CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has announced the close of its Tier 1 investor visa, also known as the golden visa?
A
United Kingdom
B
United Arab Emirates
C
Germany
D
France
Explanation: 

Detailed explanation-1: -Britain’s popular Tier 1 investor visa, unofficially known as the golden visa, has become the latest casualty of the Russia-Ukraine tension.

Detailed explanation-2: -The category, which was closed to new applicants on 17 February 2022, had been attractive to individuals from overseas looking to relocate to the UK and capable of making a substantial investment in the UK economy, with the visa leading to settlement after a five-year stay and, ultimately, to British citizenship.

Detailed explanation-3: -Switzerland: Switzerland’s Golden Visa program involves a meticulous process. You can choose one of the following investment options to obtain residency in Switzerland by investment: You should create a company to provide jobs to Swiss nationals.

Detailed explanation-4: -Under the programme, foreigners who invested 2 million pounds in assets in Britain could apply for permanent residency after five years in the country. Investing 10 million pounds allowed an application after two years.

Detailed explanation-5: -The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits, which include: an entry visa for six months with multiple entries to proceed with residence issuance. a long-term, renewable residence visa valid for 5 or 10 years.

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