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Poor investment choice

Recent changes to the investor visa scheme failed to address the real issue of how to make investments better targeted to benefit the economy, says Philip Barth

28 November 2014

When the old-style investor visa was introduced almost 20 years ago, there was, even in those pre-UKIP days, a predictable uproar, with one of the leading broadsheets running the headline: "British passports for sale to rich foreigners." This demonstrated a lack of understanding about the investor visa, which in reality, is what is known as a 'residence by investment' offering.

The government decided that it would be of benefit to the UK to attract rich foreigners to live here.

The visa route enabled non-EEA nationals who had £1m in liquid funds to effectively buy the right for themselves and their families to live in the UK, by putting at least 75 per cent of the Want to read on?

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