UK suspends ‘golden visas’ in money laundering crackdown

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December 6 2018

Overseas millionaires seeking to live in the UK face new restrictions for its ‘golden visa’ scheme as part of measures to tackle dirty money.

The scheme, introduced in 2008, allows foreign nationals to invest £2 million in the UK in return for a visa of up to five years. They can apply to settle after two years if they invest more than £10 million.