How To Apply For UK Citizenship By Investment

Acquiring citizenship in other countries has become quite normal these days. Blame it on globalization or the bustling opportunities, people are constantly looking for ways to settle abroad. One such prominent nation which earns a top rank in this sector in the United Kingdom.

The country provides amenities such as quality medicine, a high standard of living, and a developed education sector, which makes it a suitable choice for immigrants. The blog below discusses citizenship by investment in detail for all those who are planning to obtain a residence permit in the UK.

Few pointers which give proper insight to the program. 

1. Introduction To The UK Citizenship By Investment:
   It was back in 1994 when the gates of the United Kingdom opened for foreign investors and immigrants. But after the introduction of the new-point-based system in 2008 the visa category was broadly divided into Tier-1 Investor and Tier-1 Entrepreneur visas.
   Although in 2019 the British immigration authorities stopped processing the Tier-1 Entrepreneur visa, nothing specifically changed for investors. So, if you are planning to obtain permanent residence in the United Kingdom then Investor/Innovator Visa Tier-1 is the fastest route to do so. Other immigrant visas for permanent residency in the UK are:

   #Solar Representative: This visa is for working as a business representative in the UK.
   # Global Talent Visa: This one applies to academics, cultural and scientific workers.
   # Tier-2 Visa: A work visa for a company with an employee quota.

2. Application Process of Tier-1 Investor Visa:
   For everyone who is willing to apply for Tier-1 Investor Visa, certain guidelines have to be kept in mind. First of all the online form shall be applied three months before traveling to the UK. The applicant must have extensive documents and evidence to support eligibility which include:

   # A valid passport with one blank page or another form of identification for travel.
   # Criminal record certificate.
   # Evidence of the investment amount and where it is held.
   # Confirmation regarding the source of the funds.
   # Evidence that the applicant has a bank account that is regulated by UK financial institutions.
   Apart from this individuals from certain countries might also require a tuberculosis test.

3. What Kind of Investment The Applicant Has To Make for Tier-1 Visa?
   The current application fee for a Tier-1 visa starts from £1623 which does not include the immigration healthcare surcharge. The United Kingdom also allows the applicant and his family member to obtain citizenship by investing £2,000,000.
   It is usually seen that the Tier-1 visa initially provides a window of 30-days to the applicants, which is then extended to 40-months upon arrival. Within three months after entering the UK, investors are required to buy corporate shares or bonds of UK companies.
   Another scenario states that the investors can extend the visa for two years, provided that the initial investment made is duly maintained. Apart from this, the qualifying period for citizenship is also proportional to the investment made by the immigrant:

   # If you have invested 5 million, then you can apply ILR (Indefinite Leave To Remain) after three years.
   # If the investment you have made is around 10 million then ILR can be applied after two years.

4. Benefits of British Citizenship:
   Having British citizenship provides applicants with all means of amenities. First of all, UK citizenship provides access to 185 states including the USA, Canada, Australia, and Japan. The United Kingdom also ranks high as a nation with stable politics, economy, and numerous privileges such as:

   # There are many Global Fortune 500 companies in and across London that help people to earn handsomely.
   # The Equality Act in the UK protects equal rights when applying for a job, preventing discrimination based on nationality and gender.
   # While medical services in the country are free for the citizens, prestigious universities help shape the career of students.

Although the route from UK visa to citizenship is slightly challenging to navigate, it can’t be denied that the prospect of working in the nation is diverse. Thus, with careful investment activity, and up-to-date legal advice, applicants can easily work their way into UK citizenship by investment.

Have you read?

# Best CEOs In the World Of 2022.
# Best Citizenship and Residency by Investment Programs.
# These are the world’s most and least powerful passports, 2022.
# The World’s Richest People (Top 100 Billionaires, 2022).
# Case Study: Warren Buffett, LVMH’s Bernard Arnault, Apple’s Tim Cook, and Elon Musk.