Then, apply now.
Avoid UK Tier 1 Investor Visa changes—If you wish to avoid the new tougher UK Tier 1 Investor Visa changes, then you must hurry to make an application for UK Tier 1 Investor Visa program.
Apply at the earliest to UK Tier 1 Investor Visa program to avoid the announced changes to this UK visa scheme.
The announced rules for UK Tier 1 Investor Visa program will become effective from April this year. Current rules for UK Tier 1 Investor Visas allow foreign investors to invest £1-10 million for getting permission to make an application for UK permanent residency under a fast-track UK visa route.
While those investing £10 million can get the UK residency right in a span of only two year. The period of wait for those investing £1 million will be five years.
Nearly 600 foreigners apply under UK Tier 1 investor visa program annually.
What are the announced changes to UK Tier 1 Investor Visa program?—
Let us see the announced changes to UK Tier 1 Investor Visa Program in detail here—
• Doubling threshold of UK Tier 1 Investor Visa program to £2 million from the current threshold of £1 million.
• High Net Worth Individuals need to enter into an eBay-style auction for nearly 100 UK fast-track investment visas.
• Nearly 100 UK visas could get auctioned each year in this way.
Impact of the proposed UK Tier 1 Investor Visa reforms—Well, as per UK government official immigration advisers, such UK visas(UK Tier 1 investor visas) enabling the right to live permanently in the UK could be auctioned to the highest bidders.
The new premium scheme(as per suggestions) should have a reserve price of £2.5 millions for sealed bids.
As per the proposed UK Tier 1 Investor Visa reforms, foreign millionaires will get invitation to make bid for a specified proportion of UK Investor visas or UK Tier 1 Visas.
But this could create an ‘eBay culture’ for UK permanent residency. And under a second alternative, the UK government proposed allowing UK visas to be purchased by making donations to universities or hospitals in the UK.
There are serious concerns that UK investor visa program is not benefiting the UK and is being used by some rich foreigners to gain permanent residency in Britain.