Thursday, November 14, 2024

UK receives steady inflow of 33 investor visa applications per month

UK has been receiving a steady flow of tier1 investor visa applications (golden visas).

 

The popularity of the scheme never abated due to brexit concerns or by recent announcement by home office on overhauling and tightening the scheme.

 

The tier1 investor visa applications are coming in at average rate of 33 applications per month for 2018.

 

The applications are being approved at an average rate of 30 applications per month with £2m for each application. This also means The UK has been receiving on an average of  £60 million investments every month through investor visas.

 

tier1 investor visa
Source: Home office

 

The UK government requires the £2m investment to be invested in gilts or invested in job creation

 

A total of 376 applications approved for investors during the year 2018, with UK collecting £750 million according to the Home office statistics

 

2018 Applications Approved Refused
Q1 104 96 3
Q2 79 94 2
Q3 107 96 5
Q4 107 92 7
Total 397 378 17

 

A total of 34 applications have been refused by Home office, keeping the refusal rate  8.5%

UK tier1 investor applications
Tier1 Investor visa – Approved applications for 2018
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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