Don’t miss the latest developments in business and finance.

Bangladesh doubles investment ceiling for foreigners seeking citizenship

Image
ANI Dhaka
Last Updated : Mar 21 2016 | 6:13 PM IST

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.

More From This Section

First Published: Mar 21 2016 | 6:05 PM IST

Next Story