In lieu of investing in, and operating, a business, anyone with £1.0 million to spare may migrate to Britain on a one-year permit until “indefinite leave to remain” is granted four years after the making of a qualified investment.
The requirements for approval include:
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£1.0 million to be brought to, and invest in, the U.K.,
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the intention to make the U.K. one’s principal residence,
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sufficient additional assets to support oneself and one’s accompanying
dependants without having recourse to public assistance.
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SCOTLAND: Oban, Strathclyde |
The investor is permitted to borrow any portion of the £1.0 investment so long as s/he has a proven net-worth of at least £2.0 million and a regulated financial institution gave the loan. The net-worth may include the assets of an accompanying spouse but are limited to liquid assets, real estate, business interests and art. The value of jewelry and vehicles is not considered.
The investment doe not need to precede migration to Britain, but the four-year period leading to “indefinite leave to remain” commences only after the investment has been made. Because the purpose of this programme is to infuse capital into British firms, the investment may not be limited to bank deposits, off-shore companies or property-holding companies. (Construction companies or other active real-estate-related companies, however, are suitable investment targets.) At least £750,000 must be invested either into unit trusts of companies meeting the Investor Rules Requirements or into private companies so long as, in the latter case, the investment is substantiated with documentation signed on behalf of the company into which the investment was made. The remaining £250,000 may be similarly invested or may be invested in banks, property companies, unmortgaged real estate or art. The investment(s) may be held in either or both spouses names.
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