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Chinese And Russians Seek UK Investor Visas

By Fiona Moore, for ExpatBriefing.com
15 January, 2015

 

Pinsent Masons, an international law firm, has highlighted a sharp increase in the number of UK investor visas being issued to Chinese and Russian nationals. It said that the trend indicates a shift away from some emerging markets after a period of rapid growth.

Pinsent Masons noted that 357 investor visas had been issued to Chinese high-net-worth individuals (HNWIs) in the 12 months to the end of September 2014, up from 178 the year before. These accounted for 43 percent of all investor visas issued by the UK during the same period. Visas to Russian HNWIs, meanwhile, were up by 57 percent.

According to the firm, the increase in visas issued to Chinese HMWIs is part of a broader increase in investment in the UK from China. Recent research commissioned by Pinsent Masons estimates that Chinese annual investment flows into the UK are set to rise to GBP30bn (USD45.5bn) per year in 2025.

Yuri Botiuk, a Partner at Pinsent Masons, explained that the economic outlook in Russia and China has shifted in the last year, and that the move into the UK market, which he said has traditionally been more secure, is about "good portfolio management." He added that he did not think that new rules that have doubled the required investment from GBP1m to GBP2m would have much impact on the number of HNWIs applying for visas, opining that they would likely see the increase as "relatively modest."

Jill Turner, a Senior Associate at Pinsent Masons, added that investors are attracted by the UK's long history of secure private property rights and the protections offered by strong codes of corporate governance.

Tags: Russia | Investment | Law | China | United Kingdom | Corporate Governance | Expats | Investment | Property Investment | Visas And Passports | Invest | Investment

 

 

 

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