Bangladesh doubles investment ceiling for foreigners seeking citizenship

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Dhaka, Mar. 21 (ANI): Bangladesh has said the foreigners, who want to avail citizenship here, will have to invest a total of US$1 million or transfer a total amount of $2 million from their country.

The latest move was taken in a regular Cabinet meeting chaired by Prime Minister Sheikh Hasina.

Bangladesh Cabinet Secretary Mohammad Shafiul Alam informed that foreign entrepreneurs would have to invest $2 lakh instead of $75,000 to avail temporary residence in Bangladesh, reports the Daily Star.

Earlier, foreigners had to invest $5 lakh and transfer of $1 million. (ANI)

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