Delays in processing wealthy investor visas in the US has led to a hike in the number of Chinese millionaires heading to the UK instead.
The number of Chinese applying to live in the UK on Tier 1 investor visas rose nearly a third in the year to 30 September 2019, to 202, up from 153 the prior year.
Analysis of the Tier 1 figures was carried out by Growthdeck, a UK private equity firm.
Growthdeck said delays when applying for the equivalent “EB-5” US investor visa has forced a growing number of Chinese HNWs to apply to the UK instead. Bloomberg reported in May 2019 that some Chinese nationals were facing w...
