The UK is becoming a popular destination for investment immigration. The booming economy and the plethora of financial opportunities make it an attractive destination to achieve higher returns on investment. A lifestyle in cities like London, Manchester, Birmingham is an enticing call for investors and families to migrate to the financial capital of the world.
UK investor immigration program is one of the best immigration routes to the country. It enables investors and their families to migrate to the country much quicker than the traditional routes of immigration. The minimum investment for the UK investor visa program is easily affordable, giving Industries the opportunity to maximize their wealth at a low cost.
But what are the options for the UK citizenship by investment program? There are three ways through which you can migrate to the country and take advantage of the UK permanent residence for Indian investors. Under these programs, you can invest and migrate quickly without waiting in line for years to get your permanent residency in the country. While there is no direct permanent residency program in the UK, you can benefit from the indefinite leave to remain in the country.
This article will focus on the three routes to start a business in the UK and obtain your UK citizenship by investment. It is an essential path to British citizenship by investment if you are eligible after living in the country for a certain period of time. Let’s have a look at the three routes in detail.
UK Innovator Visa for Citizenship by Investment
The first option you have is to migrate through the UK innovator visa. It is a UK investor immigration visa program for slightly experienced business people. They can either directly enter the category or transition from a Startup visa category.
The innovator visa allows you to migrate to the UK when you start an innovative business in the country. Your idea must be genuine and should have an original business plan, giving you a competitive advantage. The primary thing to understand is that the business idea should be unique, and there should be a market for it.
The UK investor visa requirements for the innovator visa include an investment of £50,000 at minimum. It is the per applicant investment. So if there are two or more partners, each applicant has to invest at least £50,000 to establish the business in the country.
Here are the significant things you need to know about the innovator visa –
- The innovator visa is a UK investor immigration program that provides residency in the country to you and your family of four members.
- The duration of the innovator visa is 3 years. However, you can extend it an unlimited number of times after its expiration date. It will offer you an indefinite leave to remain in the country.
- You should only work in your own business and have no involvement in any other company. However, after a. of you can permanently settle in the country, which could potentially lead to British citizenship by investment.
UK Start-Up Visa for Citizenship by Investment
Another option under the UK investor immigration visa is to obtain the startup visa for residency in the country. Similar to the innovator visa, the startup visa involves starting a business in the UK for the first time. You should have an original business idea that meets the requirements of the existing markets.
The application must be endorsed by an endorsing body. It will contact the business after 6 to 12 months to assess the progress as per the business plan. The start-up visa is perfect for UK residency and citizenship as the first step to immigration.
The best thing is that there are no minimum investment requirements under the startup visa. However, you need to have access to sufficient funds for operating a business. Here is what you need to know about the Start-Up visa –
- The duration of the start-up visa is 2 years. You cannot extend your stay after the visa has expired. You need to convert into another business visa, preferably the innovator visa.
- The startup visa also gives your family of four members access to the UK. They are free to work, travel, and live anywhere in the country.
- While there is no minimum investment, you need to have proof of funds and enough personal savings to support yourself while being in the country.
UK Tier 1 Investor Visa
One of the traditional forms of obtaining UK permanent residence for Indian investors is the Tier 1 investor visa. It enables you and your family of four members to migrate to the country.
You can eventually obtain UK citizenship through investment by meeting the eligibility criteria in the future. Under this visa, you do not need to establish a new business. However, once you migrate, you can invest in an existing business or start your own.
The UK Tier 1 investor visa can be obtained through three different investment options. It includes the following:
- £2 million for 5 years
- £5 million for 3 years
- £10 million for 2 years
After the duration is over, you can apply to get indefinite leave to remain in the country. You must have access to at least £2 million for entering the country under the Tier 1 investor visa. It will take around 3 months before you can migrate to the country.
In the wake of the pandemic, you will also have to pay a healthcare surcharge as a part of your application. Under the Tier 1 investor visa, you can stay for a maximum of 3 years and 4 months. After that, you can apply to extend this visa for another two years. And finally, you can apply for indefinite leave to remain in the country, which is an indirect form of UK PR for Indian investors.
There are no direct UK citizenship by investment programs. The above three business establishment routes are perfect for investors looking to migrate next year. They can avail the world-class healthcare, education, and economic opportunities that the country has to offer.
My Global Citizenship™ is a leading UK investment immigration visa company, enabling investors to migrate to the UK without any hassle.
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