The UK Home office said today it will delay the plan to suspend investor visa route (aka golden visa). The Tier1 investor visa scheme is not suspended, will remain open, and will be reformed, according to Independent. The Government has made a U turn with this announcement after suspending investor visa route.
“The Tier 1 Investor visa is not currently suspended, however we remain committed to reforming the route,” a spokesperson for the department said on Tuesday.
“A further announcement will be made in due course.” said the spokesman
The official website of UK tier1 investor visas shows no announcement of suspension of the scheme.
Last week Home office announced, suspension of Tier1 investor visas from Dec 7 and new reforms will be introduced from Spring 2019.
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.
“That 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 reformed visa will require applicants to provide comprehensive audits of their financial and business interests, and show they have had control of the £2m of investment funds required to obtain the tier 1 visa for at least two years. Applicants will no longer be able to invest in government bonds as part of the reforms, and must invest in active and trading UK companies.
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