Tier 1 (Investor Visa) suspended from midnight: urgent action required today
The Home Office has announced that the Tier 1 (Investor) Visa is being suspended from midnight tonight, 6 December 2018.
Anyone applying for a Tier 1 (Investor) visa will therefore need to apply before midnight tonight.
The suspension only affects new applicants, not those who are applying to extend their current Tier 1 (Investor) visa.
We understand that the reasons for this overhaul of this route is due to growing concerns around the background and eligibility of applicants. New rules are expected to be put in place in 2019. The reformed visa will apparently require applicants to provide comprehensive audits of their financial and business interests, and show they have had control of the £2m of investment funds required to obtain the Tier 1 visa for at least two years. It is unclear how this would work in relation to gifts from parents to children, which is very common.
We will update our website as we hear more news about the proposals. If you have any questions, please do not hesitate to contact our dedicated immigration team.
The articles published on this website, current at the date of publication, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your own circumstances should always be sought separately before taking any action.