Britain’s popular Tier 1 investor visa, unofficially known as the golden visa, has become the latest casualty of the Russia-Ukraine tension. On February 17, 2022, home secretary Priti Patel announced the closure of the Tier 1 investor visa with immediate effect. For several years, activists and politicians have criticised its lax regime that enabled dodgy millionaires, especially Russians and Chinese, to buy their way into getting a UK citizenship.
The scheme was introduced in 2008, in the wake of the global financial crisis, and since then over 13,000 Tier 1 investor visas have been issued. A minimum investment of £2 million was required to make the application, which after five years, could lead to permanent residency. That program has gone, but no need to worry.
If you still want to move to England, you better watch this video where Andrew shares better alternatives to the UK Investor Visa.