Investor Visa route to the Isle of Man scrapped

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.