Key Points
- The government of the UK closes the Tier 1 Investor visa route due to security concerns
Overview
On February 17, 2022, the United Kingdom (UK) government closed the Tier 1 Investor visa route to all new applications. The visa route allowed applicants to invest 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 path allowed applicants to obtain work and residence authorization in the UK through investment. Foreign nationals holding the visa will be permitted to apply for extensions under the route until February 17, 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 for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: GOV.UK
