The United Kingdom remains a desirable destination for many people from outside the European Union in search of a better life for themselves and their families.Obtaining Permanent Residence in UKis a lengthy process, taking an average of 5 years, depending on which route you are applying under.An individual with a PR status can live and work in the UK indefinitely. There are no immigration restrictions on working anywhere in the UK and without any time limit on your stay.However, the right to PR can expire if an individual does not stay in the country for a continuous periodof 2 years.
The rules to apply for UK PR for non-EU citizens are quite straightforward. If you have lived legally in the UK for a set number of years, you can apply for permanent residency.
The Tier 1 EntrepreneurVisa, also called the UK Golden Visa, is a Tier 1 visa category which allows a migrant and their family to enterand settle in the UK by way of amonetary investment. This route is open to all nationalities and does not have any maximum age restrictions.
As a general rule, the migrant must have a minimum of £2 million for investment in the UK at the time of application in order to be granted the visa. These funds must then be invested within 3 months of entry to the UK and continued to remain invested for the length of the visa.
Indefinite Leave to Remain (ILR) depends on how much money is invested.
If you invest £2 million, then you qualify for ILR after a period of 5 years.
If you invest £5 million, then you qualify for ILR after a period of 3 years.
If you invest £10 million, then you qualify for ILR after a period of 2 years.