What is British Golden Visa

At Night 10:00pm on Friday Evening, ,15th November 2015 in safardgunj road, at least 20 Indians with £2,000,000/- registered for British Golden Visa. In 2016, another 20 Indians, followed by 2017,2018 and since it is going on each year. Investment visas are called golden visas, though the official visa category changes from country to country.Wealthy individuals typically opt for it as an easy route to settle in advanced western countries as it requires making the necessary investment as determined by the country one applies to. The investment also significantly shortens the waiting period in comparison to applying for permanent residency (PR). It also differs from PR in terms of not requiring a candidate to demonstrate their skills and secure a job in the country they apply to. Many high-net worth individuals in India use a golden visa to settle in the UK, United States, and Canada. For instance, in the US, an individual can make an investment of $1.8 million to receive a golden visa.

UK’s Terms

In the UK, one needs to apply for a Tier 1 Investor Visa, which is granted to individuals who invest at least £2 million in the country. A golden visa-holder can stay for three years and four months, but cannot avail of any public funds, such as “benefits, tax credits and housing assistance”.If the visa recipient wishes to settle in the UK, they have three options:

  1. Apply to settle after 2 years if they invest £10 million.
  2. Apply to settle after 3 years by investing £5 million.
  3. Apply to settle after 5 years if they invest £2 million.

Criteria- For UK Investor Visa

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The criteria specify that the applicant must show that they have money of their own under their control in a regulated financial institution amounting to no less than GBP 2 million. The individual must invest for five years in the UK by way of UK share capital or loan capital in active and trading UK-registered companies (other than those principally engaged in property investment). Investment in government bonds and offshore companies is not permitted. The applicant is not required to show business experience or the ability to speak English. Some nationals (Chinese, Nigerian, Russian, among others) are required to undertake a TB test before submitting their application. Investors are permitted to be gainfully employed under this visa or undertake a course of study in the UK.

The UK expects the investor and their family to intend to make the UK their main home. In order to be granted indefinite leave to remain (ILR), the main applicant and their spouse should not spend more than 180 days per year outside the UK. All children who originally applied as the main applicant’s dependents will only be granted ILR if both parents are eligible for ILR. The applicant will initially obtain the Tier 1 visa for 40 months. Within three months of entry into the UK, they are required to make the investment of GBP 2 million, which must be maintained throughout the period of leave. At the expiry of the initial 40-month period, the investor must apply for an ‘extension of stay’. The UK government will grant a two-year extension of stay to the whole family if the investor has satisfied the requirements for leave to enter, that is, if they have maintained the investment and adhered to the other general conditions for leave to enter.

UK Tier 1- Investor Program

United Kingdom has an official “Investor Immigration Program” for wealth and high net worth individuals who make a substantial high investment in the economy and development in the United Kingdom. The minimum investment required is GBP £ 2 million has to be invested atleast for 5 year term in Government bonds, loan or share capital. ILR (UK permanent residency) is issued after 5 years. The investor is not allowed to invest this money in property, bank deposit. No employment is allowed. The investor is free to do whatever he wants with the remaining £ 250,000 money. Financing option is available but the investor has to prove that he/she has atleaset GBP£ 2 million in assets. For investments over £ 5 million, ILR is received after 3 years, and for investments over £ 10 million, ILR can be received after 2 years.

Initially, upon successful approval of the application, the investor will be given a 3 year entry clearance visa, with 2 year renewal and then afer 5 years of legal residence in the UK, they qualify for `permanent residence` or `ILR indefinite leave to remain` status, provided the investor has maintained the invested money of £ 1 million, as stipulated by the program. Once ILR has been granted, you may travel in and out of the UK any time. But you should not spend more than 2 years consecutively outside the UK.

  1. No personal interview.
  2. No english language requirement to obtain visa.
  3. No prior business experience needed.
  4. No medical examination.
  5. Government interview is often waived.
  6. Processing time is very fast, often 1 week to 6 weeks.ghout the 5 years under this route.
  7. We can definitely take care of assisting the client with the first leave to enter and all the legal issues.

Eligibility Criteria

The criteria specify that the applicant must show that they have money of their own under their control in a regulated financial institution amounting to no less than GBP 2 million. The individual must invest for five years in the UK by way of UK share capital or loan capital in active and trading UK-registered companies (other than those principally engaged in property investment). Investment in government bonds and offshore companies is not permitted. The applicant is not required to show business experience or the ability to speak English. Some nationals (Chinese, Nigerian, Russian, among others) are required to undertake a TB test before submitting their application. Investors are permitted to be gainfully employed under this visa or undertake a course of study in the UK. The UK expects the investor and their family to intend to make the UK their main home. In order to be granted indefinite leave to remain (ILR), the main applicant and their spouse should not spend more than 180 days per year outside the UK. All children who originally applied as the main applicant’s dependents will only be granted ILR if both parents are eligible for ILR.

