Business Standard

Thursday, January 09, 2025 | 02:14 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Bangladesh doubles investment ceiling for foreigners seeking citizenship

Image

ANI 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.

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News