New Immigration Rules
UK offers quick settlement for overseas big investors
The UK government has offered rich foreigners a fast-track settlement in Britain under a new immigration rules for high-value investors and entrepreneurs.
Under the new rules, those who come to the UK and invest large sums of money will be given the right to settle permanently in the UK faster.
Overseas top investors will be given the right to stay in the country permanently after only three years in return for depositing £5 million in a British bank account.
While an overseas investor who can deposit more than 10 million pounds in the UK will get the right to stay even quicker, after only two years.
This compares with the minimum five-year requirement that is currently in place, according to a press release of the British High Commission in Dhaka yesterday.
"Today I have sent out a clear message -- the UK remains open for business and we want those who have the most to offer to come and settle here," British Immigration Minister Damian Green said on Wednesday (March 16) while announcing the package that aims to attract rich people to Britain.
While the standard investment threshold for an entrepreneur to qualify for a visa will remain at £200,000, the government will also make provision for high potential businesses to come to the UK with £50,000 in funding from a reputable approved organisation, for example venture capitalists, including angel investors, or through seed competitions.
Major investors will also enjoy more flexibility, as they will be allowed to have spent up to 180 days a year, rather than 90 days, outside the UK before they lose their right to settlement.
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