Chetal Patel and Matthew James explore the implications of the closure of the UK investor route

On 17 February, UK Home Secretary Priti Patel announced on the closure of the Tier 1 Investor route for new applicants with immediate effect “following our review of all those granted.”

The investor route allowed overseas nationals to obtain a visa to live and work in the UK in exchange for investing in the UK economy. Following the scrapping of the Tier 1 (Entrepreneur) route in 2019, it was the only route for which the applicant didn’t have to rely on anyone else to obtain the visa (or the country of their birth). It was an attractive route for a number of reasons; it required no endorsement from a third party or sponsorship from an employer. It could be used for those looking to relocate to the UK full time on ...

Chetal Patel
Partner
Bates Wells

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