Tier 1 Investor Visas | Concerns Over Checks on Applications

Tier 1 Investor Visas was introduced in 2008 and in that year 43 foreign nationals succeeded in their applications. In 2012 the number of applications soared and 470 visas were granted. The increase was due to rising demand from people from Russia and China.

According to a report in the FT this week wealth management companies are concerned over Home Office checks into the foreign millionaires’ finances as they feel there is a disconnect between what the companies have to do to establish the source of funds and what are perceived as the less in depth checks carried out by the Home Office. The response from the Home Office is that they are carrying out extensive verification and criminality checks and preventing fraud but these checks are not a substitute for those that financial institutions are legally required to carry out on investors’ funds .

For more information from this site on the this type of visa click on Commonwealth Contractors Tier 1 Visa Information.

If you have not got a million £s in the bank but have exceptional talent then the Tier 1 Exceptional talent route may be for you. Click here.

If you need a visa to work in IT, Engineering, Actuary or Finance Commonwealth Contractors may well be able to help.

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