Changes to Tier 1 (Investor)
Minor and technical changes have been made towards Tier 1 Investor Visa, the main changes are as follows:
- the provision in Appendix A, at paragraph 65-SD (b), only applies to migrants who previously had leave in the pre-Points Based System (PBS) Investor category;
- when property is used as evidence for balance of funds, it can only be jointly owned with the spouse or partner of applicant; and
- investment by way of share or loan capital in investment syndicate companies is not acceptable. In regards, to Investment Syndicate Companies is intended as a measure to specifically prohibit applications which seek to rely upon investment in so-called ‘namecos’, which operate as part of underwriting syndicates in the Lloyds insurance market.
