In our latest Private Wealth webinar (29 July), we explored the future of immigration for high net worth individuals in a post-pandemic, post-Brexit world.
Speakers: Suzanna Harvey (partner), Myra Leung (solicitor) and Katie Hayes (solicitor).
Our 10 key takeaway points
- Post-Brexit, EEA nationals and their family members are now subject to the same Immigration Rules as non-EEA nationals.
- The Tier 1 (Investor) visa is still an attractive route for HNW individuals wanting to move to the UK.
- With family visa applications, choosing the right category and preparing the right supporting documents is crucial.
- The new Student and Graduate visas provide more opportunities for those studying in the UK.
- Commonwealth citizens with a UK-born grandparent can often take advantage of the UK Ancestry visa route.
- The Hong Kong BN(O) route has the most generous provisions for bringing dependants to the UK.
- Senior executives should consider which employment-related route best suits their circumstances.
- “Residence” for immigration purposes is not the same as “residence” for UK tax purposes.
- “Citizenship” and “domicile” are two distinct concepts, although they do interact.
- Pre-arrival tax planning should be considered in conjunction with UK immigration advice.
A recording of the webinar is available on our website here.