Foreigners can obtain Ukrainian citizenship by investing at least USD 100,000 in Ukraine

Other News Materials 5 March 2007 14:41 (UTC +04:00)

( ForUm ) - According to the Interior Affairs Ministry's State Department for Citizenship, Immigration, and Registration, 7-8 foreign investors are granted permanent residence in Ukraine every year, "Cabinet press office" reported.

Under the department's new rules, a foreigner can obtain Ukrainian citizenship by investing USD 100,000 in the Ukrainian economy.

According to the department, Vietnamese, Egyptians, and Indians pay about USD 1 million per year for the right to live in Ukraine.

The numbers of people that were granted the right to live in Ukraine after investing USD 100,000 or more were eight in 2006, eight in 2005, seven in 2004, and two in 2003.

Most of these people are from Vietnam (50%), Egypt, Israel, India, and Iraq.

The processing of the relevant documents for this category of immigrants takes about one week.