Updates to Tier 1 Visas
Recent changes to the Tier 1 investor visa program will have a meaningful impact on the investment component of visa application. Here at Henderson Rowe, we feel these adjustments are long overdue. There is a clear focus on promoting ‘genuine’ UK-based investments while also clamping down on relaxed application of anti-money laundering (AML) regulations. Essentially, the new guidance from the Home Office is bringing rules more closely in line with regulations of the Financial Conduct Authority (FCA) to which any firm investing for a Tier 1 client should adhere. For many years, too many investment firms have relied on the Home Office guidelines when, in reality, FCA regulations should always take precedence. As you might expect, FCA’s regulations set a higher bar.
These changes are a good thing for both investors and investment firms, and indeed for the reputation of the Tier 1 visa program. However, there are some potential unintended consequences. With over 10 years of experience with Tier 1 investor visas, Henderson Rowe has always taken pride in the quality of its AML procedures and have consistently offered clients a wide range of choices beyond gilt-only portfolios. As a result, the recent Tier 1 changes significantly strengthen the investment options available to our clients.
This document constitutes financial promotion under Section 21 of the Financial Services and Markets Act 2000 (‘FSMA’). Henderson Rowe is a registered trading name of Henderson Rowe Limited, which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 401809. Investing with Henderson Rowe involves risks. Please ensure that you fully understand the risks before investing. The value of investments may go up as well as down and you may not get back the amount invested. Past performance is not an indicator of future performance. All applications of the Tier 1 Investor Visa are subject to Henderson Rowe’s terms and conditions as well as the criteria of the UK’s Home Office.
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