According to Bloomberg, UK authorities are reportedly considering a new program aimed at high-net-worth foreign investors with a minimum investment threshold of £5 million. In return, applicants could obtain residency with a potential pathway to permanent residence after three years.

Comparison with Tier 1

The previous Tier 1 Investor Visa program was closed in 2022.

It required a minimum investment of £2 million and offered a route to permanent residence after five years. Accelerated pathways were available for investors committing £5 million (three years) and £10 million (two years).

The proposed model would eliminate thresholds below £5 million. In addition, the scheme is reportedly being discussed as an invite-only program, meaning access could be limited to selected investors.

Investment capital is expected to be directed toward priority sectors of the economy and fast-growing UK companies, while real estate is likely to remain excluded. Authorities are also expected to introduce significantly stricter due diligence procedures focused on both investor profiles and source-of-funds verification.

Why Is There Demand for a New Program?

Discussions surrounding a new Investor Visa come amid the abolition of the UK’s Non-Dom tax regime in April last year and the growing outflow of wealthy residents from the country. This trend has already been informally labelled “Wexit” (wealth exit), reflecting the increasing number of investors and entrepreneurs seeking jurisdictions with more predictable and favourable tax environments.

Among the key beneficiaries are the UAE, Cyprus, and Greece, all of which offer Non-Dom tax regimes designed for affluent foreign residents. Turkey may also emerge as an increasingly attractive destination. Against the backdrop of discussions around a potential new tax framework — including a proposed 0% tax on foreign income and capital gains for 20 years — the country could strengthen its appeal for international capital.

According to media reports, more than 11,000 millionaires left the UK in 2024 — a 157% increase compared to the previous year.

At this stage, the proposed investor program remains under discussion, and its future may ultimately depend on political developments within the UK.