The Government of Armenia has tasked the State Migration Service with reviewing the various immigrant investment and entrepreneurship programs that exist within the EU and elsewhere and to prepare a legislative proposal to introduce a similar scheme in Armenia. ICMPD in Armenia, within the framework of the EU-funded MIBMA project, invited an expert group from the Arton Capital company to carry out an extensive research in order to identify current programs and shape and design the best suitable program for Armenia.
The main objectives of the program are to outline different mechanisms for providing residency or citizenship and to inventorize the foreseen impact of these mechanisms on the level of investments and the wider economy of Armenia. The outcome of the research should be the design of a model most suitable for Armenia’s needs and context.
From the 29th to the 31st of May, the expert group of Arton Capital arrived to Armenia with the aim to present international good practices on the introduction of investment-for-residence schemes and outline the basics of a possible scheme in Armenia. The mission included an introductory workshop on residence-for-investments schemes in Armenia and a number of meetings with relevant stakeholders and interested parties, such as the Ministry of Economic Development and Investments, Ministry of Foreign Affairs, Central Bank of Armenia, RA Police and Centre for Strategic Initiatives.