If you want to live in the UK, you must have already started exploring possible ways to achieve this. Immigration experts point out that investment is the best way to do this. In this regard, applicants can apply for a level 1 entrepreneur visa or a level 1 investor visa.
Citizens of countries outside the European Economic Area and Switzerland can apply for these visas. If the permission is accepted, it allows you to stay in the country for three years. You can request an extension after the initial 3-year period for two more years. When you live for five consecutive years in the UK, you can apply for unlimited leave (ILR) or permanent residence.
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There are many benefits to investing in British citizenship, and we have discussed them below.
Financial thresholds
Entrepreneur and Level 1 visas both have different financial thresholds. To obtain a business visa, the applicant must have access to £ 200,000 from investment funds. However, there is an amount of £ 50,000. This is a useful option because it involves a lower level of investment. To add, it is necessary to form a management team that includes two candidates. In this arrangement, applicants can arrange for mutual funds through each contribution of £ 100,000.
The investor visa is designed for wealthy individuals. At least £ 1 million requires funds available to invest in companies in the UK. If the money is loaned, there are additional requirements of £ 2,000,000 in personal assets. The advantage of this method is the possibility of quickly obtaining British citizenship. Depending on the amount of the investment, the waiting period for permanent settlement is reduced. If the claimant invests £ 5 million, he can get a permanent settlement within three years, while if the amount of the investment is £ 10 million, the claimant can apply for British nationality within two years.
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No job offer required.
Level 1 Entrepreneur and Investor visas allow applicants or immigrants to start a new business in the UK or to invest in an existing business. If you are migrating to a country to work, you will need a sponsor work permit. The British citizenship investment scheme eliminates the need for a job offer and thus facilitates the application process for a long-term permanent establishment.
Easy qualification
Besides the investment criteria, there is not much when it comes to qualifying for the level 1 investor visa and the entrepreneur visa. The applicant will have to demonstrate his skills in English, demonstrate his ability to support his residence in the United Kingdom and undergo a health examination to exclude any severe illness. There is also an age standard. All of this, expect the health exam to obtain the investor visa to be abandoned.
Permission to take a family
When applying for a personal visa, the applicant can also request a permit for Her Excellency, his wife and children under 18 years of age. Dependents are automatically included in the investor visa regime. They have access to health, education and employment opportunities like any other British citizen.
More days of absence
If you wish to qualify for British nationality by investment, the period of absence must not exceed 450 days for five years. It must only be 90 days in the 12 months preceding the application for citizenship. The absence time is sufficient for anyone who has run a business in many countries.