{"id":54334,"date":"2018-08-27T15:32:10","date_gmt":"2018-08-27T19:32:10","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=54334"},"modified":"2018-08-27T15:33:30","modified_gmt":"2018-08-27T19:33:30","slug":"demand-uk-tier-1-investor-visa-jumps-nearly-50","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/demand-uk-tier-1-investor-visa-jumps-nearly-50\/","title":{"rendered":"Demand For UK Tier 1 Investor Visa Jumps Nearly 50%"},"content":{"rendered":"
Applications for the UK Tier 1 Investor visa<\/a> between March 2017 and 2018 rose by 46 per cent, signifying the program\u2019s continued popularity.<\/p>\n Figures show the number of applications increased from 278 to 405 in the 12-month period, despite the recent tougher new rules introduced by the UK government.<\/p>\n In the time period, candidates from China, Russia and Turkey accounted for 199 of the applications, compared to 145 in the previous year.<\/p>\n An 85 per cent increase in applications from Turkish candidates can be put down to new rules restricting Turks from obtaining permanent residence abroad.<\/p>\n The investment immigration program grants a three-year initial visa, which can be extended for another two years, to applicants investing at least \u00a32 million in eligible asset classes in the UK.\u00a0<\/span><\/p>\n The program offers fast-track permanent residence and an eventual path to British citizenship for the wealthy applicants.\u00a0<\/span><\/p>\n The crackdown on corruption in Saudi Arabia, China, and Turkey, and Russia\u2019s deteriorating relations with the US may have prompted wealthy citizens of these countries to seek a safe haven.<\/p>\n With numerous calls for reform and revamp, the US EB-5 program<\/a> is expected to become a costlier and tougher route for investment immigrants.\u00a0<\/span><\/p>\n Read More<\/b><\/p>\n UK Tier 1 Investor Visa Considers Russian Applicant Crackdown<\/a> This may have contributed to surge in demand for the UK program.\u00a0<\/span><\/p>\n The UK is a mature and developed economy and a good platform for those seeking to invest or do business at the global level.\u00a0<\/span><\/p>\n Further, the country\u2019s historic and cultural appeal coupled with its financial and educational system makes it a preferred immigration destination.\u00a0 \u00a0<\/span><\/p>\n There are some risks and irritants that can sour investment sentiment and impact demand for the program.\u00a0<\/span><\/p>\n The program review that led to introduction of tougher disclosures for source of income does not seem to have impacted demand negatively.\u00a0<\/span><\/p>\n However, frequent reviews and a lack of stability and clarity in regulations can hurt demand.\u00a0<\/span><\/p>\n While proper due diligence is important, the government must ensure investor immigrants do not end up being deterred from exploring the UK Tier 1 Investor visa.<\/p>\n Another risk with potentially far-reaching consequences is the increased delay in the granting of visa renewals for Tier 1 Investor visa holders.\u00a0<\/span><\/p>\n The visa, issued for a three-year period, can be renewed for another two years and further as long as the investment requirements are met.\u00a0<\/span><\/p>\n Yet there have been frequent delays in renewals, especially in cases where applicants have invested in a wide range of assets through complicated corporate structures.\u00a0<\/span><\/p>\nWhat Is The UK Tier 1 Investor Visa?<\/h3>\n
Why The Surge in Demand For The UK Tier 1 Investor Visa?<\/h3>\n
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\nInvest Your Way Into Canada or Britain Via QIIP and UK Tier 1 Investor<\/a>
\nTier 1 Entrepreneur Visa: Popular Pathway To UK Immigration<\/a><\/p>\n
\nRisks That May Impact Investor Sentiment<\/h3>\n
Is Brexit a Factor?<\/h3>\n