New rules have come into effect from 13 January2005 to encourage high net worth individuals to come, invest and livein the UK and to make sure UK rules remain competitive with othercountries. The UK government hopes that this will encourage an increasein the numbers of applications made. It will increase investment in theUK economy. The new rules will, for the first time, allow investors toutilise loaned funds for their investment in the UK.
The New RulesInvestors are no longer restricted to proving that they have no less than £1 million of their own money to invest in the UK.