UK Home Office Defends Closure of Investor Visa, Signals New Provisions for Innovator Route
While it plans new provisions for the Innovator visa in the fall, the Home Office says these will not “accommodate would-be Tier 1 investors”.
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“Politics and Optics” and “Difficult to Understand”: Industry Reacts to UK Investor Visa Closure
Latitude’s Eric Major and Charles Russell Speechlys’ Kelvin Tanner question the Home Office’s justifications for scrapping the Investor visa.
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UK to End Investor Visa “Within Weeks”, Ostensibly to Cut Economic Ties to Russia Over Ukraine Impasse
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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UK Investor Visa Sets Post-Pandemic Record in Q3, Startup Visas at All-Time High
The strong rebound, says Tolstaia, reflects the UK’s persisting status as a “magnet for international UHNWIs.”
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Record Quarter for UK Innovator Visa, 187% YoY Improvement for Investor Category
Arrows are pointing up for all of the UK’s investment-based visas.
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Brokerage Acquires Majority of Shuttered UK Tier 1 Specialist Dolfin’s Clients
UK Tier 1 specialist Dolfin’s special administrators have found a successor service provider for more than half of the firm’s client accounts.
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UK Tier 1 Specialist Dolfin Closes Doors in Wake of FCA Restriction Order
Dolfin Financial, which once managed GBP 1.3 billion on behalf of clients, has filed for special administration in the city’s High Court.
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American Interest in UK Investor Visas Continues to Grow – 1 in 4 Iranians Rejected
More than one in four Iranians, 22% of Pakistanis, 16% of Indians, and 13% of Egyptians have historically been turned away. No Brazilians have ever been rejected.
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UK Court of Appeal Overturns Tier 1 IV Ruling: Investment-Loan Structure Was Legal
In a ruling of some consequence, the UK Court of Appeal has overturned an Upper Tribunal decision that said the Maxwell/Eclectic structure was a rule-violation.
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Shard Capital Investor Visa Appoints Chief Investment Officer
“We expect a significant bounce back in the number visa issuances as 2021 progresses,” said Shard Capital’s Head of Investor Visa, Farzin Yazdi.
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UK’s FCA Orders Major Investor Visa Provider to Stop Activities Over Concerns of Misconduct
The FCA said it had “identified a number of serious concerns” about the firm’s conduct, including for Tier 1 investor visa activities.
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UK Tier 1 Investment Down 40% in 2020: Quick Vaccine Rollout and Brexit Expected to Drive Rebound in 2021
The UK Tier 1 Investor Visa ended 2020 40% below 2019. Farzin Yazdi offers three reasons the market will bounce back in 2021.
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UK Tier 1 Applications Come Roaring Back in Q3: Approvals up 317% From Q2
Farzin Yazdi attributes the late summer and early fall investment boom to a release of pent-up demand stemming from the lockdown-months.
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“There Have Been Many Attempts to Eliminate [UK Tier 1] Route” – 10 on The Weekend: Farzin Yazdi
Farzin Yazdi is upset that “a few bad actors see migrants as naïve and an easy catch for a scam,” and admires the work of Bruno L’ecuyer’s IMC.
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Pandemic Brings UK Tier 1 Investor Visa Applications to Halt in Q2
Not since Q3 2008 has the Home Office approved fewer applications for Tier 1 investor visas in the UK.
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UK Tier 1 Investment Falls to 4-year Low in Q1: “UK Could Lose £350m” If University Classes Move Online
“The UK could lose over £350m of foreign direct investment if universities move classes online during the next academic year,” Farzin Yazdi estimates.
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As EU Citizens Lose Settlement Rights in UK, Tier 1 Visa’s Future Looks Bright
Next year, EU citizens will no longer have automatic settlement-rights in the UK. This widens the Tier 1 visa’s target demographic by 11m European HNWIs.
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UK Tier 1 Firms in Hot Water Over Self-Serving Investment Advice
One firm’s director lent more than GBP 100 million to UK Tier 1 applicants on the condition they invest it in a company controlled by his wife.
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UK Tier 1 Investor Visa Approvals Plummet 60% in Q3
Only 49 main applicants received Tier 1 Investor visas during the Q3 2019, a down from 124 in the preceding quarter.
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UK Tier 1 Investor Visa on Track to Raise £1 Billion in 2019 – Record Interest From Hong Kong in Q2
Not since the entry price was half of today’s – five years ago – have more Hongkongers obtained UK Tier 1 Investor visas in a single quarter.
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