As the pandemic continues to affect everyone’s lives, high net worth individuals (HNIs) from India are opting for the Golden visa UK, which allows holders of this permit to live in the country through investment. Once the applicant has invested in a business, or purchased real estate in the country, the visa-holders and family members will be eligible to live, work and study in the country that offers the golden visa, as well as benefit from the advantages that comes with it.
There are many countries that offer the golden visa, so for wealthy Indians, some of the key factors to decide which golden visa to choose is the potential for international business, the top level education, and the healthcare system offered in the country. According to Global Wealth Migration Review India, nearly 5,000 millionaires have left the country in 2020, and an average growth of 50% has been shown for Indians that have sought to emigrate through investment.
How to get the Golden Visa UK
Moreover, India ranks top among the countries which have used the most number of Golden Visa UK. As of 2017, 72 wealthy Indians along with the 84 dependants have obtained the UK Tier 1 Investors Visa, whereas the permit-holders can stay legally in the UK for three years and four months. In order to apply for this golden visa, the applicant must choose from three investment options:
- Investment of £10 million and the opportunity to obtain permanent residency after 2 years
- Investment of £5 million and the opportunity to obtain permanent residency after 3 years
- Investment of £2 million and the opportunity to obtain permanent residency after 5 years
Benefits of the Golden Visa UK
The Golden Visa UK is considered by Indians to be more attractive than other golden visas offered in other countries, such as Australia and the United States, because of the positive economy in the UK, as well as the beneficial healthcare system are aspects that have gained interest for the particular situation the pandemic has brought. Obtaining the Golden Visa UK ensures Indian entrepreneurs for a more comfortable lifestyle, as well as a great location for professional career growth.
Residency after Brexit
The changes that Brexit has brought may turn Indians into another option rather than the Golden Visa UK.
The visa programme that is becoming popular among Indians are the Golden visas that allow applicants to live, work and study in an European country. This investment option will give them the opportunity for top-quality education, and low-cost of living, as well as to travel within the Schengen Zone, a chance to visit neighboring European countries for leisure or business.
Nevertheless, one of the main reasons investors bet for a golden visa is for the opportunity to expand their business opportunities towards a more fruitful land, as well as to ensure a better lifestyle for their family.