00:00The UK is considering a new invite-only investor visa that would cost five million pounds as the
00:06nation seeks to revive its reputation as a wealth hub. Under the proposals, entrepreneurs and other
00:12globally mobile individuals would have to invest in so-called priority areas like fast-growing
00:17UK businesses. In return, they'd get residency in the UK for three years with a path to permanent
00:24residency. The UK's attractiveness to ultra-wealthy individuals has taken a hit in recent years.
00:29In 2025, it introduced tax hikes for so-called non-domiciled residents, wealthy individuals
00:35who hail from overseas but live here. That led to an exodus of billionaires exiting the UK or curbing
00:42their ties to the nation. All the while, other wealth hubs such as Milan, Dubai and Abu Dhabi
00:48ramped up their efforts to court the global elite. The plan would also fill a big policy gap from the
00:54UK scrapping its flagship investor visa programme in 2022. That scheme allowed foreign nationals a
01:00path to residency in exchange for more than two million pounds but was withdrawn as the UK sought
01:07to curb the influence of Russian money. Details of the UK's investor visa were sent out to private
01:12wealth advisors in the UK before local elections this month put Keir Starmer's premiership under heavy
01:18pressure. It's unclear if the proposals would survive any leadership change in the UK but they would
01:24nonetheless provide a big boost for Keir Starmer and Britain's economy.
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