UK closes ‘golden visa’ route for investors over security concerns

UK closes 'golden visa' route for investors over security concerns
  • The United Kingdom has closed the UK’s Tier 1 investor visa, also known as the golden visa to all new applicants from all nationalities with immediate effect over security concerns.
  • The announcement was made by UK Home Secretary Priti Patel. The UK Investment Visa is a Tier 1 visa offered to wealthy individuals willing to invest a minimum of £2 million in the UK.
  • In another event, Bahrain has launched the creation of long-term visas for foreigners in an effort to “boost the economy”. It will be known as the “golden residence” Visa.

Points to remember:

  1. Which country has closed its Tier 1 investor visa (Golden Visa)?- UK
  2. Who is the Home Secretary of the UK?- Priti Patel

Source: economic times

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