A post Brexit UK still offers many opportunities for global individuals. With its excellent education system and reputation for rule of law, the UK remains a good long-term bet for those looking to move. The global elite are well represented in the UK, with the percentage of them living here has grown by over 50% (shard capital) in recent years, evidence by the numbers of tier 1 investor visa applications issued over the last few years.
Ultra-high-net-worth individuals, specifically from India who had previously been investing large sums in other destinations like Dubai are now seriously mulling the option of including London in their real estate and business portfolios. And although there are ongoing discussions on Brexit, UK cities like London will still remain more dynamic than Dubai, both geographically and in real estate.
India’s long-standing ‘love affair’ with the UK (and London in particular) goes back to their common history and will not be affected by Brexit due to key factors such as the UK’s overall friendly rule of law and safety that continue to make London attractive to international investors. Moreover, the language, market transparency, a convenient time zone, an established ecosystem of expertise, and the city’s historically proven ability to adapt to sharp global changes and continue to create strong international relationships.
It is fairly safe to assume that, Brexit notwithstanding, we will see more Investors making calculated plays in the UK real estate market and business in the times to come. This is why those that are not worried about Brexit, will see the appeal London and the UK still has to a global market.
Global financial investors are also seemingly unconcerned and see the UK’s future prospects as positive with more than 65% not changing their investment plans following the Brexit vote, and 75% not planning to move their operations out of the UK. Britain’s attractiveness to foreign investors, especially from the far east, stems from its rule of law and business-friendly environment when looking to invest and grow a business, and with the UK economy continuing to grow, deeming a stable future.
In the foreseeable future, the UK will continue to remain a top global influence for international investors and Brexit has opened up an opportunity for those looking to establish themselves in the UK. It will continue to be attractive as a destination for the global elite. Moreover, with the pound continuing to drop ahead of the final Brexit negotiations, there isn’t a better time to secure your Tier 1 Investor Visa to the UK.