Statement of Changes in the Immigration Rules – Tier 1 (Investor) raised to £2 million
Further to our previous article this is to confirm that it has just been announced in the House of Commons that the Tier 1 (Investor) route is being reformed following the Migration Advisory Committee (MAC) recommendations from February. The minimum investment threshold is being raised from £1 million to £2 million.
It is not yet clear, as the Statement of Changes and the consultation document have yet to be published, however it appears that the Tier 1 (Investor) route will be reformed in two stages:
1. The investment threshold will be raised from £1 million to £2 million – this could come be implemented within the coming weeks;
2. That the other changes to the route will be implemented at a later date after the consultation.
Therefore, if you are thinking of entering the UK under the Tier 1 (Investor) route it would be advisable to do it now under the current rules as it is likely that the £2 million threshold will come into effect within the next few weeks.
We will continue to keep you updated.
Posted on Oct 15, 2014.