The United Kingdom is the dreamland for upgrading your standard of living. But immigration to the country can be a challenge. The UK innovator visa is the solution to this problem. It enables you and your family to move to the country without any hassle. The visa is much better than the traditional route as it promises a good life for your family.
The UK is one of the most powerful nations in the world. Another option to migrate is through the Tier 1 investment visa. It allows investors seeking residency in the country to move with their family. The UK tier 1 programme is actually a path to British citizenship.
UK citizenship by investment is highly sought-after by investors in India. It is a programme that gives their children access to world-class education and an aspiring lifestyle to their families. From healthcare to finance, everything in the country relates to a higher standard of living.
This article will focus on the UK innovator visa and how it provides you with indefinite leave to remain in the country. We will highlight the benefits of UK immigration from India through the investment route. And finally, we would provide information on the UK Tier 1 investment visa and how it leads to a path of citizenship in Britain.
UK Innovator Investment Visa: Path to UK Immigration
A UK innovator visa is one of the best ways to immigrate to the country. Under the programmer, you and your family can move to the UK by fulfilling the following requirements –
You need to have a business idea that is endorsed by any of the approved UK innovator visa endorsing bodies.
- You must be willing to set up your business in the UK and establish it there until you can get permanent residency.
You must have a genuine and original business idea that should fulfil a gap in the existing market.
You need to invest at least £50,000 in your business. If you have partners, each partner needs to invest at least £50,000 for establishing the business.
You must grow the business, generate revenue, and create jobs from your business by actively participating in it.
One of the biggest benefits of bringing your innovator visa UK ideas to the country is that your family of four members is included under the application. They can avail the same residential facilities that you will. They can also work in their choice of profession, and your children can study in any field they wish to in some of the best schools & universities in the world.
UK Innovator Visa for Entrepreneurs: Permanent Residency
Once you get your innovator visa UK business ideas approved and obtain your visa, things pretty much become simple for you.
The UK innovator visa is approved for a period of 3 years by the government. However, after that period of time, you can apply for permanent residency or extend the visa for another 3 years. This is an indirect way to indefinitely stay in the UK.
The benefit is that you can extend the UK innovator visa with investment an unlimited number of times. So every 3 years, you can apply for an extension or get your permanent residency in the country by fulfilling the requirements.
Of course, you can apply for UK citizenship by investment after living for 6 years in the country. Your family will also be eligible to apply for obtaining citizenship. You can continue your business activities in the country and move there permanently as a legal citizen.
UK Tier 1 Investment Visa: Indefinite Leave to Remain
The UK Tier 1 programme is another option that investors can explore. In this case, you do not need an original business idea. The programme involves investing money in shares, governments bonds, or loan capital.
The investment visa allows you and your family to stay in the country for a maximum of 3 years and 4 months. You can extend this for another 2 years.
However, avoiding this is easy. By investing £2 million, you can apply for indefinite leave to remain after 5 years. But if you invest £5 million, you can apply after 3 years. Better yet – invest £10 million in the UK and apply for indefinite leave to remain in the country just after 2 years.
Similar to the UK innovator visa and startup visa, you can apply for citizenship after 6 years of living in the UK. Once you get your permit to stay indefinitely in the country, you can easily apply for Uk citizenship and immigrate permanently.
UK Immigration from India through Investment: The Benefits
There are multiple benefits of migrating to the UK through the investment route. Since it takes around 3 months to obtain the UK innovator visa and 6 months to get the tier 1 investment visa, it is a better choice than the traditional route – one that might take years for you to obtain permanent residency.
Here are the top benefits of innovator visa for entrepreneurs and the investment visa –
Access the world’s most powerful economic and financial system. The UK is known as the global financial hub. You will have plenty of opportunities to multiply your wealth.
Your children can access top-class education from universities like the London School of Economics, Oxford University. They can begin their career with a head start.
The government is highly liberal when it comes to business policies, rules, and regulations. You can easily access a lifestyle filled with multiple options.
Apart from this, UK citizenship provides visa-free travel to 180+ countries. It has one of the most powerful passports in the world. You and your family will become global citizens with access to freedom of movement across the world.
Conclusion: Uk Innovator Visa is Right for Immigration
The UK innovator visa through investment is one of the right choices for moving to the country. It demands much less investment than the Tier 1 investment program. The processing time is also quick – enabling you and your family to move quickly.
My Global Citizenship™, India’s trusted Uk residence and citizenship planning consultant, provides complete assistance to apply and obtain UK citizenship by investment.
Contact our experts for an online consultation today.