Foreigners to be able to obtain temporary residence permit in Azerbaijan

Foreigners and stateless persons will be able to obtain a temporary residence permit in Azerbaijan provided they own government securities worth 100,000 manats ($58,823)

According to Report, the draft amendments to the Migration Code were discussed in the first reading at today's session of the Parliament.

According to the amendment, a temporary residence permit will be granted to foreigners if they have government securities with a nominal value of at least 100,000 manats or securities of legal entities owned by the state by 51% or more.

After discussions, the draft amendments were adopted in the first reading.