Opening and running a business in the UK opens doors of opportunities. Many factors account for this: a suitable environment for business; strong economy; and a high standard of living. These factors keep investors trooping to the UK each year and make the country a top destination for business.
The British government has made conscious efforts to encourage and attract investors to come to the UK to do business. These efforts include the flexible visa options that could lead such investors to get a permanent residence permit or even British citizenship in the future.
The UK is a top destination for many well-to-do business owners who come to the country to do business while making arrangements to settle with their families in the country. The UK welcomes wealthy people who want to contribute to its economy.
Applicants must show potential in establishing and running their own business or ability to invest in an already-established business. New opportunities are created yearly, and this makes investors troop to the UK and with fresh ideas, investment plans and their financial strength to compete in the dynamic and flexible UK market.
The UK Tier 1 Entrepreneurship Visa
This is a category of the UK Business Visa designed for investors of a high net worth to invest in the UK by either buying an existing business in the country or opening their own. It is a fast and very secure route to obtaining a residency permit in the UK. After receiving the residency, the investor can go ahead to apply for citizenship after having stayed in the country for a certain period.
The UK Tier 1 visa has a 3-year validity and can be renewed by investing an extra £2 million in Britain. The investor need not be fluent in the English language to obtain the visa. The amount invested will determine the length of stay that will be allowed the applicant.
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