Last Updated on February 23, 2023
Key Points
Government of the UK closes the Tier 1 Investor visa route due to security concerns
Overview
On 17 Feb. 2022, the government of the United Kingdom (UK) closed the Tier 1 Investor visa route to all new applications. The visa route allowed applicants to invest funds in share capital or loan capital in active and trading UK-registered companies. The route was closed due to security concerns and abuses against the immigration system.
What are the Changes?
The government of the UK will close the Tier 1 Investor visa route due to security concerns and alleged abuses of the immigration system. The route allowed applicants to obtain work and residence authorization in the UK through investment. Foreign nationals currently holding the visa will be permitted to apply for extensions under the route until 17 Feb. 2026.
Looking Ahead
The government plans to implement reforms to the Innovator route over the next few months. Continue to check the government of the UK’s website and Envoy’s website for the latest updates and information.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at one of the two U.S. Law Firms working with the Envoy Platform or another qualified professional. On non-U.S. immigration issues, consult an Envoy global immigration service provider or another qualified representative.
OISC registration number F202000157
