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The Migration Advisory Committee (MAC) has recommended the Government substantially reforms the visa route for entrepreneurs looking to come to the UK.
According to evidence gathered by the MAC, some migrants are using the entrepreneur route as a low cost alternative to the Tier 1 (Investor) route, which requires an investment of £2 million. This approach involves migrants investing into a business in return for a small equity stake, but with only a limited role in the running of the business.
As part of its recommendations to make the entrepreneur route more selective, the MAC says that industry experts should be responsible for selecting successful applicants. It also recommends that routine monitoring of successful applicants is introduced.
As part of its recommendations, the MAC says:
Currently these are only recommendations, however it is highly likely that there will be a Statement of Changes to the Immigration Rules and that the Tier 1 (Entrepreneur) route will be changed.
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