On 20th March 2018, Theresa May confirms the alleged leave time and date from the EU to be at 11pm on Friday 29th March 2019. Having this date confirmed, many foreigners living in the UK, either on a BRP card, work permit or visa, have concerns regarding their residency status in the UK once Brexit takes full effect. A question on many foreign investors lips remains; what is the likelihood of this impacting UK residency via the Tier 1 investor visa*programme?
Luckily, the question has a fittingly great and simple answer: no changes are to be made towards the Tier 1 investor visa programme. Foreign investors, who are eligible for the programme, can apply and invest into the UK as they have done so before.
The only noticeable change is that the immigration law firms (who deal specifically with these investor programmes) have seen a drastic increase in demand for them, especially from Chinese investors. With the Financial Times reporting that the “total Chinese investment into the UK reached £20.8bn in 2017”. This has continued to rise in 2018.
Foreign investors see the UK as a prosperous investment due to the economic stability, international connections and educational prospects, as well as the UK being among the safest places in the world; regardless of any risks related to Britain leaving the EU.
For more information regarding the UK residency via Tier 1 investor visa programme, please contact us through our contact form, call or email and we will get back to you as soon as we can.
*Often referred to as the UK “Golden Visa”