UK Tier 1 investor visa was not suspended as planned

The Tier 1 Investor Visa scheme was not suspended despite the Home Office saying it would be. Even before the decision to suspend the Tier 1 Investor visa scheme a number of investment related companies had decided that they did not wish to continue to be involved in the scheme. It may be worth looking at other Tier 1 visa schemes such as the Tier 1 Entrepreneur visa and the Tier 2 Sponsor Licence and Tier 2 visa scheme. Birmingham-based wealth management firm, Quilter Cheviot, scrapped its Tier 1 investor visa services recently, amid concerns over competitors offering open investment accounts to wealthy foreign investors, prior to the completion of due diligence checks. The firm’s decision has once again shed light on attempts to abuse the Tier 1 investor visa programme.