- The current £1 million minimum investment threshold is being raised to £2 million. The £5m & £10m options are still as before.
- A change is being made to require the full investment sum to be invested in prescribed forms of investments (share or loan capital in active and trading UK companies, or UK Government bonds), rather than 75% of the sum as at present. This means that as of 6 November, Tier 1 Investors will no longer be able to put 25% of the investment towards a property.
- The current requirement that the migrant’s investment must be “topped up” if its market value falls is being removed; instead Tier 1 (Investor) Migrants will only need to purchase new qualifying investments if they sell part of their portfolios and need to replace them in order to maintain the investment threshold.
- The existing provision under which the required investment sum can be sourced as a loan is being removed.
- Transitional arrangements are being applied, so that Tier 1 (Investor) Migrants who have already entered the route before these changes are introduced will not be subject to these changes when they apply for extensions or for Indefinite Leave to Remain
All of these Tier 1 Investor changes come into effect on 6 Nov 2014. Applicants who may want to take advantage of the current scheme and rules are advised to apply before the 5th of November and encouraged to get in touch with us on 020 7494 0118 for assistance with your application.
Applications for Entry Clearance or Further Leave to Remain (FLR) submitted before this date will be considered under the old rules.
Author
Founder and Managing Director Anne Morris is a fully qualified solicitor and trusted adviser to large corporates through to SMEs, providing strategic immigration and global mobility advice to support employers with UK operations to meet their workforce needs through corporate immigration.
She is a recognised by Legal 500 and Chambers as a legal expert and delivers Board-level advice on business migration and compliance risk management as well as overseeing the firm’s development of new client propositions and delivery of cost and time efficient processing of applications.
Anne is an active public speaker, immigration commentator, and immigration policy contributor and regularly hosts training sessions for employers and HR professionals
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Anne Morrishttps://www.davidsonmorris.com/author/anne/
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Anne Morrishttps://www.davidsonmorris.com/author/anne/
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Anne Morrishttps://www.davidsonmorris.com/author/anne/
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Anne Morrishttps://www.davidsonmorris.com/author/anne/