The United Kingdom offers residency by investment, the UK Tier 1 investor Visa is the most popular investment migration program in the United Kingdom. It enables high-net-worth non-EU investors who make a substantial financial investment in the United Kingdom (UK), to live in the UK. The minimum investment for a UK tier 1 visa is 2,000,000 POUND based on the PBS-points-based system. However, the investment visa for the UK is not a direct citizenship-by-investment program, like in many other countries. This means that you have to live in the UK before you can apply to become a citizen.
To qualify for a UK Investment Visa, you must invest at least 2 million Pound in one of the following options:
The amount of investment is decisive on when you receive permanent residence (Indefinite Leave to Remain):
To qualify for the program, applicants must fulfill one of the investment options in addition to meeting the following criteria:
Individuals who have lived in the UK for five or more years are eligible to apply for UK citizenship as long as they meet the following residency requirements:
Step 1: Open an investment account in the UK – The time needed to open an account varies from 1 week to 3 months depending on the financial institution you deal with. This includes all the due diligence they must do. Once an account is opened, you will get a letter confirming the availability of funds and passing of background checks.
Step 2: Get an investor visa – With all the required documents in hand you can submit a visa application. Processing time is around 1 month. If successful, you will get a Tier 1 Investor visa for 3 years and four months. You are given 30 days to enter the country on your visa and collect your BRP card.
Step 3: Invest – You are given three months to make the required investment in the local economy, if not already made. You must buy shares of one of the several UK-registered companies. Investment in real estate or government bonds is not available anymore.
Step 4: Extend your investor visa – You will only need to do it if you have invested from 2 million Pound up to 5 million Pound. The first visa is valid for 3 years and four months after which you must apply for an extension. It should take roughly 1-2 weeks to prepare the paperwork and 8 weeks to process the application by the Home Office. You can speed it up to 5 days if you don’t want to wait.
Step 5: Settle – How much you have invested will affect when you can apply for settlement in the UK- in 2,3, or 5 years. Besides, you must spend at least 180 days in the country in any 12 months before applying. On top of that, you must pass an English test and a Life in the UK test to confirm your knowledge of the language, history, customs, and traditions of the country. This stage will take from 2 o 6 months.
Step 6: Naturalize and apply for British – You can apply for naturalization one year after settlement, but not earlier than 5 years of living in the UK. Once your application is approved, you will be invited to attend a citizenship ceremony where you will give an oath of allegiance to the reigning monarch. Only then will you be given a certificate of naturalization which enables you to apply for a British passport.
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Privacy World can also help you with incorporating your company in the United Kingdom, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Yes, the United Kingdom allows dual/multiple citizenships.
Yes, you can include your dependent spouse, children under 18, and children over 18 currently in the United Kingdom.
You must have been physically present in the United Kingdom exactly 5 years before the Home Office receives the application.
No English language requirement.
No personal interview is required.
Yes, you need to get a biometric residence card 10 days after you declare your wish to come to the United Kingdom.
It takes 5 years or more to be eligible to apply for citizenship.
As a resident and domiciled in the United Kingdom, you will be taxed on your worldwide income and capital gains.
As a non-resident of the United Kingdom, you will usually be taxed on your UK-source income, but will not generally be taxed on capital gains, other than in respect of UK property/ ‘property-rich’ companies or carried interest, even if the asset is located in the United Kingdom. Gains in respect of UK residential property owned by non-residents have been subject to UK CGT at 28% for a number of years.
Tax is not charged on an individual’s wealth each year in the United Kingdom.
The tax is calculated to be 40% of the deceased person’s estate.
Investors cannot rely on property investment in UK property assets as the basis of an application for residency.
Investors may withdraw interest accrued and dividends declared after the date on which they purchased their qualifying investments.