The British government has quietly dropped plans to suspend the Tier 1 Investor Visa route in the UK. In recent months there has been increasing pressure on the UK to do something about these so-called golden visas after it emerged that a significant number of Russian oligarchs had used the visa scheme as a backdoor into the UK. The scheme has been criticised in the past for allowing less than desirable characters to enter the UK. In many cases it's been asserted that the visas had been used to assist criminals to launder money.
For those with a minimum of £2 million to invest in the UK, the Tier 1 Investor Visa is a great option for those looking to move to the country in order to make investments. But the generosity of the visa has allowed criminal elements to make the most of it and move to the UK in order to continue their illegal activities. On the suspension Immigration minister Caroline Nokes said: The UK will always be open to legitimate and genuine investors who are committed to helping our economy and businesses grow. However, I have been clear that we will not tolerate people who do not play by the rules and seek to abuse the system. â€œThat is why I am bringing forward these new measures which will make sure that only genuine investors, who intend to support UK businesses, can benefit from our immigration system.
The suspension, and then the quiet dropping of it, are yet again another worrying own goal for the beleaguered Home Office. In recent months there has been a raft of immigration changes that certainly appear to have been made at very short notice. The decision to suspend the Tier 1 Investor Visa though appears to be one of the more dramatic and poorly thought through. Whilst it is appreciated that the route is very generous and allows for the possibility of abuse, it is also significantly useful to the country. The visa attracts significant inward investment and allows British businesses to grow. With Brexit on the horizon, the UK will need all of the inward investment it can get.
There are concerns that the decision to suspend the Tier 1 Investor Visa route is politically motivated; in recent months the current Conservative government has become increasingly open about trying to reduce migration and has leveraged this somewhat in order to keep its Brexit plans on track. With the country facing such a chaotic immigration future, decisions such as this will not help to encourage wealthy investors to the UK. This decision could add to the UK's problems rather than take away from them.
The future is now unclear for the Tier 1 Investor Visa route. The government's quick change of mind is symbolic of a government that is increasingly making knee jerk reaction decisions. This will not help to build confidence in the British economy and will in all likelihood send investors elsewhere. With Britain's European neighbours very much open for business, the UK is going to need to find a competitive edge and quickly to ensure that investors continue to travel to the country in order to invest.
The Brexit chaos is increasingly dominating the political discourse in the UK. The surprise decision in 2016 of the UK to leave the European Union has caused shockwaves ever since. Brexit has led to a significant lack of trust in the British economy which has ensured that the value of the pound has remained low. The pound's low value has caused price rises in the UK and is likely to force the Bank of England to start raising interest rates. This effect could be significantly compounded when the UK does leave the European Union if it then needs to begin paying large tariffs on imported goods from the European Union.
The decision by MPs to reject Theresa May's exit deal from the European Union has caused yet more uncertainty in the British economy. It has also caused other European leaders to take a strict line with Britain. In recent days French president Emmanuel Macron has noted how the British Public will be the biggest losers when it comes to Brexit. He also noted that the British public have been sold a lie by the government who continue to insist that a better deal is possible in negotiations between Britain and the European Union.
It certainly appears of Britain is on the precipice. One step in the wrong direction and one of the world's largest economies could be in huge trouble. What this means for Tier 1 Investor Visa applicants is unclear. Of course uncertainty means that the markets may be rattled and this in itself will produce potential problems as well as potential opportunities. The one thing to keep in mind is Britain's resilience, in all likelihood no matter what happens, the British economy will survive and continue to thrive. But for now the only certainty in Britain is indeed uncertainty. For brave investors this means there may be opportunities like never before, but that is likely to be a select few. if the government wants to continue inward investment into the UK, it needs to stop playing party politics and make the process and its intentions significantly clearer
Do you need help or advice with a Tier 1 Investor Visa query? Get in touch today and our experienced immigration specialists can help you to decide whether coming to the UK is the right step for you - If it is, they can give you the most appropriate and up-to-date information on making your application and can give you help and advice on all facets of immigration law. Take your first step towards your move to the UK today by getting in touch.
It's a shame that you dont have an 'Excellent' star rating on here, as my experience with Reiss Edwards is nothing short of an excellent rating. They handled my application for an Indefinite Leave to remain in April 2014 and did my husband's one very recently including my daughter. Every time i have approached them, they have continued to treat me with courtesy, respect and patience. Amar was indeed a very thorough and professional gentleman. He is very knowledgeable, corporative and engaging. He responded to my emails, calls and enquiries promptly. He was always reassuring. I could not have asked for a better Immigration service. I would recommend them over and over again for anyone looking for an immigration advice. They gave me a free immigration advice when i called them, and the quality of the advice was something other charge thousands for. If you need a particular, name, Amar would be it. He exemplifies, for me, the true, professional gentleman. He is a valuable asset to Reiss Edwards.
