UK Home Office has recently announced changes to Tier 1 (Investor) visa, which will come into effect from 6th November, 2014. The minimum investment threshold for applicants will be raised to £2M compared to the current requirement of £1M. However, this change doesn’t apply to the existing Tier 1 (Investor) visa holders.
Quick Brief Of The Proposed Changes
UK aims to attract investors from all over, and therefore, the Immigration Minister, James Brokenshire, said that the government is considering all investment routes that bring in real economic benefit to the UK.
Tier 1 (Investor) visa was introduced almost 2 decades ago with a minimum investment amount of £1M. It is for the high-net worth individuals and provides them a stay of 3 years and 4 months with an option to extend it further.
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