UK renews golden visa crackdown

Pedro Gonçalves
clock • 4 min read

The Home Office has announced reforms to the golden visas schemes for wealthy investors as the UK targets dirty money in the wake of the Skripal attack. Under reforms to the Tier 1 (Investor) scheme, applicants will be required to prove they have control of the £2m they are required to have for two years, rather than 90 days, or provide evidence of the source of those funds. The tier-one "investor visa" route has in the past attracted many wealthy Chinese and Russian investors who have resettled in the UK. However, in an attempted crackdown on money-laundering, the scheme has been und...

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