The UK formally left the European Union on 31 January 2020. But until now, British citizens have enjoyed the benefits of EU law on an equal footing with their European neighbours. For example, they have been able to travel to countries in the region without a visa. The transition period was needed for the UK and the EU to work out new rules of engagement.
The agreement will come into force with the prior approval of EU member states and the British Parliament. It must also be approved by the European Parliament in early 2021.
What will change from 1 January 2021
Who will not be affected by the changes in 2021
Citizens of the European Union and third countries can obtain a UK residence permit or a Caribbean passport so they do not have to worry about visas and new conditions after Brexit.
Residency in the UK for investment is an option for those who want to relocate and run a business in the country. To gain residence status, a foreigner buys government bonds or invests in a local business from £2 million. The residence permit is issued for 3 years and 4 months and can be renewed.
A passport from one of the five Caribbean countries can be obtained for an investment from $100,000 to travel to the UK visa-free for 180 days a year. Caribbean countries with citizenship programmes are members of the Commonwealth of Nations, so their nationals receive benefits for studying at British universities.
Immigrant Invest is a licensed agent for UK and Caribbean programmes. If you want to get a residence permit or a second passport for investment –contact the investment programmes experts.