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Home International Customs

Bangladesh doubles investment ceiling for foreigners seeking citizenship

byCT Report
21/03/2016
in International Customs
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DHAKA: Bangladesh has said the foreigners, who want to avail citizenship here, will have to invest a total of US$1 million or transfer a total amount of $2 million from their country. The latest move was taken in a regular Cabinet meeting chaired by Prime Minister Sheikh Hasina.

Bangladesh Cabinet Secretary Mohammad Shafiul Alam informed that foreign entrepreneurs would have to invest $2 lakh instead of $75,000 to avail temporary residence in Bangladesh, reports the Daily Star. Earlier, foreigners had to invest $5 lakh and transfer of $1 million.

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