn more about Katz & Co. Isle of Man immigration services or you require assistance relocating to the Isle of Man please contact Martin Katz who will be pleased to assist you.