【Alternatives to the Golden Visa!】 | MiExpert | All-in-one O
The UK Investment Visa is a Tier 1 visa granted to rich people willing to invest a minimum of £2 million in the UK. It is a part of the UK Points Based System - the speed and efficiency in which a person may apply for settlement and subsequently British citizenship is proportional to the money they have invested. This was one of the to-go visas for wealthier people hoping for a quick move to the UK.
The visa category is often reserved for seasoned business professionals who want to launch a company in the UK. You are permitted to remain in the UK for a maximum of five years with your family. After spending five years in the UK, you can apply for permanent settlement with the status “Indefinite Leave to Remain”.
Eligibility for this visa is dependent on whether your business idea is:
- New: you cannot join a pre-existing business
- Innovative: the business idea must be different from everything else on the market
- Viable: has a potential to grow with investment and time
The Global Talent visa program is open to experts in the arts, culture, and digital technology. It requires endorsement by a recognized organisation, and is only given out in five-year intervals, so you might have to wait quite a bit before the next term comes around. The visa is great since it is easily renewable upon expiration.
Endorsing bodies include:
- Tech Nation [for DigiTech]
- Arts Council England [for Arts and Culture]
- British Academy
- Royal Academy of Engineering
- Royal Society
- K. Research and Innovation [UKRI]
The new Scale Up visa system seeks to promote innovation by simplifying the procedure for "Scale Up" enterprises to bring in extremely highly trained and academically elite individuals to the UK.
Scale Up enterprises are ones that are deemed to be rapidly expanding and have to meet the criteria listed below:
- Comprised of a minimum of 10 people at the beginning of the three-year term
- Have an annual average revenue or employment growth rate throughout that time that is larger than 20%