Changes to the UK Investor Visa

Tier 1 (Investor) visas were introduced in 2008 to allow individuals with at least £1m available to invest to remain in the UK on a long-term basis. They are seen as a shortcut for wealthy foreign nationals to become British citizens. Surprisingly, Chinese nationals accounted for 43% of all Tier 1 visas issued last year. Of the minimum £1m capital invested, no less than £750,000 must be invested in UK government bonds, share capital or loan capital in active and trading UK registered companies. The remaining £250,000 can be invested in other UK assets such as un-mortgaged UK property or cash held in a UK bank account. One challenging condition is that if the value of the investor’s overall investment drops below the £1m threshold at any point...

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Posted in: Immigration News , travel news , UK Immigration , UK Visa

Seair, Skyjet Airlines operator certificates suspended by CAAP

MANILA, PHILIPPINES- The Civil Aviation Authority of the Philippines (CAAP) on Monday ordered the suspension of the Air Operator Certificates (AOC) of low-cost carrier SEAIR International Inc. and leisure airline MAGNUM AIR (Skyjet) Inc. effective May 18 for various safety "observations" based on a report by the European Union Assessment Team relative to their recent inspection visit held last month. AOC is the approval granted by CAAP to aircraft operators allow them to use their aircraft for commercial purposes. In a letter address to Mr. Avelino Zapanta of SEAIR and Capt. Teodoro Fojas of Magnum Air, CAAP informed the two airline officers of the suspension order due to various safety shortcomings that apparently did not meet prescribed...

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Posted in: philippine travel news , travel news

Australia Announced New International Immigration Partnership

Australia has signed a new partnership agreement with the International Organisation for Migration (IOM), it has been announced. Immigration Minister Peter Dutton said it will further strengthen Australia’s important relationship with the organisation. ‘We both commit to cooperating strategically on key shared migration priorities, establishing structured dialogue to enhance governance arrangements and to develop and implement programmes that make substantial positive difference to migrants,’ he explained. Since its founding in 1951, Australia and IOM have shared a close collaborative working relationship. Australia was one of the 16 countries that formed the original membership of IOM, and Australia continues to value the important...

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Posted in: Australian immigration , Immigration News , travel news