Nigel Farage’s reform in the UK is launching an effort to raise funds from rich offshore donors in low tax jurisdictions, including Monaco, the United Arab Emirates and Switzerland, taking advantage of Britain’s poor funding rules to strengthen its cash registers.
The right -wing populist party is seeking to raise money from British migrants who can donate in their name, as well as aliens rich in UK businesses, which can be used to functions, said reform treasure Nick Candy.
Candy, a property developer, told Financial Times that the effort would include places such as Isle of Man, Guernsey and Jersey. “We will do events in restaurants, people’s private homes and yachts,” he said.
He added that the reform had no “no issue that raises money from any people who want to help”.
“You have to be in the UK Electoral Register or in the Overseas Electoral Registry or have a UK trading company,” Candy said. “There are many people in Monaco, Switzerland, Isle of Man, Guernsey, who can meet both of these criteria to donate.”
Drive for fundraising comes so much, best known for its success as a Brexit campaign, is trying to turn the reform into an electoral force capable of seriously opposing the upcoming general elections, which is expected in 2029.
The first reform test will come next week as he hopes to win huge profits in the May 1 elections and the mayor throughout England, as well as in the Runcorn parliamentary place.
Candy said he had personally led the fundraising for the elected elections with his £ 200,000.
But since winning the five seats in parliament last July, the Farage party has not yet revealed large ticket donations even after it has linked the governing party to the polls and moved to the Conservatives, the traditional Britain party to the right.
The reform raised 280,000 in in the last quarter of 2024, the latest period for which the figures are available, compared to the Tores, which set up 2m, and the lab, which provided £ 1m.
Candy, who became a treasure in December, said that in the first quarter of this year the party had secured millions of pounds “and we just went.”
“Tory’s biggest donors are talking to us and they are willing to make the transition to reform, but that switch will be easier to do after seeing the results on May 1,” Candy said, though he refused to name names.
Candy said he expected that about 20 individuals would give £ 1m each to reform before the next general elections.
The reform treasure said he traveled to the United Arab Emirates every other week “in business, and last week received a £ 100,000 donation from a migrant there who has a UK -based finance business.
He added that he had a meeting with an Energy Sector executive last week who then donated £ 100,000 and showed that he would give up £ 1m for the party.
The reform was aiming for donors in the oil and gas sector that were “very disappointed,” Candy said, due to the high level of taxation, the United Kingdom currently applies to industry profits. The reform has criticized the UK’s net zero target, which Farage has recently said will be the “other Brexit”.
On the offshore funding prompted criticism from Toria, who are trying to protect Farage and reform after losing power last year in their worst loss in the ever -ever -the -election.
“Farage attracts Pints to Runcorn for cameras, but he would better set up toast in Monaco,” said a Tory figure. “All the flat lids in Merseyside and flat whites in Monte Carlo. The reform wants the voting of the ordinary man, but is the offshore account that receives the following call.”
Candy said that in recent years Britain “has had the largest brain drainage ever” due to wealthy residents leaving in the types of jurisdictions Reform is aiming for its movement to raise funds.
He mentioned a FT interview with Egyptian billionaire Nassef Sawiris who blamed the “incompetence years” by Toria for tax changes that have led him to leave the United Kingdom for Italy and Abu Dhabi.
Conservatives told the government that they would abolish the favorable non-dominant tax regime of the UK, a political work later implemented.
“No-doms don’t want to leave, they just have better opportunities nowadays,” Candy said, adding that “when they leave they don’t come back.” Candy said he was a UK tax resident.
Earlier this year, the reform was judging a donation by Elon Musk, Tesla’s chief and adviser to US President Donald Trump.
Unsuccessful discussions with Musk, who since then poured into Farage, drew attention to the fact that the UK electoral system allows foreign persons to donate to British parties as long as money is given by a UK registered company.
There are no boundaries in the amount of money that can be given in this way, or by British nationals in their name. However, there are strict rules of expenditure during the campaign period in the election.
Prime Minister Sir Starmer’s adviser for ethical standards has called on the government to limit donations from companies in profits they had made in the UK in the last two years.
The UK nationals living overseas for more than 15 years ago were not allowed to donate or vote, but Tories abolished in 2022 ahead of the 2024 general elections.
