In recent years, the UK has become a popular destination for many immigrant investors to settle down, thanks to its high-quality, premium, and comfortable living environment. Due to the impact of the pandemic in 2020, many investors' plans to move to the UK were put on hold. So, what changes have occurred in UK immigration data over the past year?
Recently, the official UK government website released the immigration data report for the fourth quarter of 2020. Notably, Chinese applicants have dominated the list for popular UK visa programs—the UK Tier 1 Investor Visa and the UK Sole Representative of an Overseas Business Visa! Let's take a look with WorldWay!
UK Tier 1 Investor Visa
Approval rate for Chinese applicants reaches 95%
According to the report, in 2020, there were 236 applications for the UK Tier 1 Investor Visa globally, with 216 approved, resulting in a visa approval rate of 92%.
Official data on global applications for the UK Tier 1 Investor Visa in 2020 (main applicants only)
Approval data for Chinese applicants for the UK Tier 1 Visa in 2020 (main applicants only)
Among these, 50 applications were submitted by applicants from mainland China for the UK Tier 1 Visa, with 47 approved, a visa approval rate of 94%; applicants from Hong Kong, China submitted 55 applications, with 54 approved, a visa approval rate of 98%. Therefore, in 2020, the total number of applications from China (mainland and Hong Kong) for the UK Tier 1 Visa was 105, with 101 approved, resulting in a visa approval rate of 95%.
UK Sole Representative of an Overseas Business Visa
Number of Chinese applicants continues to grow
The report shows that in 2020, there were 2,161 applications for the UK Sole Representative of an Overseas Business Visa globally, with 1,664 approved, a visa approval rate of 77%.
Official data on global applications for the UK Sole Representative of an Overseas Business Visa in 2020 (main applicants only)
Among these, 123 applications were submitted from mainland China, with 99 approved, a visa approval rate of 80%; 87 applications were submitted from Hong Kong, with 77 approved, a visa approval rate of 89%. Therefore, the total number of applications from China (mainland and Hong Kong) was 210, with 176 approved, a visa approval rate of 84%. It is worth mentioning that the number of Chinese applicants for the UK Sole Representative of an Overseas Business Visa in 2020 increased by nearly 43% year-on-year compared to 2019!
Approval data for Chinese applicants for the UK Sole Representative of an Overseas Business Visa in 2020 (main applicants only)
In 2021, positive news continues to emerge from the UK! The UK government is committed to achieving universal vaccination as soon as possible. At the end of February, UK Health Secretary Matt Hancock excitedly announced that nearly 40% of the UK's adult population had been immunized. Furthermore, following the introduction of several policies in the UK, the exchange rate of the British Pound has surged again, rising to 9.14 in February. Multiple well-known media outlets predict that the UK economy will recover faster than other major economies. At the same time, benefiting from post-Brexit policies, the UK is set to become a preferred destination for global immigrants!
Opportunities are always reserved for those who are prepared! Whether for studying abroad or for Chinese families immigrating to the UK for their children's education, it is necessary to plan ahead to obtain UK status. Plan early, apply early, and benefit early! Currently, the UK Sole Representative of an Overseas Business Visa, with its low investment cost and fast approval speed of as little as 5 working days, is a high-quality, low-threshold pathway for rapid immigration to the UK! Regarding capital requirements, there is no explicit investment amount limit, and one person's application allows the whole family to immigrate to the UK, making it quite popular among investors!
At the same time, investors can quickly obtain UK permanent residency through the UK Tier 1 Investor Visa. This project is one of the simplest and most straightforward investment immigration programs in the UK and is highly sought after!
For details on applying for UK immigration projects in 2021, please consult the WorldWay service hotline. Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798
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