Super-rich visas relaxed

first_img KCS-content Super-rich visas relaxed IMMIGRATION laws for the richest foreigners will be relaxed as part of plans to encourage more investment in the UK.New rules would effectively fast-track the biggest spenders to permanent residency, with anyone spending more than £10m qualifying in just two years, compared to the minimum of five years it would currently take. Investors ploughing in £5m would qualify in three years, while those spending £1m would take five years.Once made residents of the UK, investors would be free to withdraw their investment.The amount of time those seeking residency have to remain in the country will also be cut from nine months to just six months.Businesses will also find it easier to bring in staff on entrepreneur visas, with the new rules allowing businesses to bring in an extra overseas employee for every additional £50,000 of investment.The changes are part of a wider move to overhaul immigration rules, with the number of skilled non-EU workers businesses can bring in being slashed by a fifth. However, “high-net worth” individuals will be exempt from the cap. The proposals are yet to be endorsed by parliament. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To whatsapp Tags: NULLcenter_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years whatsapp Sunday 6 February 2011 10:40 pm Show Comments ▼ Sharelast_img read more