Citizenship By Investment (UK)
The United Kingdom of Great Britain and Northern Ireland, also commonly known as the United Kingdom, the UK, or Britain, is a sovereign state consisting of Great Britain (England, Wales, and Scotland ) and Northern Ireland. It is located in the southeast part of the British Isles.
The United Kingdom was the world’s first industrialized country and has played a leading role in developing parliamentary democracy and in advancing literature and science. The second half of the 20th century witnessed the dismantling of the British Empire and the UK rebuilding itself into a modern and prosperous European nation. Today UK remains a major economic and military power, with considerable political and cultural influence around the world.
As one of five permanent members of the UN Security Council, a founding member of NATO, and of the Commonwealth of Nations, the UK pursues a global approach to foreign policy. The UK is also an active member of the EU, although it chose to remain outside the Economic and Monetary Union. It is also a member of the G8, G20, OECD, the Council of Europe and the World Trade Organisation.
The United Kingdom has a parliamentary system of governance under a constitutional monarchy. Queen Elizabeth II is head of state of the UK.
Today UK is the sixth-largest economy in the world. The partially regulated market economy is highly developed and diversified. It is a predominantly service based economy with services such as banking, insurance, and business taking precedence over others.
Agriculture is also a major player in the economy. In recent years, the UK economy has been managed in accordance with principles of market liberalization and low taxation and regulation.
London, the capital city, is a major centre for international business and commerce and is the world’s largest financial centre.
The UK is a well known and most desired destination for HNI and UHNIs to obtain residency and eventual citizenship by investment. UK permanent residency is known as Indefinite Leave to Remain (ILR) in the United Kingdom.
UK Residency by investment is divided into four subclasses – UK Investor visa – Entrepreneur visa of UK – Start up Visa UK and Innovator visa UK
Out of these three programs, the Entrepreneur visa of the UK is closed down in March 2019 and replaced by two new programs namely Start Up Visa UK & Innovator visa UK.
The investor who has obtained UK residency by investment can eventually apply for UK citizenship. However, there is no direct UK citizenship by investment.
There is no language or age or education requirement for a UK Investor visa but for Start up Visa UK and Innovator visa UK must show IELTS, 5 Band.
Under start Up UK visa, applicants must have innovative ideas and not just new business ideas which are endorsed by the UK home office approved endorsing body. Once a start-up idea is approved the founder of the start-up can apply for ILR of the UK and start his start-up UK.
Under the UK Innovator visa, the company must have new ideas and doing business outside the UK and must be ready to invest £50,000 in a business in the UK. If the applicant is in a position to run and manage this business for a period of three he may apply for ILR in the UK and eventual citizenship of the UK.
Under UK investors visa the applicant must have £ 2,000,000 in the applicant’s control either with a UK financial institute or UK Bank.
One of the oldest countries which hold its history even today.
UK is known for its art and cultural monuments which make it a best place to explore around.
If we talk about medicine and research, Britain is a world leader. If you are a legal resident of UK, you can get free healthcare and even the access to National Health Service.
UK is having 24 commercial international airports which make it the best location to travel to and fro.
The concept of higher education was derived from UK originally and even today UK is having world’s best schools and universities like Oxford and Cambridge.
Due to fabulous mountains and enchanting countryside, UK is known for its natural beauty.
English is widely spoken language in UK so if you can communicate well in English, you are good to go.
UK is a multicultural country and the people of UK are very welcoming as well as polite and this showcases their big-hearted nature.
From the point of view of career advancement, UK is the best place to live in as it is having a huge demand of high skill workers