Newly published immigration data has now shown a shift in the location being preferred by rich Chinese people for their migration and investment plans.
The data shows that wealthy Chinese citizens are now choosing alternative destinations in Europe as opposed to the United States. The shift has been seen as a direct result of the ongoing trade dispute between China and the United States.
In the first three months of 2019, applications for tier-1 investor visas to the UK had increased by more than 50 percent when compared to the previous quarter.
According to London-based investment services firm Growthdeck, the applications during the first quarter of 2019 was the highest ever recorded since the fourth quarter of 2014.
Tier-1 investor visas for the UK can only be obtained if a foreign citizen is able to invest more than £2 million in one or more British companies.
The so-called golden visa will is also applicable to the investor’s dependents, allowing them the right to stay in the UK for up to three years and four months.