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U.K. Home Secretary Priti Patel announced to scrap the “Golden Visa” programme for millionaire investors, in a bid to cut down on fraud.
Data on Investors visas
As per Home Office data, there were around 1,400 investor visas issued between 2015 and 2020. Furthermore, a Parliamentary report from 2020 notes that, there had been exploitation of ‘investor visa program’. It offered ideal mechanisms for illicit finance to recycle through London ‘laundromat’.”
The UK Golden Visa program offers wealthy foreigners a path to residency, in case they have invested more than 2 million pounds in the U.K.
By: Brijesh Kumar ProfileResourcesReport error
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