The Iranian government has approved a regulation according to which foreign nationals receive a five-year residence permit with an investment of 250,000 euros.
According to today’s decision of the Iranian Cabinet, citizens of foreign countries can receive a five-year residence permit in Iran with a 250,000-euro investment.
At the suggestion of the Ministry of Economic Affairs and Finance, and in order to encourage investment and attract foreign financial (foreign exchange) resources, the Cabinet of Ministers of Iran approved the regulations for granting fifty-year residence permits to foreign nationals.
According to this regulation, the minimum amount required to issue an investment residence permit for citizens of foreign governments recognized by Iran is equal to 250,000 Euros or the equivalent in other currencies accepted by the Central Bank of this country.
Foreign nationals can also receive a five-year temporary residence permit in Iran by depositing this amount in Iranian banks, investing in bonds and housing.
The Iranian government has approved a plan to grant temporary residency to foreign nationals on the condition of an investment of 250,000 euros. In recent years, the issue of Iranians investing in temporary residency or citizenship in other countries, including Iran’s neighbors, has been a hot topic. By approving the plan, the Iranian government appears to be trying to make up for some of its lack of foreign exchange resources due to the escalation of unilateral US sanctions and a sharp drop in oil sales.