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UK foresees some changes in its Tier 1 visa rules

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UK foresees some changes in its Tier 1 visa rules

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The UK Home Office declared its intention to refine the rules that govern its Tier 1 (Investor) visa program in December 2018.

Regarding the amendments, the Home Office consulted with some of the most leading service provider in the field, as well as conducting a survey by the head of Investor Visa at Shard Capital.

The survey had positive responses, as many respondents were keen on the introduction of a Pooled Investment provision, as well as supporting the idea of making co-investments with the economic development bank for the UK government. On the other hand, some respondents think that the current Tier 1 investor rules leave the program open to abuse, while many believe that the multiplier effect of Tier 1 applicants using their investments as an insurance to invest in further assets would be beneficial for the UK economy.