OK, let me introduce Azerbaijan's investor visa program, which gives you a Temporal and Permanent Residence Permit based upon your bank deposit or property investment, etc. Requirements for obtaining (I) Temporally Residence Permit are above (i)-(iv). Residence permit of your dependent and children are attached. You can also work in Azerbaijan, if you apply Work Permit separately.
This page mainly focuses on case (i) Bank deposit of AZN100,000 (USD59,000), as it is the fastest and easiest way. (procedure is almost same in case of (ii)-(iv).) You have to keep AZN100,000 (USD59,000) deposited on your bank accounts in Azerbaijan, at least at the timing of Temporary Residence Permit application / extension. Not only AZN, but also foreign currency accounts are accepted (eg. USD, EUR). (ii) Property ownership of AZN100,000 (USD59,000) is an another option to obtain Temporary Residence Permit. Baku is under housing bubble. Everybody believes property price rises forever and rushes into investment in apartment by mortgage loan. You can see so many new apartment projects anywhere in Baku, despite some of them face difficulty to find tenants. If you want to ride on the wave of Baku housing bubble, where property price rises by 2-4% every month, (ii) is an interesting option. However, be careful for currency risk. AZN was depreciated more than 100% for the past 3 years. (iii) Any investment of AZN500,000 (USD294,000) also grants Temporary Residence Permit under more favorable conditions. Not an investor visa, but (iv) business establishment grants Temporary Residence Permit as well. In general, corporate registration and tax administration are quite fast and easy in Azerbaijan. For more detail, please have a look at Starting Business section. (https://moving2azerbaijan.weebly.com/entrepreneur-visa) Let's move to (II) Permanent Residence Permit, which is granted based upon 2 years residency by Temporary Residence Permit and keeping the conditions of the application (bank deposit, property ownership, head of company, etc.). You will also have an Azerbaijan language test. This Permanent Residence Permit has 5 years validity period and has to be extended every 5 years. For more detail, please have a look at Migration Code. Article 45. Cases when permit for temporary residence in the territory of the Republic of Azerbaijan is issued to foreigners and stateless persons 45.0. Except the cases set forth in Article 50 of this Code, foreigners and stateless persons are issued permit for temporary residence in the Republic of Azerbaijan in the following cases: 45.0.1. In case they are in close relationship with a citizen of the Republic of Azerbaijan; 45.0.2. In case they invest at least 500 000 manats in the economy of the country; 45.0.3. In case they possess real estate which is worth at least 100 000 manats on the territory of the Republic of Azerbaijan or funds in the same amount in the banks of the Republic of Azerbaijan; 45.0.4. In case they are highly qualified specialists in the spheres of economy, industry, defense, science, culture, sports, etc; 45.0.5. In case they are family members of foreigners and stateless persons temporarily or permanently residing on the territory of the Republic of Azerbaijan; 45.0.6. In case they hold positions of head or deputy head in the branch or representation of a foreign juridical person in the Republic of Azerbaijan; 45.0.7. In case they engage in entrepreneurship activity in the Republic of Azerbaijan; 45.0.8. In case they obtain work permit in a way envisaged by this Code to carry out paid labor activity on the territory of the Republic of Azerbaijan; 45.0.9. In case they get full-time education at institutions of higher education and technical schools and in case they get education at secondary schools in the Republic of Azerbaijan; 45.0.10. In case they are engaged in professional religious activity at officially registered religious institutions; 45.0.11. In case there are grounds envisaged by the international agreements of the Republic of Azerbaijan. NOTE: The case set forth in Article 45.0.7 of this Code is only considered as a ground for issuance of a permit for temporary residence in the territory of the Republic of Azerbaijan, when those persons work actually by concluding labor contract with at least 5 persons on full time employment or 10 persons on part-time employment. In this case, at least 80 percent of the workers are required to be the citizens of the Republic of Azerbaijan. Article 52. Permit for permanent residence in the territory of the Republic of Azerbaijan issued to foreigners and stateless persons and the document certifying it 52.1. Foreigners and stateless persons temporarily residing at least 2 years on the territory of the Republic of Azerbaijan on the grounds set forth in Articles 45.0.1-45.0.7 of this Code on the basis of a relevant permit can submit application to obtain permit for permanent residence on the territory of the Republic of Azerbaijan. 52.2. Permit for permanent residence on the territory of the Republic of Azerbaijan is issued to foreigners and stateless persons by the relevant executive authority. 52.3. When foreigners and stateless persons are given a permit for permanent residence on the territory of the Republic of Azerbaijan, those persons are provided with permission card for permanent residence on the territory of the Republic of Azerbaijan. 52.4. Permission card for permanent residence on the territory of the Republic of Azerbaijan is a document authorizing foreigners and stateless persons to reside on the territory of the Republic of Azerbaijan permanently and exit from the Republic of Azerbaijan and return back under visafree regime within its validity period, and certifying identity and registration of those persons upon place of residence in the territory of the country. 52.5. Description, specification and sample of the permission card for permanent residence are approved by the relevant executive authority.
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