Revealed: Tens of thousands of 'golden visas' have been granted to wealthy foreign investors - including 3,966 to Chinese and 2,477 to Russians - since 'backdoor' scheme was launched 12 years ago
[Daily Mail, where America gets its news] Tens of thousands
of so-called 'golden visas' have been granted to wealthy foreign investors, including more than 6,000 to Chinese and Russians, since the 'backdoor' scheme was launched 12 years ago.
| ...twelve thousand, actually, as we discover on reading deeper into the article — those Mail reporters are awfully excitable... |
Those eligible for the government's tier one investor visa, which launched in 2008,
must have at least £2million in investment funds and a UK bank account.
| ...Labour’s Gordon Brown was prime minister then, dear Reader, if you wondered whose bright idea this was...|
With that the can work or study in the UK for up to five years, while also being eligible to apply to settle in the country after making further investments.
Today it was revealed 14 Conservative ministers, including six in the Cabinet, have accepted tens of thousands of pounds in donations from Russian oligarchs.
All of the donations are legal under electoral rules and have been properly declared.
| How many Labour MPs have done the same? |
But there are concerns that the 'golden visa' scheme can be exploited, because not enough background checks are made on applicants.
Between July 2008 and March 2020 there were 12,175 tier one investor visas granted, according to analysis of Home Office figures.
Posted by: Skidmark 2020-07-24