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Posts Tagged 'foreign investment'

Newsflash: Home Office announces changes to the UK Investor category effective from 6 April 2015

Newsflash: Home Office announces changes to the UK Investor category effective from 6 April 2015. Yesterday the Home Office announced further sweeping changes to UK immigration law in a new Statement of Changes. There are three changes to the investor visa category. Firstly the minimum age has been reduced from 16 to 18. This follows the November 2014 changes, which introduced a minimum age of 16 where previously there was no minimum age set. Secondly, a new requirement is... Read more »

Posted: 27 February 2015 | Author: Gherson Immigration | Comments (0)

Stamp duty changes and their implications for Discreet Law clients

George Osborne delivered the last Autumn Statement of the current Parliament on Wednesday 3 December 2014. A raft of measures were announced during the Chancellor's 45-minute speech, as a sizeable proportion of Discreet Law matters are property related, in this article we examine the key announcement associated with the change in property tax. Stamp Duty land tax ("SDLT") reform The biggest tax giveaway announced was the reform in SDLT legislation, with the abolition of the "cliff-edge" system.... Read more »

Posted: 19 December 2014 | Author: Gherson Immigration | Comments (0)

Latvian and Russian media report that Russian investors face restrictions when seeking residence permits in Latvia

This week, the media claimed that Latvia has introduced restrictions on the issuing of residence permits to Russians applying under the "investment programme". We've tried to work out what has actually happened. The Latvian "investment programme" was launched in July 2010, when amendments were made to the 2002 Immigration Law. Since then, the amount of investment needed by the residents of third countries wishing to obtain an "investment" residence permit in Latvia has increased... Read more »

Posted: 30 October 2014 | Author: Gherson Immigration | Comments (0)

Investor visas - simpler entry... at a cost

It is becoming more and more expensive to live in the UK. Forget inflation and rocketing house prices - for some it costs literally millions to simply gain the right to live in the UK and apparently, judging by the reported rise in investor visas recently, it's worth the money. Given the Coalition Government's crackdown on immigration and the subsequent restrictions on (or even closure of) various categories under the Points-Based System, obtaining the right to live and work in the... Read more »

Posted: 13 December 2012 | Author: Gherson Immigration | Comments (0)

UK property and foreign investors

Although 2012 had strong beginnings for the property market, i.e. January mortgage approval levels were the highest since late 2009, many economists still do not consider the London market's future prospects optimistically. Earlier this month Halifax published a series of gloomy figures which further diminished confidence in the UK housing market. A combination of reluctant sellers and nervous buyers has resulted in stagnation. Low and fragile consumer confidence, muted earning growth... Read more »

Posted: 16 October 2012 | Author: Gherson Immigration | Comments (0)

Why migrant investors like the UK?

The UK remains one of the world's most popular destinations for foreign investors and entrepreneurs, with 28 ventures and nearly 2,000 jobs created here each week. According to Business Secretary Vince Cable, more than two thirds of the jobs created or safeguarded in 2010/2011 came from existing investors. The World Bank says that the UK is the easiest place to do business out of all the EU and G8 countries while Ernst & Young have confirmed that the UK is the... Read more »

Posted: 09 March 2012 | Author: Gherson Immigration | Comments (0)

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