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Rabat – If you want to live in the United Kingdom, you have probably considered the possible routes to citizenship, like further studies or work.
You might be surprised to hear that specialists in immigration law claim investment is the best approach to citizenship. Candidates need only to submit an application for the Level 1 Business Owner Visa or the Level 1 Trader Visa.
Nationals of states outside the Western European Economic Area and Switzerland who meet the criteria to submit an application are eligible for either visas. If approved, the visa lets you stay in the UK for three years, after which time you can easily seek an extension for 24 additional months. After staying five sequential years in the UK, you may submit an application for Indefinite Leave to Remain (ILR), or long-term residence.
Economic Thresholds
The Level 1 Business owner and Trader Visa have different economic thresholds. For the business-owner visa, the candidate must have access to GBP 200,500 in capital. On the other hand, there’s a preventative measure for GBP 50 ,000. It is a beneficial option since it requires a lower investment. Individuals can also develop a business team comprising two candidates. In this setup, the candidates can make an agreement to invest and earn citizenship by each providing GBP 100,500.
No Job Offer Required
Both the Level 1 entrepreneur and trader visas make it possible for the candidate to set up a solid business in the UK or to invest in an existing business. However, if you immigrate to the UK for work, you will have to obtain a work permit from a particular sponsor. Citizenship by investment depends on the requirement for a job offer and therefore speeds the entire process of submitting an application for permanent residence over the long term.
Easy Skill Set
Aside from the investment, there are not many requirements to be approved for the Level 1 entrepreneur visa and businessperson visa. The candidate will only need to prove her English proficiency, ability to sustain her stay in the United Kingdom, and pass a health and fitness check to rule out severe illness.
Authorization To Bring Your Family
While trying to get your personal visa, you can also submit an application for the visas of your dependents, your partner and children under eighteen. Your dependents are inevitably included in the entrepreneur visa plan.
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