The Law of the Republic of Armenia “On foreigners”; RA international treaties and other laws regulating immigration relations; government regulations governing various technical issues, including working conditions and immigration rules. It is one thing to make investments in Armenia out of a feeling of moral obligation toward the homeland. Also, it should be noted that the Republic of Armenia does not limit foreign employers in the number of employees per one company. Despite popular belief there are very few European countries that offer residency through investment in real estate. The economic investment in Armenia is favorable with Government backed incentives including Free Economic Zone (FEZ) . Earlier this year, the hetq.am investigative website published an article on Arton Capital, a company that specializes in “citizenship by investment” programs around the world. Terms of acquiring or terminating Armenian citizenship are settled upon the Law of the Republic of Armenia on “Citizenship of the Republic of Armenia” and Governmental Decision N 1390-N … If you have further questions about Citizenship Program Armenia or any other concerns, please contact us. Given the novelty of that formal employment permits, prospective foreign employers should know how to formalize labor relations and remuneration for hired employees. Details are all up in the air. Citizenship by Investment Program - Dominica The Commonwealth of Dominica's second passport is located in the Caribbean and has an economic citizenship program established in 1991. 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). Today the situation has changed – foreigners receive citizenship by investments in Armenia for special services to the state, including for their contribution to the development of the economy. Previously, Armenian legislation did not provide for this type of residence permit – foreign investors could obtain a residence permit and permanent residence only when they reunited with their family, entered into marriage with a resident of Armenia, or after providing substantive evidence of Armenian origin. In fact, non-residents receive a second passport, which provides them rights identical to those of the local nationals, as well as social and political protection. 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. Citizenship Program Vanuatu - Buy European Second Passport. Anonymous June 5, 2020 at 2:54 am. Foreign citizens planning to obtain Armenian citizenship for investments, as well as to attract labor in the form of non-residents to their own enterprises, need to know what penalties the Armenian legislative framework envisages for such actions. Armenia produces and exports diamonds, copper, zinc, gold and lead. Armenian citizenship isn’t worth anything to anyone who wouldn’t already be engaged with Armenia is some way that can get them citizenship. © 2021 OP GROUP INC. Offshore Pro Group. 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). Foreign applicants have to be thoroughly vetted before being granted Armenian citizenship in return for their investments. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2021 - EB5 BRICS https://en.liberated.blog › armenian-citizenship-by-investment Many people dream of a move to Aruba. Citizenship by investment in Armenia by creating employment: special professions. Aside from that, the introduction of dual citizenship in Armenia will encourage investments. In 2019, the state was included in the list of top countries that provide beneficial, quick, and which is most important – completely legal citizenship by investment in the country’s economy. Citizenship for Investment in Armenia: Visas overview. To be eligible for this investment option, applicants must meet the following criteria: Make an investment of US$900,000. Invest in real estate with a minimum investment of 280.000€. Armenian government officials have to balance the benefits of the investment for citizenship program with its drawbacks. Citizenship by investment programmes offers the opportunity to legally acquire a new nationality in return for an investment in the economy of the host country. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so without requiring investors to put their lives on hold. Application data for Turkey’s citizenship by investment program, as reported by the government, defy belief; nearly 25,000 new citizens in 17 months. United Kingdom of Great Britain and, Citizenship for investment in Armenia: what happens in case of violations. Any person 18 years or older can apply for Armenian citizenship. Level Immigration is an emerging leader in provision of citizenship and residency by investment professional consultancy services. In this case, the maximum period for obtaining a residence permit will be approximately 3-4 months; after a five-year permanent (at least 180 days a year) residence in Armenia, a foreign investor is entitled to apply for an Armenian passport. The second passport program