Becoming A British Citizen Gets Easier With Fast-Track UK Citizenship

Becoming A British Citizen Gets Easier With Fast-Track UK Citizenship

Foreign nationals are entitled to UK citizenship by investment, but there is a condition to it. One has to wait 5 years in order to apply for indefinite leave to remain (ILR) or permanent residency. Often times, the 5 year wait seems too long for those who want to settle faster in Britain.

There is good news as the UK government has introduced a special provision cutting short the waiting period for citizenship. It is now possible to obtain a fast track UK citizenship by investing a higher amount. However, the main drawback of this system is that it caters only to the high net worth individuals. Higher the investment fund at your disposal, shorter is the waiting period for indefinite leave to remain.

As per the revised immigration rules and policies, high value investors and entrepreneurs will be allowed to settle fast track in Britain. For this, they will have to deposit £5 million in a regulated financial institution in the United Kingdom. Investors that abide by this rule will be offered citizenship after 3 years from the date of entry. This is 2 years earlier than the 5 year wait applicable to other migrants. Also, a foreign national willing to deposit £10 million in a regulated financial institution in the UK is entitled to a fast track UK citizenship even earlier, only after 2 years from the date of entry.

The government has also made provisions for entrepreneurs and relaxed the qualification criteria for permanent settlement. According to this policy, an entrepreneur can apply for permanent settlement in Britain if:

  • He has managed to create 10 jobs within the time frame
  • He has managed to earn an annual turnover of £10 million a year for the business

This is a welcome step for those individuals who find it hard to arrange the investment money of £5 million and £10 million to become eligible for permanent settlement.

This is not all when it comes to attracting a fast track UK citizenship. The recent amendments have also increased the number of days an applicant can spend out of the country and yet qualify for permanent residency rights. The number has been doubled from 90 days to 180 days per year. The provision is being considered as one of the most important moves because this is often a reason entrepreneurs fail to qualify for permanent settlement. It is difficult for investors and business persons with enterprises and establishments in several countries of the world to reside in the UK for 9 months as per the earlier rule.

The government officials consider this move as a measure to encourage foreign investors and entrepreneurs to establish their business in the English nation or to encourage them to invest in existing enterprises. This will indirectly boost the European economy and take it towards progress. It is expected that the reduced stringency with respect to Britain’s immigration law will double the number of high value investors and entrepreneurs residing in the country.

And, while you are busy working harder, but not smarter, many CEOs are totally FEDUP of your lack of creativity and collaboration skills.

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