Applications for ‘golden visa’ increase by 46% in year despite government crackdown

There has been a 46% increase in the number of the global super-rich prepared to invest £2m for the privilege of living and working in the UK despite Theresa May’s ordering a crackdown on a wealthy visa scheme to root out “illicit and corrupt” money flowing into the UK.

More than 400 very wealthy overseas investors applied for tier 1 investor visas in the year to 31 March, a 46% increase on the number of applicants in the previous 12 months. The tier 1 investor scheme, widely described as the “golden visa”, allows visitors to stay in the UK for 40 months if they invest more than £2m in the UK economy.

Continue reading…

Read More Sharp rise in number of super-rich prepared to invest £2m for UK visa

Facebook Comments