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UK cancels golden visas
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UK cancels golden visas

UK cancels golden visa scheme. Visas scrapped over security concerns.

Where: UK

The Facts

Visas granting foreign investors a fast track to residency in the UK are being halted, effective immediately.

The intention behind the decision is to cut links to Russian money over the potential re-invasion of Ukraine.

The golden visa was introduced in 2008 to encourage people with money from abroad to invest in the UK.

The UK government website states, “You can no longer apply for a new Tier 1 (Investor) visa”.

Home Secretary Priti Patel tweeted, “I’ve closed the Tier 1 Investor visa with immediate effect following our review of all those granted.”

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