UK Reviews Investment Visa Eligibility Terms

By Fiona Moore, for ExpatBriefing.com 21 October, 2014

The UK has announced changes to its Tier 1 (Investor) visa from next month, including a doubling of the required investment sum.

From November 6, applicants will have to invest GBP2m (USD3.2m) in active UK companies or Government bonds. As well as raising the threshold, this means that it will no longer be possible for investors to place 25 percent of the investment sum into another kind of asset, such as property. A provision allowing the amount to be sourced from a loan is also being scrapped. However, it will no longer be necessary for an investment to be "topped up" by an applicant if its market value falls.

The new rules also empower immigration caseworkers to refuse an application if there is a reasonable belief that investment funds are not under the applicant's own control, or that they were obtained by means that would be illegal under British law. Applicants can also be refused if it is thought that their character or associations would not be conducive to the public good.

The UK's Immigration Minister, James Brokenshire, said a consultation paper on further changes, including on the types of investments the visa should encourage, is to be released in due course.

Tags: Investment | Law | Investment Funds | United Kingdom | Expats | Immigration | Investment | Visas And Passports | Invest | Immigration | Investment |

 





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