No London return? Chelsea owner Abramovich granted Israeli citizenship

May 29, 2018, 10:29
No London return? Chelsea owner Abramovich granted Israeli citizenship

Roman Abramovich, the multibillionaire owner of Chelsea, has formally taken up Israeli citizenship after not yet receiving a renewed visa to the UK.

The official was not authorized to talk to the media and spoke on condition of anonymity.

The UK said this month it would review long-term visas of wealthy Russians after the poisoning.

As a new citizen, "Abramovich is exempt from taxes in Israel on income earned overseas for ten years, and need not declare the sources of that income for the same period", the Times of Israel says.

Relations between Moscow and London have been strained since the poisoning of former Russian double-agent Sergei Skripal in Britain in March, an act Britain has blamed on Russia but in which the Kremlin denies any involvement. It quoted two unnamed sources as saying the football team owner's British visa expired in April.

He has also reportedly bought a property in the city.

Joe Skipper  Reuters                   Abramovich's little boat
Joe Skipper Reuters Abramovich's little boat

The British government said it would not comment on individual cases.

Abramovich has been a regular visitor to Israel and is reported to have bought a former hotel in Tel Aviv, close to the Mediterranean coast.

Israel passport holders are allowed to enter Britain without a visa for short stays.

As a new citizen, Abramovich is exempt from taxes in Israel for 10 years, and need not declare the sources of his income for that period.

Mr Abramovich is now in Tel Aviv but a spokesman would not comment on media reports that his citizenship had been granted. It is not known whether a foreign passport was issued to the Russian businessman. But he added: "There is a broader question about what the United Kingdom can do to crack down on people close to Putin who may have illicit or ill-gotten wealth".

YOU MIGHT ALSO LIKE
popular