Changes to Tier 1 – UK investor visa rules will take effect from 29th of March 2019
T
he United Kingdom parliament has announced this RECENTLY.
There are a number of revisions to the Immigration rules in order for the UKBA to guarantee that simply genuine immigrants are qualifying to have the investors visa.
Consequently, the individual shall render proof of evidence to establish that the Investment Fund has been in his control minimum for the past 24 months instead of 90 days beyond reasonable doubts. Further, he shall provide the source of funds.
Meantime, UK banks are obliged to confirm that required analyses have been completed before initiating an investment account. This requirement is being stiffened to make explicit that the bank must carry out all required due diligence investigations and Know Your Customer enquiries and authenticate that those have been done.
With the new changes, the Investment in government bonds are excluded and this is to incentivise Tier 1 applicants towards additional forms of investment which have a comprehensive need to charm supplementary investment funds.
The United Arab Emirates Investors scheme
UAE one of the richest countries in the globe with the seventh highest GDP per capita. Due to its' powerful economy, there are foreigners in recent years shown interest in relocating their business to the UAE. As a result, the UAE government is helping this category by placing investors programme in place.
The UAE immigration authority offers three years of residency on this ground. This becomes truly one of the best options for foreign business owners to establish their business or even to invest in an existing business in the Emirates. This residence permit allows the individual to legally work and reside in the country during his stay.
The main criteria for qualifying for investors visa is to deposit 10,000AED or 20,000AED to the government.
It is also mandatory to prove that this individual has sufficient funds to make a significant investment in the UAE company or to start a business in UAE.
After assessing all these concerns the immigration authorities are approving the prospected investment. Further, going through approving the visa. Finally, the investor will receive the visa from the consulate of UAE.
One of the most charming benefits is " NO TAX" to pay.
The downside is that the UAE visa does not lead to UAE citizenship unlike in the United Kingdom.
If you like to receive further information about the Tier 1 (Investor) route or UAE investors visa programme please contact us.
dhan.singhe@gemana.ae / +97144344253
