Suspension of UK Investor Visa Scheme

It was announced last week that the Tier 1 Investor Visa has been suspended with effect from Friday 7th December 2018 until new rules are put in place next year.

The Visa provided a fast track for people willing to invest substantial sums in the UK and had been criticised in certain quarters for providing an easy route to settle in the UK. In the year ending September 2018 , it has been estimated that more than 1.000 applications had been granted.

The reformed Visa is expected to introduce more comprehensive audits of each applicant’s financial and business interests and include investing in active and trading UK companies rather than government bonds .

If you have any concerns or queries, please contact Robert Drysdale or a member of the Rooks Rider Solicitors’ Wealth Planning team.

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