gives citizenship options available through a real estate purchase or a cash donation. Investment programmes require a financial contribution from as low as USD 100,000 to as much as USD 2.5 million. Is able to communicate in Armenian language Armenia's immigration-friendly laws make it possible to invest in safe assets, such as vacation property, to acquire short-term or long-term residence status. Arton Capital, which worked up the numbers for Armenia, specializes in citizenship-by-investment programs, commonly called Golden Visas. Pin. Top Stories; World; Entertainment; Politics; Technology; Business; Sports; Armenia; Contact Us; Home Tags Citizenship-by-investment. We provide a professional and time-efficient service from A to Z, including applications, due diligence and facilitating you in making the finest investment decisions. So far, it is too early to determine if … Please note our website remains a guide. General requirements are: legal residence in Armenia for the last 3 years, good knowledge of Armenian… Whereas with citizenship by investment, the timeline is written out in black and white and is normally 4-6 months, the citizenship by descent processing times tend to vary wildly. Our global network of immigration experts and lawyers can get you the help you need. Investment in a Regional Center. Dual Citizenship Armenian citizenship in a simplified manner can be granted through naturalisation for a person with an Armenian origin or with an Armenian predecessor. specialists or other persons arriving on the basis of international treaties of the Republic of Armenia; teachers of foreign educational institutions who are invited to give lectures in educational institutions of the Republic of Armenia; accredited representatives of foreign media. Armenian citizenship Citizenship; Country Info; Visa Free Travel; We can help you with immigration to Armenia. 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. All non-residents with an official work permit and an Armenian residence permit enjoy the same rights and are bound by the same obligations as in case with residents. development fund. Minimum Investment. Armenia would become a rock-bottom option in the Eastern European region, maybe in the world, for citizenship through investment. Citizenship of the Republic of Armenia may also be granted to those who render exclusive service to the Republic of Armenia. At this point, you might be wondering, “why would I want Armenian citizenship?” A lot of people tend to think of former Soviet countries like Armenia as these dark, dismal places that are far behind the rest of Europe in terms of development. It also offers citizenship by investment. Aside from that, the introduction of dual citizenship in Armenia will encourage investments. Citizenship by Investment Immigration by Investment and Tax Residency Incorporate your Company International Bank Account Options Strategic Internationalization. Offshore Pro Group is not a bank, financial institution or payment card issuer. Australia. Nomad Capitalist's Andrew Henderson on rumored Armenian Citizenship by Investment Program : armenia Apparently RA citizenship will be sold in return for an outright donation of USD 50,000, or investment of USD 100,000. Search . In fact that there is currently no citizenship program for this country, we would like to draw your attention to our new Vanuatu Citizenship by Investment Program. To this category belong: The process of obtaining a work permit in Armenia can last about 30-40 business days from the date of application. prove the existence of close relatives (parent, spouse, brother, sister, child, etc.) Regional centres are investment opportunities that have been pre-approved by the U.S. Share. Eventually if permanent residency is undertaken by the investor and their family then citizenship of the country can usually be applied for. Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country. There are three other ways to qualify for a second citizenship. Dual citizenship is allowed in Armenia, so Georgian citizens do not have to renounce their current citizenship in order to acquire Armenian citizenship. Its many imposing castles are juxtaposed against the backdrop of scenic rural beauty that brings alive the true meaning of the countryside, while at the same time providing all the conveniences one can expect from modern developed society. However, after spending plenty of time in Yerevan, I can certainly tell you that isn’t the case here. Wealthy people in countries like China will pay for citizenship in first world countries like Australia. Armenian government officials have to balance the benefits of the investment for citizenship program with its drawbacks. 