New UK visa rules could spur investment opportunities

London - Foreign entrepreneurs and investors who will contribute to economic growth can settle in the United Kingdom faster under new visa rules unveiled on Wednesday.

According to the new rules, an overseas investor willing to keep 5 million pounds ($8 million) in a UK bank will have the right to stay after three years while those who invest 10 million pounds or more will be allowed to settle after just two.

Currently, investors must have at least 1 million pounds ($1.6 million) to invest in shares and government bonds, entitling them to gain permanent residence after five years.