The Interior Ministry wants to make it easier for large investors to get an Estonian residency permit.
Currently, foreigners who invest 65,000 euros into a business - at least 16,000 euros in the case of self-employed and sole proprietors - are eligible for a residency permit for business purposes. There's quite a bit of red tape and scrutiny, however.
Most investors limit their investments to around that amount - 90 percent of foreigners seeking a residence permit on the basis of money invested have placed under 100,000 euros into the economy.
Officials want to increase the share of those investing more than a million euros.
Under a bill drafted by the ministry, background checks would remain tough but the other requirements would become more flexible.