It is noteworthy, that citizenship of Armenia by investments does not entail renouncement of citizenship of other countries nor creates obstacles for those wishing to renounce it. In this case, the applicant for Armenian citizenship can bypass all sorts of red tape procedures and is referred to the Office of the President (the standard procedure involves visiting the police department for issuing visas, the National Security Service, the Ministry of Foreign Affairs of Armenia and the Citizenship Committee). Oktober 2020 RUS Änderungen im Staatsangehörigkeitsrecht. 2. Let us examine in more detail the ways to obtaining citizenship by investments in Armenia, as well as in the basics of legislative framework applicable to non-residents who wish to set up their business operations in Armenia. The hiring of foreigners by employers without a residence permit or work permit entails a fine in the amount of 100,000 to 150,000 Armenian drams (equivalent to approximately 210 to 310 US dollars). Citizenship-by-Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. Citizenship-by-investment (CBI) is a process offering individuals fast-track access to a second citizenship and passport in exchange for an investment in a country’s real estate or a donation to a government fund. With our team of over 10 year experience and our vast strong partnerships including different programs in the Eastern Caribbean Region, Turkey & Europe. Your guide to living in Aruba. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. Dual citizenship is allowed in Armenia, so Georgian citizens do not have to renounce their current citizenship in order to acquire Armenian citizenship. The Acting Prime Minister of Armenia Nikol Pashinyan has made attracting overseas investors the priority of his new government. Citizenship; Investment Visas; Expat Stories; Moving To ARUBA; Helpful Resources; Love this article? A special status is assigned to a non-resident receiving a residence permit and permanent residence directly from the President of Armenia (for special contribution to the development of the state). Other countries offer a route to citizenship following a reasonable period of residence, such as Australia, Canada, Greece, Portugal, Singapore, the UK, and the USA. Arton Capital recommends that Armenia require the small amount of $50,000 as a minimum investment for a foreigner to become a citizen. On the 27th September 2013, the Spanish Government introduced Law 14/2013, in support for entrepreneurs and internationalization, to give non-EU citizens and members of their families the opportunity to obtain a Temporary Residence Permit in exchange for carrying out Real Estate investments in Spain whose value exceeds € 500,000 Euros. Investment programmes require a financial contribution from as low as USD 100,000 to as much as USD 2.5 million. Share. Sponsored Feature . Details are all up in the air. €450,000 investment. From start to finish, a citizenship by descent case could take weeks, months or … Create a new company with at least 10 permanent employees based in Portugal. Citizenship. directors or authorized representatives of commercial organizations with foreign capital; employees of commercial organizations of a foreign state. Australia offers residence by investment schemes for business innovation and investment. Once you acquire Armenian citizenship your minor children can automatically get Armenian passports and your spouse may become eligible to apply for citizenship. Level Immigration is an emerging leader in provision of citizenship and residency by investment professional consultancy services. Is able to communicate in Armenian language Citizenship by investment is a process by which an individual obtains a second passport and second citizenship by investing in the country ― usually in the form of property investment. Regional centres are investment opportunities that have been pre-approved by the U.S. Permanent Residency “Special residency status” issued to distinguished foreigners engaged in economic and cultural activities in Armenia. Armenia is a landlocked country situated between the Black Sea and the Caspian Sea, bordered on the north and east by Georgia and Azerbaijan and on the south and west by Iran and Turkey. Investment projects. Armenia ranks 29th out of 162 economies according to the 2018 Report. They can stay in the territory of the Republic of Armenia up to 180 days per year. It is one thing to make investments in Armenia out of a feeling of moral obligation toward the homeland. 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