From tomorrow (29 March), changes come into force for the UK Tier 1 (Investor) visa schemes. This follows a review of the programme after the poisoning of Sergei Skripal last year. The scheme was ’suspended’ and then rapidly unsuspended in December last year. Our reaction to the changes implemented tomorrow:
“As of tomorrow, the super-rich who buy UK golden visas will no longer be able to get their £2 million back with interest. Absurdly, this is actually a big step forward, but the Home Office has decided that a detailed audit of new applicants isn’t necessary. Given the intrinsic corruption and money laundering risks with these schemes - and some of the oligarchs, criminals and corrupt elite we know have already used them - the UK’s golden visa programme remains a serious concern.” said Ava Lee, Senior Anti-Corruption Campaigner at Global Witness."
Four years after the UK accidentally failed to do proper checks on applicants to the elite scheme, we're still in the dark about who the government let in. It's time they came clean about what really went on, and how they are going to avoid exposing the UK to these kinds of risks in the future."
You might also like
European Commission sees corruption risks but needs to get tougher on golden visas
The European Commission announced that schemes that sell citizenship and residency to the super rich, known as ‘golden visas’, threaten the EU’s collective security and integrity.
Every day is Commonwealth Day if you're looking for a golden visa
Caribbean countries are cashing in on visa-free access to the EU and UK.
European Getaway: Inside the Murky World of Golden Visas
How mismanaged ‘Golden Visa’ schemes are enabling corruption on an unprecedented scale, and what EU institutions must do about it