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Residence permits for investment activity are granted to nonEU/EEA citizens

a) Investment activity

There are no restrictions regarding the sector of activity or the location of the investment project. The requirement that must be met by the investment is to have positive impact on national development and the economy. Investment activity may be implemented through the construction of new facilities (greenfield investments) or business acquisitions, restructuring or expansion of current activities (brownfield investments). Factors taken into account for assessing the impact on national development and the economy are job creation, promotion of domestic resources and vertical integration of domestic production, export orientation, innovation and adoption of new technology.

b) Investment cost

The legal framework does not set specific limits regarding the total cost of the investment project. However an investor applying for a residence permit under this program should contribute to the investment with an amount of at least €250,000, available through own funds. In addition, the number of permits for executives allowed for each investment project depends on the amount of the total investor contribution. Finally, the total number of residence permits allowed for an investment project cannot exceed 10 (for investors and executives). The number of the residence permits over €300,000 starts with 1 goes up to 10 for over €40,000,000.

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