21. Here is the list of countries with which Armenia has a visa-free regime according to bilateral and multilateral agreements as of 2020: Additionally, below is the list of countries whose citizens with all types of passports are unilaterally exempt from the requirement to obtain a visa to enter the Republic of Armenia. Tag: citizenship-by-investment. ENTRY CRITERIA €100,000 donation. Has permanently resided in Armenia for the last three years 2. Arton Capital recommends that Armenia require the small amount of $50,000 as a minimum investment for a foreigner to become a citizen. Citizenship by investments in Armenia begins with obtaining a residence permit, after which all foreign persons are required to register in the passport and visa department of the RA Police. Cambodia is missing. Employers of the Republic of Armenia have the right to conclude an employment contract with a foreign worker (a service contract or a temporary contract for a fixed period) if the authorized body has issued a work permit to a specific non-resident. All residence permits, without exception, can be extended up to 10 years. Armenia nationals - Portugal Residency Visa for Armenian citizens to allow business investors to move to Portugal and pursue permanent residence permit and citizenship. Aruba visas, residency and citizenship . Yerevan is a bustling and developed city with plenty of pockets of wealth, and it’s a great place to go if you’re looking for a high standard … Armenian visas are issued for a maximum of 120 days with the possibility of extension for another 60 days, unless otherwise specified by international treaties of the Republic of Armenia. If you are interested in the opportunity to obtain Armenian citizenship by investment, please contact our lawyers by e-mail info@offshore-pro.info. 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. Suite #203, Green Corner Building, Riqqa Road, Dubai, UAE ; Sat - Fri 9.00 - 21.00 +971 4 228 0422 ; Suite #3601, HDS Business Center, Cluster M, Near Movenpick Hotel, Citizenship by investments in Armenia for non-resident with his own business in Armenia. Citizenship. In this case, the level of sustainability is considered sufficient if the foreign investor possesses adequate funds to cover the costs of own living and that of family members who are under guardianship or are the dependents of the foreign investor. Criminal record certificate. Spread the word! June 23 rd 2016 European Countries – Real Estate Golden Visas. ... grandchildren) of an Armenian citizen or of a foreign citizen holding a Special Passport of Armenia, has adequate means of accommodation or property in Armenia and also has legally lived in Armenia for 3 years before applying for a Permanent Resident Card, tucanoprod January 4, 2020 at 2:23 pm. Your guide to living in Aruba. Terms of acquiring or terminating Armenian citizenship are settled upon the Law of the Republic of Armenia on “Citizenship of the Republic of Armenia” and Governmental Decision N 1390-N (23 November, 2007). Sponsored Feature . Under Armenian law a child born to an Armenian father or mother can easily acquire Armenian citizenship, irrespective of the place of birth or residence. Citizenship by investments in Armenia for non-resident with his own business in Armenia. 7. 21. Documentation procedures are formalized by the Ministry of Labor and Social Affairs. Citizenship and Immigration Services. Citizenship Investment (you can choose between A and B) A) Government Bonds Refundable (after 5 years): €500,000 for citizenship in 5 years, doubled for Fast-Track option (2 years). It is one thing to make investments in Armenia out of a feeling of moral obligation toward the homeland. Press J to jump to the feed. 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. With a low-risk investment you can become an owner of a beautiful vacation property and get a temporary residence permit. The process of applying for Armenian citizenship through ancestry is straightforward. Permanent Residency “Special residency status” issued to distinguished foreigners engaged in economic and cultural activities in Armenia. directors or authorized representatives of commercial organizations with foreign capital; employees of commercial organizations of a foreign state. Thank you, it is very interesting, I add the “Business/Ordinary Visa (E)” Badi Badiozamani July 7, 2020 at 5:12 pm. Subject to T&C - No Spam - Unsubscribe any time. Investor visa and citizenship by investment programme news. B) Financing Non-refundable: €180,000 for citizenship in 5 years, €100,000 for Fast-Track option (2 years). If Armenia ever offers a Golden Visa program, the recommended price for citizenship could be as low as $50,000, according to a report prepared by a leader in the global immigration and investment services industry. foreign specialists arriving in Armenia for a period of not more than six months in order to train employees to use equipment; technicians and engineers training personnel to install, repair, operate machinery and equipment; employees of logistics companies and freight forwarding companies supplying machinery, machine tools and other equipment to a branch of a foreign company, or to a legal entity created by a non-resident in the