The United Kingdom started offering an immigration route for foreign investors in 1994. In 2008, they introduced a new points-based system that established Tier 1 Investor and Tier 1 Entrepreneur routes. In 2014, the UK saw record numbers of investor applicants.
On 29 March 2019, the Entrepreneur visa was stopped altogether, while the Investor visa underwent some changes. New routes have been introduced, including the Innovator visa.
Immigration rules for non-EEA citizens planning to come to the UK under these visas have been changing over the years, increasing some requirements and slackening others. Investor and Innovator routes lead to settlement (permanent residence) and eventually to citizenship by naturalisation. Let’s see what to do to get a British passport.
Though at a first glance an investor visa looks more appealing and easier to get, it might not be what you are looking for and the required investment is significantly higher.
Great Britain is a well-advanced economy and high-income country. It offers the following advantages to foreign investors and businessmen:
Apart from a required investment, the main applicant and dependants must also comply with the following criteria:
Two routes are available leading to UK citizenship by investment.
To qualify for settlement and citizenship, one of the following amounts must be invested in the capital of UK-based companies, irrespective of the number of dependants:
The funds must be held in your bank account for two years or your can prove the availability by showing the source of funds. UK financial institutions, where an investment account is open, are required to conduct thorough due diligence checks on all investors and state that in their letter.
Additional fees and charges must be paid.
You can apply from within the UK, when switching from another allowed category, or outside the country. Initial visa is granted for 3 years four months subject to extension.
To get visa of this category, you have to have access to £50,000, get your business idea endorsed, set up a business in the UK, become director there and run it till you can apply for settlement.
You must be endorsed by an approved body that would acknowledge that your idea is viable, innovative and scalable. If your endorsement becomes invalid, you can re-apply.
You can apply alone or with a partner. If it is a team, each innovator must contribute £50,000.
Other fees and charges apply.
Applications can be made both in and outside the United Kingdom. First visa is given for 3 years four months subject to an unlimited number of extensions.
You can apply for settlement in 5 years and a British passport in 6 years.
You and your dependants can make naturalisation applications within the following timeframes:
Apart from complying with the English language criteria and passing the Life in the UK test, you must:
Settle in as little as two years and get naturalised in five.
Step 1: Book an appointment with our specialists and sign a client agreement.
Step 2: Apply for Investor or Innovator visa.
Step 3: Extend your visa or apply for settlement.
Step 4: Apply for citizenship.
Step 5: Get your British passport.
We are OISC regulated immigration lawyers that provide full immigration support in obtaining British citizenship by investment. Contact us now to get expert advice.
Second passport by investment
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