Further to our report last week that the Tier 1 (Investor) Visa scheme was to be suspended, the Home Office has now confirmed that applications under this category can still be submitted.
This immigration route will, however, be reformed in the spring due to concerns about its use for money laundering purposes. Whilst full details of the proposed reforms are not yet available, the Home Office clearly intend to make the rules tougher and will most likely insist on applicants’ financial and business interests being assessed by independent auditors.
If you are a potential investor that is considering this immigration route, it might be advisable to submit your application as soon as possible, whilst the current rules remain in place.
About the Author
Alice Boyle is a solicitor with extensive experience in all areas of immigration law. She has specialised in immigration since 2003, is accredited as a Senior Caseworker at Level 2 and a Supervisor under the Law Society’s Immigration accreditation scheme. Alice can assist both corporate and individual clients with any immigration, nationality or asylum matter. She has a sound understanding of Tier 1 Investors, Tier 1 Entrepreneurs and Tier 2 matters.
If you require any advice on these changes or other possible visa routes into the UK, please contact Alice Boyle on +44 (0)7775 902 935 or [email protected].
Prospect Law is a multi-disciplinary practice with specialist expertise in the energy and environmental sectors with particular experience in the low carbon energy sector. The firm is made up of lawyers, engineers, surveyors and finance experts.
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