Possible changes for Tier 1 Investor visas in the UK

The UK Government is concerned the current Tier 1 Investor route is not bringing benefits to the UK as envisaged.

Under the Tier 1 route, a migrant must invest a minimum of £1 million.  The investment must be in UK Government bonds, share capital or loan capital in active and trading UK registered companies.

Investors are buying sufficient numbers of bonds to remain in the UK, and then selling them, possibly with a personal gain, on receiving UK settlement rights.  This was not how the Government envisaged the system working.

The Government has asked the Migration Advisory Committee (MAC) to advise on whether the current Tier 1 Investor requirements are the best way to deliver economic benefits for the UK.

The MAC is due to feed back to the Government with its view by 7 February 2014.

For more information see The Migration Advisory Committee.

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Verity Buckingham

About Verity Buckingham

Verity is experienced in all aspects of employment law and corporate immigration matters.She deals mostly with corporate clients advising on contentious and non-contentious employment matters. Verity's contentious practice includes defending claims in the Employment Tribunal and experience of Employment Appeal Tribunal litigation in relation to claims of unfair dismissal, discrimination, equal pay and whistleblowing. She also advises individuals at a senior level on negotiating exits.

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