U.K. to Tighten Rules on Foreign Investors After Russia Attack
- Investor visa applicants need control of $2.6M for two years
- New threshold excludes U.K. gilt holdings to boost economy
Ruslan Boshirov and Alexander Petrov seen on CCTV at Salisbury train station in 2018.
Source: Metropolitan Police
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The U.K. plans to make it harder for foreign investors to settle in the country, an attempt to tackle money laundering and in response to deteriorating relations with Russia following a nerve-agent attack last year.
Applicants will be required to prove that they’ve had control of the required 2 million pounds ($2.6 million) for at least two years, rather than 90 days under current rules, or provide evidence of the source of those funds. Investment in U.K. gilts are excluded from the plan to benefit the British economy.