NEWS & MEDIA
UK grants 92 Tier 1 (Investor) Visas23 August 2018
A total of 92 Tier 1 (Investor) visas were granted during the second quarter of this year, with dependents (143) not falling despite the January rule change. The attractiveness of the UK remains among HNW migrants despite the unknown outcome of Brexit negotiations.
As per previous releases, Chinese applicants accounted for the lion share of applicants at c35% followed by Russian applicants, which surprisingly saw an increase despite all of the news and introduction of new sanctions. Year on year for the first half of ‘18 there is an increase of 17% of UK Investor Visa applicants.
As we highlighted with the Q1 announcement, Turkish applicants have disappeared given the devaluation of the Lira. Investor Visas have always been a leading indicator of economic and political uncertainty. No other significant trends appeared in terms of country of origin this quarter.
Review your existing client portfolios! Further to the statement of changes and updated guidance circular, I strongly encourage immigration advisors and lawyers to review the accrued interest and declared dividends element of their clients portfolios. While this can be financially technical, we are more than happy to review this and are here to assist you on an anonymous and non-committal basis.
Also, make sure there is no loan secured against the portfolio and that the current provider can issue such a letter. It never ceases to amaze, the errors made which could easily be avoided. Investing for Investor Visa purposes requires expertise and experience which cannot be obtained by dabbling in this space.
If you would like a copy of the handout distributed at the ILPA economics working group, do not hesitate to contact us.