Thursday 17th February, the Home Office issued a statement of changes to the immigration rules that closed the Tier 1 (Investor) visa route to new applicants as of 16:00. Those already on the visa route can still make applications to extend their visas until 17 February 2026 and apply for indefinite leave to remain until 17 February 2028.
In its explanatory memorandum, the Home Office shared a snippet of what might eventually replace the visa route:
“The Government intends to make future alternative provision for investment-related migration through reforms to the existing Innovator immigration route. This will make more targeted provision for investment-related migration, offering a route for entry and stay for overseas nationals with a track record of investment activity overseas and credible plans to engage in such activity. It is expected that these new arrangements will be delivered through further changes to the Immigration Rules in Autumn 2022.”
If you require any further information, please do not hesitate to contact our Immigration team at Bond Adams at either of our offices in Birmingham and Leicester.