According to comprehensive news from WorldWay Immigration: The UK Home OfficeHome Office released the visa application data for the first quarter of 2014 in mid-May, showing that the refusal rate for entrepreneur immigration applications remains as high as50%. In this context, the £1 million investment immigration is increasingly viewed as a safer option by applicants.
Data shows that since the third quarter of 2012, China has surpassed Russia to become the country with the highest number of approved overseas investment immigrants to the UK. In the first quarter of 2014, the total number of approved overseas £1 million investment immigrants was213, of which 85 were from China, accounting for nearly40%. Compared to the first quarter of 2013, the number of approved investment immigrants from China increased by123.7%; compared to the fourth quarter of 2013, the month-on-month growth also reached nearly77.1%. The data clearly indicates that the demand for investment immigration to the UK from China is growing.
In contrast, the number of approved entrepreneur immigration applications has not increased, and the refusal rate has stabilized at around50% after significant policy adjustments at the beginning of 2013.
In light of the current surge in UK investment immigration, WorldWay Immigration experts analyze that the significant increase in investment immigration is due to multiple factors. One of the main reasons is that the Migration Advisory Committee of the Home Office recommended a substantial increase in the minimum investment amount from£100,000 to£200,000, and suggested the elimination of loan options for investment immigration.
Whether and how the policy will be modified is still under discussion, and it is unlikely to be implemented in the short term. However, due to the UK government's intention to raise the threshold, a certain number of applicants have decided to proceed early to avoid policy risks, which is reflected in the significant growth in the first quarter data.
Editor: WorldWay Immigration
