British Home Secretary Pretty Patel said on Thursday that the United Kingdom had “closed” the possibility of obtaining a permanent resident visa for any foreign national investing at least εκα 2m in a bid to crack down on fraud and money laundering. money.
The media had reported that the UK government intends to put an end to the “golden visa” program, which in the past had been used en masse by Russian investors in order for the latter to settle on British soil, with London looking at Russia’s aggressive moves against Ukraine lately, Reuters agency.
“I have closed the Tier 1 visa system for investors – it expires immediately, and those who have already received the relevant document are being considered,” Patel wrote on Twitter. “It is only the beginning of our suppression of any kind of fraud and fraudulent funding,” he added.
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.