UK Scraps ‘Golden Visas’ for Wealthy Foreign Investors Over Security Concerns

The City of London financial district can be seen as people walk along the south side of the River Thames, amid the COVID-19 outbreak in London, Britain on March 19, 2021. Henry Nicholls/Reuters

The UK government has scrapped the so-called “golden visas” for wealthy foreign investors over security concerns.

The Home Office announced on Thursday that the Tier 1 Investor visa route has been shut to all new applicants from all nationalities with immediate effect.