I am glad that i instructed Reiss Edwards on my visa matter. It started with a 20 minutes free immigration advice. I met with Amar to discuss my ILR refusal. He gave me a great deal of quality advice and decided to take on my messy case. I had doubts on the merits of my case by he was relatively convinced he could win it. That made me quite secure. To be honest, things did not start as quick as I would have wanted, but they kept on communicating the process and state of things to me.A big thank you to Verusha and Foram. They were also very helpful. Brilliant and informative. Their fee was fair and reasonable, especially if you compare them to other law firms and immigration law firms in London; some of whom even told me that i would not be able to get an indefinte leave to remain in this country. The process was long but was worth it. In the end, a big thank you to Reiss Edwards.
Investing over 2 million pounds is defintely not a routine decision. We had to make sure that the Tier 1 investor immigration lawyers that we'd be picking has to be one of the best within the Tier 1 investor category. We contacted Reiss Edwards and they were able to get us not only the Tier 1 investor visa but also suggested profitable investment portfolios in addition to what we already had in mind.
TI have just had British Citizenship application approved. Prior to making the application, i was not sure which law firm i should hire to facilitate the paperwork. After a few hours of research, i decided to go with Reiss Edwards and i must confess that i wasnt disappointed. The immigration lawyers at Reiss Edwards handled my case well and they really knew what they were doing. They were fully aware of what documents I needed and it was easy for them to tell if my case was going to be easy or not. At the end of the day, I have not received my British citizenship within 3 months. If anyone is looking for a good immigration lawyer to handle thier case, contact Reiss Edwards.
My wife's spouse visa extension application was refused by the Home Office and they gave her 14 days to leave the country. We contacted Reiss Edwards and they said "OK don't worry we will sort this out". They put together the list of documents for me to obtain and they prepared a bundle which was as thick as the printer it came out from.We followed everything they asked us to do and in the end we won our appeal and got our spouse visa. We can't recommend them enough and we have promised ourselves never to make any more UK visa applications without them.
The team of lawyers at Reiss Edwards are very professional and friendly people. Their experience in and around UK immigration law is quite extensive; be sure that you application is in safe and competent hands. My immigration matter was an indefinite leave to remain application based on Tier 1 on a self-employment basis. The immigration lawyers at Reiss Edwards made sure that the application was perfect and ready to be accepted. I got a positive decision and I recommend them highly for anyone who needs a UK immigration help.
I contacted Reiss Edwards to help me with my wife's UK settlement visa. They acted with utmost professionalism throughout the entire application. I spoke with Joe Dinh, he is an immigration solicitor and he is one of the best solicitors out there. He ensured that there was little to no room for error. At some point I thought he was over cautious. He remained calmed and continued to assure us on our immigration matter. Most people in his position would have panicked but he was calmed and continued to assure us. We received out positive outcome very quickly.
I have been using Reiss Edwards for three years now for my family's immigration application. Both for my initial application and extension. They are really affordable. The team of solicitors at this firm are probably one of the most efficient and economical in terms of cost. They offered free advice over the phone and spent good time with us before inviting us for consultation.
Reiss Edwards is a top notch immigration service company. The way they handled our documentation and also the list of documents they sent was efficient and top quality. They helped us professionally throughout the process. We are very happy with the immigration advice we received from the team. We highly recommend them.
I used Reiss Edwards immigration lawyers to assist with my immigration matter and that of my family. It was an EX1 application. They dealt with the matter properly and even when complications were coming up from the Home Office, they helped resolve the issue properly. They are very professional and are very popular in London. I am happy to have worked with them.
This is the only firm that i spoke with that didn't ask for money before listening to me, will be using them again.
I used Reiss Edwards for my Tier 2 visa application and it was successful. The team was ever present and happy to answer my question. The caseworker that dealing with my case went on holiday yet by case did not suffer one bit. Another lawyer stepped and took over the case without any hassle.
My Tier 1 Investor Visa was dealt with quickly and without issue. Would recommend Reiss Edwards as an Immigration law firm in London. Thank you to the team.
530 ReviewsREAD ALL REVIEWS