
UK Lawmakers Push £2.5 Million Investor Visa Proposal
Conservative-leaning lawmakers urge a new investor visa to retain capital, while a controversial 20% exit levy proposal looms.

Conservative-leaning lawmakers urge a new investor visa to retain capital, while a controversial 20% exit levy proposal looms.

The UK government touts the “biggest migration overhaul in 50 years.” John Kiely welcomes it but warns it may fall short on retaining wealth.

The proposed levy could take effect as soon as November 26; Marco Mesina warns that the proposal itself could accelerate capital flight.

After cutting non-dom tax benefits and losing thousands of millionaires, the UK gov’t hopes to attract wealth with a new investor visa.

“By revoking the UK non-dom scheme, lawmakers could be risking much more than the flight of wealthy families,” writes Mona Shah.

After 225 years of helping Britain attract global wealth, the non-dom regime will end next year – ironically, thanks to the Tories.

The UK Supreme Court settles a nearly four-year-old legal dispute over self-serving UK Tier 1 investment structures.

The UK may restrict visa-free access for countries where “Chinese spies” can buy citizenship. This may start a domino effect, says David Lesperance.

“We don’t anticipate any truly scalable offerings in the future here in the UK,” said veteran UK investment migration provider Eric Major.

To qualify for a UK Startup or Innovator Visa, applicants must obtain the endorsement of designated endorsing bodies. John Courtney explains how to get it.

Increasingly, the Home Office is questioning the conclusions of endorsing bodies, indicates Latitude chief executive Eric Major.

The UK Investor Visa raised at least £600 million in 2021, and likely closer to £1 billion. The Startup and Innovator visas hit record highs.

Latitude’s Eric Major and Charles Russell Speechlys’ Kelvin Tanner question the Home Office’s justifications for scrapping the Investor visa.

UK Tier 1 specialist Dolfin’s special administrators have found a successor service provider for more than half of the firm’s client accounts.

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.

Though approval volumes were down across the board, the differences in performance varied sharply, from -4% to -92%.

Farzin Yazdi attributes the late summer and early fall investment boom to a release of pent-up demand stemming from the lockdown-months.

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.

Not since Q3 2008 has the Home Office approved fewer applications for Tier 1 investor visas in the UK.

Hong Kong’s BN(O)s thinking of taking up the UK’s visa offer must be ready to burn personal and financial bridges, writes David Lesperance.