United Kingdom has an official `Investor Immigration Program` for wealth and high net worth individuals who make a substantial high investment in the economy and development in the United Kingdom.
As of April 2011, the UK govt has announced that it will give `red carpet` to foreign investors and entrepreneurs by giving more incentives and ease the restrictions.
UK Investor Immigration Program
Under this program, foreign nationals who are interested to immigrate to UK are required to make a high net worth investment, not less than million pounds.
The minimum investment required is GBP£ 1 million, of which GBP£ 750’000 has to be invested atleast for 5 year term in Government bonds, loan or share capital. The investor is not allowed to invest this money in property, bank or building society account or companies offshore and no employment. The investor is free to do whatever he wants with the remaining money. Financing option is available but the investor has to prove that he/she has atleaset GBP£ 2 million in assets.
The processing time is the fastest compared to other countries of about 2 months (8 weeks) to get the approval from the government. Personal interview, Business experience, and Medical examination may be waived for investor visa. The investment must be made within 3 months, after entering UK. The investor is allowed to bring with family and children under 18yrs of age.
Upon successful approval of the application, the investor will be given a 3 year visa and afer 5 years of legal residence in the UK, they qualify for `permanent residence` or `ILR indefinite leave to remain` status, provided the investor has maintained the invested money of £ 1 million, as stipulated by the program. The investor will be eligible to applly for `British citizenship` after 1yr of receiving ILR status, and there are different formalities for this. UK allows `dual nationality` but please keep in mind that your home country may not recognize it.
With proper tax planning, one can mitigate the direct applicable taxes, as in most most cases foreigners can avoid direct taxation if the income earned is outside UK.