UK announces new rule for ‘golden’ visas after backtracking

After suddenly withdrawing an announcement in December that it would suspend ‘golden’ visas, the United Kingdom has now announced a change to the application process for the immigration rules which have been strongly criticised for being a gateway for money launderers to settle in the country.

Under the changes announced on 7 March, applicants of the Tier 1 (Investor) route will have to prove that they have had control of the required £2 million for at least two years, rather than 90 days, or provide evidence of the source of those funds.

Read more at KYC360