Mar 17, 2011 (LBO) – New visa rules will allow investors and entrepreneurs who invest large sums of money or create jobs and “exceptionally talented migrants” to settle permanently in the UK faster, a statement said. The move is an effort to lure the wealthy and brainy from other countries like India to help the UK’s economic recovery.
“Yesterday, the UK government introduced visa rules to fast-track settlement for high value investors and entrepreneurs,” the British High Commission said in a statement.
“Foreign entrepreneurs and investors have been given an extra boost with the announcement that the UK government has introduced new visa rules that encourage the brightest and the best to locate to the UK.”
Under the new rules, those who come to the UK and invest large sums of money will be given the right to settle permanently in the UK faster.
Those who invest five million pounds will be allowed to settle in the UK after three years and those who invest 10 million pounds or more will be allowed to settle after two. Until now a minimum five year requirement was in place.
“Entrepreneurs will also be able to settle in the UK more quickly if they create ten jobs or turn over five million