The ILPA, an influential group of lawyers, accuses the Home Secretary of flouting democratic convention by unilaterally closing the program.
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The decision is reportedly motivated by a desire to cut economic ties to Russia and concerns the program is vulnerable to money laundering.
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Channel 4 and the Times say they have exposed a “scandal”, but the industry has itself repeatedly urged the Home Office to update its procedure.
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Nearly nine in ten respondents favored the introduction of a “pooled investment” provision, in which the government would identify specific projects with a clear benefit to the UK economy, into which applicants would co-invest.
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The changes aim to better protect against financial crime and ensure investments are of greater benefit to the UK economy.
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Ahead of the Home Office’s heralded reform of the UK Tier 1 Investor Visa program – the particulars of which remain a known unknown – investors in December scrambled to submit applications.
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Stakeholder input requested ahead of UK government reforms of the Tier 1 Investor Visa program.
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On Thursday, the BBC, the Guardian, as well as the front page of the London Times reported that the UK
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The Home Office today announced that effective tomorrow it is suspending the UK Tier 1 Visa program. The suspension will
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British Home Office figures released today show that 92 main applicants and 143 dependents received “Leave to Remain” (the initial
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British Home Secretary Amber Rudd has announced her officials will be scrutinizing the files of some 700 Russian investors who
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