Republic of Armenia; students performing work as part of exchange programs or during the holidays, based on relevant agreements. Related Programs . Grenada’s citizenship by investment and second passport program is the only program in the Caribbean that allows Visa Free access to China. Am 12.10.2020 sind Änderungen zum Staatsangehörigkeitsrecht in Kraft getreten. Tweet. Zypern stoppt zum 1.11.2020 das „Citizenship by Investment“-Programm, nach dem bei Nachweis von Investitionen in Höhe von mindestens 2,5 Millionen Euro die Staatsangehörigkeit erworben werden konnte. That is, a foreign investor doing business in Armenia is entitled to attract only foreign personnel (non-residents) should there be no suitable candidates of local resident candidates in the labor market (this is separately agreed separately in the regulatory authorities of the Republic of Armenia). Knows the Armenian Constitution 3. Annual quotas for various permits for official employment are not provided at this stage here. A second passport is also legalized in Georgia, and the applicant can have two passports at once – Armenian and Georgian, and use any of the documents convenient for traveling. IMPORTANT LEGAL NOTICE: Offshore Pro Group offers a professional service for international individuals and companies which includes analyzing your banking needs, recommending the best international banks and card issuers for you, and helping you complete the application and account opening process. Every Armenian citizen, including a foreigner, who has received a second passport of the Republic of Armenia, has the right to submit documents for obtaining a residence permit for family members: The status of a permanent resident is granted to a foreigner if they: The status of a permanent resident can also be granted to a foreigner of Armenian origin or to a foreigner carrying out entrepreneurial activities in the Republic of Armenia. Citizenship for investments in Armenia is available to business visitors of the country who, in accordance with the legislation and regulatory acts of the state, can: In addition, Armenian legislation provides special categories of business visitors that are allowed to get started on job or provide services for a temporary period without the need for a permit. Armenia is a small Christian country (it was the first country in the world to adopt Christianity as its official religion) which lies high in the mountains of Ararat, mostly surrounded by Muslim neighbours (between 1 million to 1.5 million of the Armenian population of Turkey was killed in the Armenian genocide of 1915-17). A child born in Armenia acquires the citizenship of Armenia if: the parents hold Armenian citizenship at the moment of the child's birth regardless of the place of the birth; one parent holds Armenian citizenship at the moment of the child's birth, whilst the … 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. 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. We’ll look at some of the visas and residency permits that let you live and work on the island. Armenian government officials have to balance the benefits of the investment for citizenship program with its drawbacks. Several such programmes currently exist in Europe for real estate. Investment projects. lack of requirements for mandatory knowledge of the Armenian language by employees of the enterprise; control by the employer of compliance with immigration rules by company personnel; lack of requirements to train or improve the skills of local employees (the legislation of Armenia does not determine any state fees and charges); lack of regular checks by the immigration authorities for compliance with the immigration rules by the foreign investor-employer; Armenian employees and business owners are not required to have health insurance upon employment (with the exception of some licensed activities that require a medical examination and the provision of a health record). If an employee of a foreign company extends a residence permit, a new labor market test is not required. Arton Capital recommends that Armenia require the small amount of $50,000 as a minimum investment for a foreigner to become a citizen. Armenian American Reporter. Update on Armenian-American Candidates in US Elections Learn how ANYONE can get a Second Passport & Citizenship. Registration of a residence permit lasts approximately 30 business days. Citizenship; Investment Visas; Expat Stories; Moving To ARUBA; Helpful Resources; Love this article? Visit:http://www.citizenshipquickly.comThe advantages and disadvantages of getting citizenship in Armenia. World. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. The legislation of the Republic of Armenia clearly defines the categories of immigrants under which employees are permitted to obtain work permits on the basis of investments or through establishment of a subsidiary or corporate presence in Armenian jurisdiction. 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