A City law firm has said the decision will unfairly impact many overseas investors

A City law firm has said the government’s decision to scrap the so-called ‘golden visa’ scheme will unfairly punish international investors for Russian geopolitical tensions.

The government announced yesterday (17 February) it had shut the Tier 1 Investor visa route to all new applicants from all nationalities with immediate effect.

The route, launched in 2008, had allowed entry and stay in the UK if an applicant invested funds in share capital or loan capital in active and trading UK registered companies. The applicant was required to have at least £2m in investment funds and a UK bank account.

The government said the scheme had been under “constant review” and some cases had caused ...

Suzanne Townley
News Editor
Solicitors Journal

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