Introduction The United Kingdom is among the foremost commercial centres of the World. Also, U.K. ranks high in diversity, making it a natural choice for many high net- worth individuals and skilled workers to migrate. The United Kingdom Tier 1 visa caters to high net-worth individuals while the Tier 2 visa is available to skilled workers.

Categories

Tier 1:

  1. Investor Visa:In 1994, U.K. introduced the Investor Visa program requiring foreign nationals to invest £1,000,000 in order to obtain U.K. residency. In 2014, the minimum investment amount was increased to £2,000,000.
  2. Innovator Visa: The innovator visa has replaced its predecessor the entrepreneur visa. The applicant must have at least £50,000 available to invest and set- up a business in the United Kingdom. This business will need the requisite endorsements and approvals.
  3. Global Talent Visa: The global talent visa has replaced its predecessor the exceptional talent visa. It is available for individuals internationally recognised or emerging in the fields of science, humanities, engineering, medicine, digital technology, arts& culture, research & innovation, fashion, architects, film and television.
  4. Start- Up Visa: The Start- Up visa has replaced its predecessor the graduate entrepreneur visa. This is available to any individual who wants to set up a business in the United Kingdom. Business must be based on a new idea which is innovative and viable, with potential for growth. It must also be endorsed by the relevant bodies to qualify.

Tier 2:

  1. General Work Visa: An individual must be sponsored for a job which pays a minimum of £30,000 a year.
  2. Intra- Company Transfer Visa: An individual may apply for this visa if their overseas employer has offered them a role in a UK branch of the organisation/business.
  3. Minister of Religion Visa: An individual may apply for this visa if they have been offered a job in a faith community in the UK.
  4. Sportsperson Visa: An individual may apply if they’re an elite sportsperson or qualified coach, recognised by their sport’s governing body as being at the highest level of their profession internationally.

Trend: Tier 1 visa has saw a steady decline post the Brexit Referendum whereas Tier 2 surged. U.K. remains a popular destination for skilled workers.   Sources: https://www.gov.uk/browse/visas-immigration/work-visas