BAKU, Azerbaijan, April 5. The amount of deposit for foreign investors, who want to obtain the right of temporary residence in Iran has been reduced from about 227,634 euros to 90,000 euros under the decision of the Cabinet of Iran, an official of the Organization for Investment, Economic and Technical Assistance of Iran Abolfazl Koudei said, Trend reports citing the organization’s website.
According to the decision, the residence period of foreign investors in Iran has been increased from 3 years to 5 years, the official said.
Koudei also added that the investors and their families including children under the age of 18, and foster parents will be able to take advantage of the opportunity under the decision.
“The aim is to attract foreign investment to the country, taking into account the existing rivalry in this area between the countries of the region, especially neighboring countries,” he noted.
The official emphasized that the decision was approved at the suggestion of the Ministry of Economic Affairs and Finance of Iran.
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