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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
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