Tier 1 Investors - Changes

The Statement of Changes in Immigration Rules HC 693, found here, made changes to the Tier 1 (Investor) Rules. The following changes took effect from 06 November 2014.

The current £1 million minimum investment threshold has been raised to £2 million.

The full investment sum must 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.

The 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 provision under which the required investment sum can be sourced as a loan was removed.

Transitional arrangements are being applied, so that Tier 1 (Investor) Migrants who have already entered the route before these changes were introduced will not be subject to these changes when they apply for extensions or for indefinite leave to remain.

Entry Clearance Officers and UK Visas & Immigration caseworkers are being empowered to refuse a Tier 1 (Investor) application if they have reasonable grounds to believe that:

- the applicant is not in control of the investment funds;
- the funds were obtained unlawfully (or by means which would be unlawful if they happened in the UK); or
- the character, conduct or associations of a party providing the funds mean that approving the application is not conducive to the public good.

Constant changes to other categories of visas, often to the detriment of the migrant, has made the Tier 1 Investor route more attractive to those with the required resources. This results in an increase of investor applicants and a corresponding increase in the scrutiny of these applications by the Home Office. Expert advice in this area is becoming more important, please contact us for more information.

Tier 1 Post Study Work

The Home Secretary announced the most recent Statement of Changes in the Immigration Rules. That Statement confirmed the Tier 1 Post-Study Work route will close on 06 April 2012. Any applications received by the UK Border Agency before that date will remain valid and will be considered under the Post-Study Work rules.

The Government justified this change by pointing to the difficulties UK national graduates are having when trying to access the labour market, and that any available vacancies should be priorities for them. Perhaps feeling a little guilty about these changes, the Government also introduced a new Tier 1 route for graduate entrepreneurs, commencing on 06 April 2012, and new provisions for graduates who have an offer for a skilled job to switch into Tier 2, also commencing on 06 April 2012.

If you are unsure how these changes will affect you please do not hesitate to contact us.

Tier 1 (Exceptional talent) is open

The Tier 1 (Exceptional talent) category of the UK's points-based system is open for applications.

The new category is for people who are internationally recognised as world-leading, or potential world-leading, talent in science or the arts. It is not possible to make the application from within the UK, it can only be made from abroad.

Click here for more information on the UKBA website.

Changes to Tier 1

Tier 1 will now be restricted to all but entrepreneurs, investors and people of exceptional talent.

Investors who invest large sums of money will see their right to settle permanently in the UK sped up. Those who invest £5 million will be allowed to settle here after 3 years, and those investing £10 million or more will be allowed to settle after 2 years. This compares with ... Read More...

Tier 1 & 2: Changes

From 12 October 2010, the UK Border Agency has introduced a new requirement for applications to work in the UK under Tier 1 (General), Tier 1 (Entrepreneur) or any Tier 2 category of the points-based system.

Tier 1: Changes

Between 19 July and 30 July 2010, the UK Border Agency are prioritising work to implement the government's new policy on an interim immigration limit. It may have an impact on sponsor licensing and applications. Read More...

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