UK Tier 1 Investor Visa Applications Sees a 60% Drop Over 2019

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The number of Tier 1 (Investor) visa applications granted by the UK dropped radically after the launch of stricter regulations regarding the sources of funds earlier this financial year. Merely 47 Tier 1 (Investor) visas were granted in the period June-September 2019, compared with 126 in the previous quarter.

Applications from China and Hong Kong fell from 68 to 18, with only 4 of the applications coming from Russian citizens (a historically popular destination with high new worth investors). The 60% decline was due mainly to global political unrest accelerated by catalysts such as Brexit.