UK Residency by Investment

UK Residency by Investment

Description

UK-Residency-by-investment

Since the British government closed the way to Entrepreneurial Britain, the Representative route has overtaken as a serious alternative to businessmen and women looking to obtain Investment Residency and move into the British market.

This route has become very popular that overshadowed the popularity of the Tier 1  Entrepreneurial route because it has major attractions as there are no prerequisite for investment funds or the amounts of financing, and successful overseas business is not required to demonstrate accessibility to a certain level of investment funds prior to submitting their application. 

Noting that they will require the business to submit their Global Business Activities including assets and accounts as part of the application to the Home Office.Further, the application should accompany a detailed business plan for the intended UK business activities.


What are the conditions to be met by an applicant for the manager residency in the UK?

It is important that you understand whether or not the applicant is qualify under this route. This route is not suitable for everyone. There are several conditions that the applicant must notice it:

  1. Has been recruited and employed outside the UK; and intend to work full-time for the current employer once he/she is in the UK;
  2. Be a senior employee of the overseas business; and has full authority to make operational decisions on behalf of the Home Office;
  3. Has extensive industry related knowledge; and
  4. Fulfill the English language requirement. Citizens of the following countries have an exemption from this condition: Antigua and Barbuda, Australia, the Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Jamaica, New Zealand, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, and the USA.
  5. The applicant must not intend to undertake any other employment;
  6. The applicant must not be a majority shareholder of the company’s assets, meaning that the share does not exceed 49% of the company’s shares.

What are the conditions to be met in the company?

  1. Have its business headquarters and principal place of business outside of the UK.
  2. Established outside the United Kingdom and has been operating for five years at the date of application.
  3. Have no active branch, subsidiary or other representative of the business in the UK.
  4. Intend to establish and operate a registered branch or wholly-owned subsidiary of that overseas business;
  5. Intend for the registered branch or wholly-owned subsidiary to operate in the same kind of business activity as the overseas business.

What are the Advantages of the Manager Residency Program in the UK?

  • The spouse, in addition to dependent children, can apply to join the main applicant.
  • Dependents will receive the same visa period as the main applicant.
  • Dependents can also work without restrictions.
  • All children on this Visa route can have to a state education. They can also be students in private schools.
  • Application only takes 8 weeks.

What are the Benefits of Obtaining Manager Residency in the UK?

  1. If successful, the Home Office grants an initial Visa of three years and the applicant has the right to extend for a further two years. After five years the applicant can apply to settle permanently in UK.
  2. The British passport is one of the strongest travel documents in the world.
  3. Britain has a long history of political stability.
  4. Britain’s tax laws are clear and encouraging investment.
  5. Free primary and secondary education.
  6. The best public and private universities and educational institutes.
  7. Access to Free medical care in the UK.

What are the steps for obtaining the manager residency in the UK?

  • Firstly: Read and agree to the terms and conditions.
  • Secondly: Sign a contract with NTL that requires it to perform all procedures through the company’s lawyer in the United Kingdom.
  • Thirdly: Organize the payments of deposit and fees to NTL.
  • Fourthly: Create a business plan for the office.
  • Fifthly: Ensure payment of all fees.
  • Sixthly: Review the company papers, representations, permits, and applications.
  • After that: Submit the application to Home Office.
  • Finally: Await decision.

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