Major Investors Could Get Residency More Easily (3)
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.