UK investor visas less attractive post Brexit

(MENAFNEditorial) Increasing number of foreign investors are looking the other way, towards investor programs in Europe, as it is much cheaper and provides easy path to EU citizenship.

Zurich, Switzerland (8, July, 2016) Britain, post brexit vote is facing an uncertain future. The topic of immigration played a key role, influencing Britons to vote for Brexit. The British passport will no longer be a EU passport, once Britain leaves European Union. The two words European Union will just disappear in British passports in the future.



With all the panic around among investor confidence, the visa policy of U.K and EU will not change, not atleast until 2 years and may likely will remain the same in the future. It is very unlikely U.K will enforce visa restrictions on EU citizens against freedom of movement. Nothing will change much with visas!

Does Brexit mean end of investor visas to UK?

Investors can still apply for UK investor program which requires about 2,000,000 and British passport only possible after 5 years of living. Following the Brexit, this program may be closed soon or will be increased to 3,000,000, to curb immigration. The future Government may make it very difficult for wealthy migrants to enter UK imposing even stricter rules.

There are increasing number of foreign investors are looking the other way, towards investor programs in Europe, as it is much cheaper and provides easy path to EU citizenship. Currently, immigrant investor programs (IIP) running in Ireland and Portugal require about 500,000 euro investment in business or real estate.

Mr. Balakrishnan, CEO of Best Citizenships (BC) says Why would anybody spend 2 million pounds in UK post brexit? Instead invest the same money in Cyprus, get EU passport in 3 months. You have access to both UK and 28 EU member states including Switzerland. People who are investing that kind of money, demand freedom of movement between UK and Europe, be it for a holiday with family or business trips. Caribbean passports from Dominica, Antigua, St Kitts are much cheaper solutions starting from $100,000, also gives access to UK and 26 EU schengen countries.

Mr. Balakrishnan, further adds There has been a big spike in interests received for investor citizenship programs running in Cyprus ( 2,500,000) and Malta ( 900,000) from Britons. It takes about 3 months to get EU passport from Cyprus and about 12-15 months for Malta.

About Best Citizenships (BC) Best Citizenships (BC) is theworlds leading advisory firm has, assisted very wealthy, talented and high net worth individuals withglobal residency and citizenship solutions in over 30 countries. The company has assisted several famous personalities, large corporations and investment banks with immigration, business investments and luxury real estate with immigrant investor schemes currently running in EU member states and Caribbean. The company currently aims a target of 1 billion euros in the next 5 years through such investor schemes.

For more information about citizenship and residency programs, please visit www.best-citizenships.com