Tier 1 (Investor) Visa £2m entry requirement
The Home Office follows Migration Advisory Committee (MAC) advice
Following the recommendations of MAC earlier this year, the Home Office has confirmed a decision to reform the Tier 1 (Investor) route of entry and will be raising the minimum investment threshold to £2 million.
This is double the previous figure of £1 million and it will no longer be an option to provide these funds via loans. These changes will apply to all applications submitted on or after 6 November 2014.
The government is also consulting upon what sort of investment this visa should encourage in order to deliver real economic benefits to the UK.
The sudden alteration to the Tier 1 (Investor) application requirements comes as part of an effort to strengthen the UK Immigration Rules against abuse while enhancing the image that Britain ‘is open for business’. As the year progresses many alterations are to be made to the rules, but even on its own, the increment of the minimum investment threshold for Tier 1 (Investor) visa applicants is an abrupt reminder of how dramatically UK immigration law can change in the current climate.
We urge those clients wishing to enter the UK via this route to contact us here at Smith Stone Walters. We specialise in advising UK businesses and individual migrants in all aspects of UK immigration law. Moving people to the UK is what we do best.
