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UK's government simplifies visa process for the Chinese

March 2014, 14
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Visa process for the Chinese
According to the report released on Thursday, it is anticipated that the amount spent by the Chinese group in London could rise by 141%, to 833 million an year by 2020, due to the simplified visa process for the Chinese to visit UK

In the report released, Marie Hickey, associate director of research at Savills, has said that the amount spent by the foreigners in the Britain is expected to increase by 47% during the same period.

Hickey also said that at present Chinese are the major spending tourists worldwide, and with new plan in position, through which visiting UK is made easier, it is hopeful that the retail sector would be having positive results during the coming years. 

During the previous visit to China in October, 2013, George Osborne, UK Chancellor of the Exchequer has announced that their country has planned to provide simple means for the Chinese to apply for the visas to arrive in UK.

During the past 3 years 55 international brands have begun their first UK stores in London.

Head of Central London retail, Anthony Selwyn, has anticipated that the rents would be more than 1,500 pounds/ square foot in the coming Eighteen months. This data reveals 15% increase when compared with the present rents.  Brompton Road is likely to have a 20% increase, with regards to the rents.

Head of research for Savills, James Macdonald, referring to the statistical figures from Bain & Co, has said that Chinese are the largest consumers of the wealthy goods in the world, and have accounted for 29% of global consumption. 

According to the statement, that was published in February on UK’s government website, referring to the Office of National Statistics, last year, 291,919 visas have been issued to Chinese visitors, a year-on- increase of 39 %.

The statement said that during 2013, United Kingdom has seen a great rise in the visit visas received from Chinese than anywhere else in the world. Though there has been major demand for the visit visas from the Chinese, the UK government has processed the visas in an average of 7.2 days .Among those who have applied for the visas through all the categories, on an average 96% of them were successful. 

The rise in demand for the visas shows that the latest UK visas and Immigration Service’s dedication to serve the customers is having an impact on the Chinese visitors.

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