Foreign nationals, who will have significant contributions to Armenia’s economy, science, education, culture, health and sports fields, can get a citizenship of Armenia.
The respective draft decision has been put into circulation by the government.
According to the draft, foreign citizens, who provide at least 150,000 US dollars to a foundation created for operating in education or science sector in order to replenish its inviolable capital, invest 150,000 USD in the charter capital of a commercial organization (acquisition of a share) for a period of at least 10 years, acquire government bonds in the amount of at least 150,000 USD for a period of at least 7 years, purchase real estate in the amount of at least 150,000 USD for a minimum period of 10 years, with a cadastral cost approximated to the market cost of real estate, can get an Armenian citizenship.
The draft also says that foreign citizens, who invest at least 150,000 USD in any investment fund (approved by the government) for a period of at least 10 years, found a high-tech and (or) IT company in Armenia with capitalization equal to 1 million USD or more, with a condition that the center of vital interests of the founder is in Armenia, can also get Armenian citizenship.
