News

16/11/15
The UK remains a developed economy that continues to progress from the troubles of the last decade. With numerous business and investment opportunities, a high quality of life, and a large scale network of relations with other countries, backed by its prominent role in the EU and WTO, it is no surprise that the UK attracts wealthy foreign investors with a view for achieving permanent residence.

In 2008, the UK Government introduced investor visas as an attempt to encourage the wealthy from abroad to stake money into both the economy and the Government in return for residence. As a result, 43 foreign nationals were successful in their application and by 2014 that number had surged to 470. As the years go by, more and more wealthy foreign investors are entering the UK to contribute to its dynamic economy and improve their own lives.

The general requirements for applying for a Tier 1 Investor Visa include having access to at least £2,000,000 in investment funds to apply in the UK, residing outside the EEA and Switzerland, and owning a UK bank account. However, due to the high-demand nature of residence in the UK there are finer requirements that need to be satisfied.

The major benefit of an investor visa is that it provides a quick and easy method of gaining entry into the UK, something which is an increasingly difficult and time-consuming process to complete. Due to a swelling influx of people wanting to enter the UK that shows no signs of easing off, achieving residence in the UK is simplified under the investor visa route. British residence is one of the most desirable in the world, and the investor visa provides an opportunity to achieve this, free from many of the restraints faced by those not undertaking this route. Other benefits include, if successful, during the residency period investors can travel outside of the UK and can reside anywhere within, as well as being able to be joined by their dependants.

However, due to the rapid increase of those undertaking the investor visa method as stated before, the level of checks conducted by the Home Office has come under fire, resulting in a stricter and more cautious approach to allowing foreign nationals into the country by granting them these visas.

If you require any further information or assistance, whether it is guidance on how to complete a successful application or expert advice on investor visas, we are more than happy to help.

Contact us on 020 3402 6095 or info@ealaw-solicitors.com for a no obligation chat.