High net worth individuals and their families are increasingly internationally mobile. Many chose to move to the UK for a variety of different reasons; from the corporate executive or entrepreneur who relocates to the UK for business reasons to families with children who chose the UK for the lifestyle and the world-class education system.
Forsters offers an expert and efficient UK immigration and nationality law service for high net worth clients and their families moving to the UK under the Tier 1 (Investor) Visa. We advise on all possible stages of the visa covering initial applications, renewals, permanent residency and British citizenship.
The UK Tier 1 (Investor) Visa route offers high net worth individuals and their families the opportunity to apply to reside in the UK by making a substantial investment of at least £2 million in the UK. The investment must be made in shares or loan capital in active and trading UK companies. Successful applicants are permitted to live, work or study in the UK. They may also later qualify for indefinite leave to remain in the UK and British citizenship.
Relocating to the UK will have UK tax implications. We are able to provide UK tax advice and combine this with our immigration advice to provide a fully integrated service.
Our team has extensive experience in advising on all aspects of the Tier 1 (Investor) Visa route, preparing and submitting initial, extension and permanent residency applications. We are able to co-ordinate applications with clients' financial advisers, family offices and/or private banks throughout the process to ensure that clients fully satisfy the complex requirements of the visa and experience a smooth transition to the UK.
From growing a business to starting a family or handing over control of that business to the next generation, every individual has their own goals to aspire to. Our Private Wealth lawyers advise our clients throughout this family life cycle, providing the legal advice required for specific transactions such as purchasing a home or selling a business, whilst also advising on the long-term opportunities for succession and estate planning.
In Lexology Getting the Deal Through's Private Client 2021 guide, Forsters' Private Wealth team have outlined the important estate planning issues that international clients need to consider if they wish to invest in or come to the UK.
Few would have anticipated only a few weeks ago that by March, a large part of the world, including the UK, would be or have been in virtual lockdown with many planes grounded and borders closed. However, that is the result of the spread of COVID-19 and, while there are clearly many more significant challenges in relation to this virus for health and the global economy, there are also a number of tax and immigration consequences for individuals with connections in more than one jurisdiction, as well as for those based in the UK.