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UK plans to abolish golden visas

British Home Secretary Priti Patel intends to achieve the abolition of "golden visas" for investors, according to the Financial Times, citing sources.

To review the program "Investor visa Tier 1", which allows investors to obtain British visas to live and work in Foggy Albion, the situation with money laundering in Britain is forcing the police. The issuance of such visas, experts believe, creates a loophole for dishonest businessmen involved in the legalization of shadow capital.

However, not everyone agrees with this reasoning. The fact is that British "golden visas" are losing popularity. And if in 2018 376 investors received them, then in 2020 - only 216. And the downward trend in the attractiveness of this program remains.

Most likely, the British simply decided to cover up an already effectively dysfunctional visa-for-investment program, presenting it as part of their anti-money laundering efforts.

UK plans to abolish golden visas