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Armenian Premiere Instructs Cabinet Members To Help Push Through Par

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  • Armenian Premiere Instructs Cabinet Members To Help Push Through Par

    ARMENIAN PREMIERE INSTRUCTS CABINET MEMBERS TO HELP PUSH THROUGH PARLIAMENT BILL GRANTING RESIDENCE PERMIT TO FOREIGN INVESTORS

    YEREVAN, February 13. / ARKA /. Armenian prime minister Tigran Sargsyan
    instructed his ministers today to accelerate the passage of amendments
    to a procedure granting residence permits to foreign investors through
    the parliament .

    Speaking at a Cabinet session he said many other countries apply this
    incentive to attract investors. He said in Armenia a residence permit
    can be granted to a foreigner buying a property here worth $100,000
    and more or investing that much into economy.

    He said the government had long submitted a corresponding bill to
    parliament, but the document was not discussed yet there.

    According to the National Statistical Service, total foreign investment
    in Armenia's real economy sector in the first 9 months of 2013 slashed
    by almost 32 percent from the year before to $395.6 million. Foreign
    direct investments plunged by 62.1 percent to $155.1 million.

    The leading foreign investor in January-September last year was
    Argentina- $89.7 million - an increase of 6.1 times. Other major
    foreign investors were Cyprus, Russia, Canada and France. -0-

    - See more at:
    http://arka.am/en/news/politics/armenian_premiere_instructs_cabinet_members_to_hel p_push_through_parliament_bill_granting_residence_/#sthash.CNk0S0dg.dpuf



    From: Emil Lazarian | Ararat NewsPress
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