The Briefing on Private Banker International - Investor Visas
Investor visas, golden visas, citizenship by investment are all names given to residency or citizenships that can be purchased. Often misunderstood, this digital edition of PBI looks at some recent figures on these schemes:
IN DATA: POWER IN NUMBERS
The number of UK Tier 1 Investor Visas approved for Chinese HNWIs in the first quarter of 2019 was 67, a 45% increase compared to the last quarter of 2018. Chinese accounted for more than half of all Tier 1 Visas over the three months to April. The next nearest nationality was Russia, which accounted for 7%.
of the responses to a survey by Shard Capital said they were attracted to the UK’s Tier 1 Investor Visa by education opportunities. The Visa has always been attractive to children of wealthy families looking to study in the UK. Unlike other types of visa, the Tier 1 makes it easier for students to live and work in the UK after their studies.
Latin American HNWIs are the most likely to send their children abroad for education. According to the Knight Frank Wealth Report, 47% of families in the region said they would send their children overseas to school. That goes up to 85% when it comes to university.
Ten per cent of all HNWIs in Turkey left the country in 2018, according to wealth researcher New World Wealth. According its head of research, Andrew Amoils, most left for mainland Europe and the UAE.
Since 2010, immigration experts Henley & Partners, estimate that €25 billion has come into the EU on the back citizenship or residency by investment schemes.