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The Economic Times
The Economic Times
World

United Kingdom considers a new investor visa for wealthy foreigners ahead of the October budget

The United Kingdom Government is considering bringing back an investor visa for wealthy foreign nationals as the government explores ways to attract investment and support economic growth ahead of the October budget.

According to Bloomberg, the proposals could create a new route for wealthy individuals and entrepreneurs seeking to settle in Britain. However, the government has not confirmed whether it will introduce the visa or what conditions applicants would need to meet. The previous investor visa, which allowed wealthy individuals to seek residency through investment, was closed in 2022 over concerns about money laundering and the potential misuse of funds, particularly by applicants from Russia.

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