UK Plans Invitation‑Only Investment Visa to Regain Appeal Among Global Billionaires

The UK is weighing the launch of a new “invitation‑only” investment visa aimed at wealthy individuals willing to invest at least £5 million. The scheme would grant three years of residency, with the possibility of applying for permanent residency after that period. Officials hope the program will restore Britain’s attractiveness to global high‑net‑worth investors, a reputation dented in recent years.

Proposal documents circulated to wealth advisers outline that applicants must invest in priority sectors such as fast‑growing UK businesses. Applications will face stricter scrutiny to ensure funds are directed into areas that support economic growth. The visa would be positioned as a selective program, targeting entrepreneurs and globally mobile investors.

The UK’s standing as a magnet for billionaires has suffered since tax reforms under the Starmer government increased burdens on “non‑dom” residents. The changes prompted several high‑profile departures, including shipping magnate John Fredriksen, Egyptian investor Nassef Sawiris, and fintech entrepreneur Guillaume Pousaz. Their exits underscored concerns that London was losing ground to rival hubs such as Dubai and Singapore.

The government insists it is committed to attracting capital. A spokesperson said the Global Talent Taskforce is reviewing all options to bring in top talent and investment. Analysts note that the proposed visa echoes earlier “Tier 1 Investor” schemes scrapped in 2022 amid concerns over misuse, but with tighter controls and sector‑specific investment requirements.

If implemented, the program could complement broader efforts to strengthen the UK’s financial ecosystem, including reforms to capital markets and incentives for technology and green investment. Observers say the move reflects Britain’s need to balance tax fairness with competitiveness in the global race for capital.