• Thursday, April 25, 2024

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UK government ends ‘golden visas’ system for the super-rich

By: Sarwar Alam

The UK government on Thursday (6) said it plans to suspend a visa category used by many high net worth Indians over fears that it was being misused. The Tier 1 Investor visa, referred to as a “golden visa” for the fast-track route to settlement rights in the UK it offered to the super-rich willing to invest millions in the UK, will be suspended from Friday midnight until new rules are put in place next year. According to official figures, around 76 Indian millionaires have used this visa category to gain permanent settlement in Britain since 2009, with a peak…

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