The applicant will initially obtain the Tier 1 visa for 40 months. Within three months of entry into the UK, they are required to make the investment of GBP 2 million, which must be maintained throughout the period of leave. At the expiry of the initial 40-month period, the investor must apply for an ‘extension of stay’. The UK government will grant a two-year extension of stay to the whole family if the investor has satisfied the requirements for leave to enter, that is, if they have maintained the investment and adhered to the other general conditions for leave to enter.

UK Residency Requirements

All foreign nationals applying for UK investment programs, must commit to live in the UK on long term basis. Uninterruptedly live in the UK for 5 years, and have not spent more than 450 days outside the UK in 5 years, and Have not spent more than 90 days outside the UK in the 12 months preceding the application. Once UK citizenship has been granted, there is no restriction on time spent outside the UK. The UK allows to have more than one nationality.

British Passport

The investor will be eligible for “British citizenship” after 5yrs of stay in the UK. UK freely allows dual nationality with other countries. The British passport is the top 3 best travel documents in the world with visa free access to over 150 countries in the world.

Is there any Cheaper Option?- Hell Yes!!!!

Additional Residence Visa Options — Innovator Program

The Tier 1 Innovator visa is aimed at those who can demonstrate relevant experience in business. It requires an individual to set up or run an existing business in the UK. The applicant must be at least 18 years of age and have at least GBP 50,000 in investment funds if they want to set up a new business. They do not need funds if their business is already established and has been endorsed for an earlier visa. The funding can come from any source. Before one applies, one needs to have one’s business or business idea assessed by a Home Office–approved endorsing body. They will assess the viability of the business or business idea and, if approved, provide an endorsement letter to submit with the application.

The immigration rules distinguish between applicants who apply under the ‘new business’ criteria and those who apply under the ‘same business’ criteria. Individuals who go to the UK for the first time will need to apply under the ‘new business’ requirement. Successful innovators are granted leave for three years at a time and can bring their family members to the UK. After three years, innovators can apply to extend their stay for a further three years or to settle permanently in the UK under indefinite leave to remain (ILR). Each of these three stages (initial application, extension, settlement) requires endorsement from an endorsing body. To qualify for ILR under the Tier 1 Innovator visa category, applicants are required to meet certain criteria, detailed in the downloadable UK Innovator Program factsheet.

Eligibility Criteria

Applicants must:

  1. Have an intention to work full-time for their current employer in the UK and must have been recruited and employed outside the UK.
  2. Maintain a physical residence in the UK to avoid losing their permanent resident status.
  3. Pass the ‘Life in the UK’ test and an English language exam.

The company:

  1. Must have its headquarters and principal place of business outside the UK.
  2. Must have no other branch, subsidiary, or representative in the UK.
  3. Must not have transacted business in the UK.
  4. Cannot have any employees in the UK, although it can have previously used agents, such as distributors, in the UK.
  5. Must be the same type of business as the parent company, which must still be actively trading and remain centered overseas.

Procedures and Time Frame

Prospective investors who are senior employees of an overseas business and would like to go to the UK to set up and run a UK branch or wholly owned subsidiary of that business may be able to submit an application for a sole representative visa. Married or unmarried partners and dependent children under 18 can apply to live in the UK along with the sole representative. Successful applicants will be given permission to enter and remain in the UK for up to three years initially. Applicants from certain countries will be required to register with the police within seven days of their arrival in the UK. Beyond this, they will need to submit a further application for leave to remain, which would be valid for two years. After five years in the UK in the sole representative visa category, successful applicants may be granted permission to remain in the UK permanently.

Immigration Ultimate offers a wide range of services and products for aspiring overseas students, professionals and graduates including Work visa, study visa, TR visa, PRvisa, Family reunification visa for many countries.

If you are looking to Study, Work, Visit, Invest or immigrate to any country, talk to Immigration Ultimate, the World’s No.1 Immigration & Visa Company. email: info@immigrationultimate.co.in, www.immigrationultimate.co.in or call us at +91-33-4600-0504 or +91-9051956387, Also subscribe and visit our social media:
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