London Finance Firm Collapse Leaves Golden Visa Holders in Limbo

The meeting above the Virgin Active gym across the street from the Museum of London on Sept. 2 was raucous and contentious even for a creditor gathering of a company gone bust.

Accountants winding down U.K. wealth management firm Dolfin Financial faced more than 50 of its affluent, angry Chinese clients shouting and hectoring them, many in Mandarin, three people present at the meeting said. Dolfin had gotten them “golden visas” for U.K. stays of about three-and-a-half years in exchange for investments, using ways being questioned by the Financial Conduct Authority. Fearing their visas could be revoked, they demanded documents proving the validity of their investments.