The United Kingdom has declared the termination of the Golden Visa pathway, and presented three alternatives for potential investors. The Tier 1 investment visa in the United Kingdom, sometimes referred to as the "Golden Visa," was among the visas impacted by the Russia-Ukraine war. Home Secretary Priti Patel declared its abrupt termination.
The UK Investment Visa, classified as a Tier 1 visa, is awarded to affluent persons who intend to invest a minimum of £2 million in the United Kingdom. It is a component of the points system used in the United Kingdom. The earlier an individual applies for settlement and then acquires British citizenship, the greater amount of money they will have invested.
The UK visa program, known as the Scale-Up visa regime, aims to promote innovation by streamlining the procedures for attracting highly skilled and experienced persons, as well as academic elites, to the UK. Scale-up companies, which are experiencing rapid expansion, must satisfy the following criteria:
A triennial period with a mean annual growth rate of over 20% in terms of income or employment.
The program has not yet been implemented, and there were at least 10 employees at the start of the three-year period.
The UK Innovator Visa is often designated for experienced entrepreneurs seeking to establish a business in the United Kingdom. You are permitted to reside in the United Kingdom for a duration of up to five years with your family. Upon completing a five-year residency in the UK, individuals are eligible to apply for permanent settlement, often known as indefinite leave to remain.