Thu, 24 Feb 2022
The Isle of Man Tier 1 (Investor) visa has now been closed to new applicants, after a move from the UK to scrap their equivalent foreign investor visa scheme following security concerns.
The Tier 1 (Investor) visa was a route for high net worth individuals making a substantial financial investment to the Island, with individuals requiring a minimum of £2m in investment funds to apply. This allowed investors to stay for just over 3 years, or allowed investors to apply to settle after 2 or 3 years if they made more significant local investments.
Since 2014 only 6 applications had been made for the Tier 1 (Investor) visa, one of which was refused.
No new applications have been received since 2017.
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