The United Kingdom (UK) is the land of opportunities, with many investors and entrepreneurs wishing to come to the UK for many reasons. Due to this, there are several routes of entry. One of the most popular way is by applying for a Tier 1 Entrepreneur Visa.

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According to the United Kingdom’s Office of National Statistics (ONS), 2017 had a record-number of Tier 1 Investor Visa Program applicants between January and March of that year. This figure is the highest number of Tier 1 Investor Visa applicants recorded since 2014, stated the ONS report. Even with economic figures on the rise in the UK, you may be wondering, “what makes post-Brexit Britain so appealing to global investors?” The answer to that is simple, and we’ll tell you why.

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According to the Independent.co.uk, a recent 'citizenship' survey revealed that approximately 89% of post-Brexit Britons see a growing need for obtaining a second (dual) citizenship. Obtaining a second citizenship, however, can be a lengthy and complicated process for the average person, and many of the country’s wealthy are prepared to spend a substantial amount of money to achieve their goal.

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In the three months after Brexit was announced, the UK’s Tier 1 Investor Visa applications increased by 61% in 2016, with wealthy foreigners quick to take advantage of the current immigration rules before anticipated stricter rules came into force.

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Although the initial backlash of the Brexit outcome may have slowed investor immigration to the UK at first, there’s no doubt that interest in settlement remains high now that the dust has settled.

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The driving force behind the Brexit result of the June referendum was the perception that migration was having a negative impact on the UK.

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On June 23rd 2016, a majority vote was made by the UK to leave the European Union. This surprising outcome sent the whole world in turmoil with the uncertainty of Brexit’s future implications. Now that the frenzy has somewhat subsided from this historic referendum, the immediate consequences have become a little clearer, and we would like to discuss these in this article, as well as mention the impact on high net worth individuals.

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