Thursday, November 14, 2024

63% increase in UK Tier 1 Investor visas issued in 2017

UK has approved 355 Tier-1 investor visa applications (main) in 2017, compared to only 217 applications in 2016 which is a 63% increase in percentage. There has been also 21% increase in entrepreneur visa applications, according to latest immigration statistics published on Feb 22.

The popularity of UK investor visas is still on the rise, despite Brexit referendum.

UK requires access to £2 million minimum investment for tier 1 investor visa and for tier 1 entrepreneur visas, investors must have access to  £50,000 or upto £200,000

 

UK investor visas

Dependent applications have declined in contrary to the main applications.

 

Applicant type Category 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4
Main applicant Tier 1 – Investors 43 40 73 61 75 85 114 81
Main applicant Tier 1 – Entrepreneurs 213 197 202 200 227 222 229 305
Dependant Tier 1 – Investors 67 68 134 104 96 117 205 116
Dependant Tier 1 – Entrepreneurs 413 466 472 346 344 401 281 511

 

Applicant type Category 2016 2017
Main applicant Tier 1 – Investors 217 355
Main applicant Tier 1 – Entrepreneurs 812 983
Dependant Tier 1 – Investors 373 438
Dependant Tier 1 – Entrepreneurs 1697 1537

 

Tier 1 Investor Top Countries

Country of nationality
Main Applications
2017 Q1 2017 Q2 2017 Q3 2017 Q4 Total Result
China 27 26 39   92
Russia 6 13 13   32
Hong Kong 8 3 10   21
Turkey 3 8 5   16
United States 1 6 6   13
Canada 4 6 1   11
Mexico 5 1 1   7
Brazil 0 2 4   6
India 1 4 1   6
Pakistan 2 1 3   6
Australia 1 2 2   5

Tier 1 Entrepreneur visa Top Countries

Country of nationality Main Applications 2017 Q1 2017 Q2 2017 Q3 2017 Q4 Total Result
China 27 39 61   127
United States 17 26 32   75
India 24 19 10   53
Pakistan 20 8 21   49
Hong Kong 14 20 8   42
Russia 6 11 10   27
Korea (South) 13 5 3   21
Iran 7 6 7   20
Australia 7 9 3   19
Egypt 8 3 8   19
Canada 5 5 7   17
Israel 4 5 5   14
South Africa 2 6 6   14
Malaysia 8 2 3   13

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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