Two very different potential clients asked me if now was a good time to apply for a Tier 1 (investor) visa.
Despite what you may think, investors can be risk averse. It therefore stands to reason that before investing £2,000,000 or more in the UK, potential investors from outside of the European Economic Area (EEA) and Switzerland will wish to know if they (and their families) will be welcomed and if they can expect further obstacles to the application process.
Such questions were raised in the post-Brexit climate. Given that immigration control seemed to form a large part of the Brexit debate and possibly its outcome, it is expected that overseas nationals should question whether now is the time to relocate to the UK.
To assess this, we need to look to the UK economy. Recent figures from the Purchasing Managers’ Index (PMI) showed a seven-year low for the economy as it contracted at its steepest pace since the banking crash of 2008/ 2009. The Bank of England has limited tools left for stimulating the economy having reduced interest rates to an all-time low of 0.5%. It will soon fall to the UK Treasury to come up with some interesting and maverick ways to boost the economy. Making the UK further attractive to overseas investors is one such route.
A financial adviser can advise on the benefits of individual investment opportunities. But from an immigration perspective, there seems to me to be no better time to apply for a Tier 1 (Investor) visa and invest £2,000,000 or more in UK government bonds, share capital or loan capital in active and trading UK registered companies.
And besides, the UK still has so much to offer.
Over to you as I would be interested to hear what you think.