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Which country has recently announced the termination of Tier 1 Investor Visa, also known as Golden Visa?
A)
France
B)
United Kingdom
C)
United States
D)
United Kingdom

Correct Answer :   United Kingdom


The Home Secretary has taken decisive action to shut the Tier 1 Investor visa route to all new applicants from all nationalities with immediate effect.

 
The route 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.
 
It has been under constant review and some cases had given rise to security concerns, including people acquiring their wealth illegitimately and being associated with wider corruption.
 
While work has been done to reform the route in order to prevent abuse, the Home Office has acted to close it today(17th Feb 2022).
 
This demonstrates the government’s New Plan for Immigration in action – being firm against those wanting to abuse the immigration system while those who want to come to the UK and play by the rules will have that opportunity.
 
The Home Office will be making reforms to the Innovator route, part of the new points-based immigration system, to provide an ambitious investment route which works more effectively in support of the UK’s economy.  .

Source : Gov.uk

Published On : February 23, 2022
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