Broadly put UK visa statutes for immigrants has been classified into tier system – Tier-1 and Tier 2 eligibilities are assessed on basis of point based evaluation of migrant profiles.
Especially from Asia and primarily India more and aspirants have been lining up to grab opportunities to shift to UK.
Introduced in 2008, and prior to the changes in November 2014, the Tier 1 Investor Visa allowed an individual with a minimum of £1m to invest in the UK to stay in the UK long-term. UK Visa and Immigration Services (UKVI) said that applications lodged from 5 November 2014 will be considered under the new rules. Under the previous rules, £750,000 of the minimum £1m investment had to be invested in UK government bonds, share capital or loan capital in active and trading companies registered in the UK. It is hoped that the Tier 1 investor visa will continue to be attractive for high net worth individuals seeking entry to the UK.
Tier 1: Highly esteemed emigrants who can really contribute to UK’s economy. These marks are obtainable if a migrant has Requisite stipulated investment ready funds, or Qualifying financial profile and credit facility from a designated UK financial institution.
Under Tier 1 (Graduate Entrepreneur) a route exists in which international graduates who have been officially endorsed by either the Department for International Trade (DIT) or a UK higher education institution (HEI) can apply to remain in the UK to pursue their business ventures.
Graduated business owners: Annual sealing of 1000 applications and only those migrants can file under this class who are already residing in UK and have been identified by UK academic establishment as having potential in business ownership or innovation and ability to apply innovative ideas.
The £250,000 that remains could be invested in other UK assets including a UK property with no mortgage or as cash held in a UK bank account.
“Under the Tech Nation banner, this country that has brought so much innovation to the world and leads in sub- sectors such as fintech, cybersecurity, artificial intelligence, robotics and life sciences, will build a national network of digital excellence so that the UK will continue to be recognised as one of the best places in the world to start or grow a digital tech business,” said Eileen Burbidge, chair of Tech City UK. Among the other measures unveiled for the digital industry include a 21-million-pound investment towards the expansion of Tech City UK into a nationwide network called Tech Nation and another 20-million-pound fund to help public services take advantage of UK expertise in innovative technologies like Artificial Intelligence (AI). The 2,000 visas will be made available to individuals who are recognised as existing global leaders or promising future leaders in the digital technology, science, arts and creative sectors by one of five UK endorsing organisations Tech City UK; Arts Council England; The British Academy; The Royal Society; and The Royal Academy of Engineering.