Have you ever thought about becoming a British citizen by investing in the UK? Many people dream of living in the UK, but the process can be expensive and take several years. To get citizenship through investment, you must first get a special visa, live in the UK for a certain time, and meet other important rules.

In this blog, we will discuss how much it costs to get UK citizenship through investment, what the main requirements are, and how long the process takes. We will also explain why some people believe the UK should lower the cost of British citizenship to make it easier for more people to apply.

What is UK Citizenship by Investment?

The UK does not offer a direct “citizenship by investment” program found in other countries. However, you can get British citizenship through the Investor Visa (Tier 1) and the Innovator Founder Visa. However, the Investor Visa is not open to new applicants and can only be renewed by current holders of the visa.

UK Citizenship by Investment Requirements

Becoming a British citizen through investment is not cheap. The UK citizenship price generally depends on the route you take. There are two main visa options for investors and business owners:

1. The Investor Visa (No Longer Available, but Still Relevant for Extensions)

The Investor Visa (Tier 1) used to be a popular option for wealthy individuals, but it is no longer available for new applicants. However, if you already hold an Investor Visa, you can still extend it if you meet the following conditions:

• Investment Amount: You must have invested at least £2 million in UK businesses and kept the investment active.

• Residency Period: If you invested £2 million, you could apply for permanent residency after five years. But if you invested £5 million, you could apply after three years.

If you are extending your Investor Visa, you will need to pay a visa extension fee of £1,623.

2. The Innovator Founder Visa (For Business Owners and Entrepreneurs)

If you want to start a business in the UK, the Innovator Founder Visa could be an option. This visa is specially designed for people who want to set up a new business that is different from existing companies in the UK. The business must show strong potential for growth.

• This visa permits a three-year stay in the UK for applicants.

• After three years, you can extend it or apply for permanent residency (ILR).

• The application fee for this visa is £1,191.

• If you need to extend your visa, the fee is £1,486.

Other Costs to Consider for UK Citizenship by Investment

Aside from the investment or business requirements, as part of the UK citizenship requirements, you will also need to pay several fees during the process of obtaining UK citizenship. Below is a breakdown of some key costs: 

1. UK Citizenship Application Fee

Once you have permanent residency (ILR) and have lived in the UK for the required period, you can apply for British citizenship. The UK citizenship application fee is £1,330.

2. Healthcare Surcharge (IHS Fee)

Anyone applying for a visa in the UK must pay a healthcare surcharge to use the National Health Service (NHS). However, the exact amount depends on your situation.

How Long Does It Take to Get UK Citizenship by Investment?

The time it takes depends on your visa type. Here’s a simple breakdown:

• Extending an Investor Visa takes up to two months. However, with priority service, it can be done in five working days.

• Applying for an Innovator Founder Visa takes up to two months, but if you apply from the UK, it usually takes around three weeks.

• In both cases, you can apply for UK citizenship one year after getting permanent residency (ILR).

Is UK Citizenship by Investment Worth It?

For those who can afford it, this is a great option to secure a future in the UK. British citizenship provides:

• The right to live as well as work in the UK without restrictions.

• Access to healthcare and education.

• A strong passport with visa-free travel to many countries.

Conclusion: Take the First Step Today

At Intime Immigration Solicitors, we understand that getting UK citizenship through investment can feel complicated as well as expensive. That’s why we are here to support and guide you through every step of your journey. Our expert team will help you understand the requirements, prepare the right documents, and make the process as smooth as possible.

Contact us today, and we’ll work with you to find the best path to achieving your goal.