The UK Government is concerned the current Tier 1 Investor route is not bringing benefits to the UK as envisaged.
Under the Tier 1 route, a migrant must invest a minimum of £1 million. The investment must be in UK Government bonds, share capital or loan capital in active and trading UK registered companies.
Investors are buying sufficient numbers of bonds to remain in the UK, and then selling them, possibly with a personal gain, on receiving UK settlement rights. This was not how the Government envisaged the system working.
The Government has asked the Migration Advisory Committee (MAC) to advise on whether the current Tier 1 Investor requirements are the best way to deliver economic benefits for the UK.
The MAC is due to feed back to the Government with its view by 7 February 2014.
For more information see The Migration Advisory Committee.
