Foreigners can get 10-year Kyrgyz visas for investment of $230,000

BISHKEK. Jan 11 (Interfax) - The Kyrgyz parliament has adopted a law under which foreign citizens who invest $230,000 in the country's economy will have the right to receive 10-year visas.

The Kyrgyz parliament considered and passed in the third reading a bill On Changes to the Law of the Kyrgyz Republic On External Migration.

"The bill proposes gradation of invested amounts according to which a foreign citizen or a stateless person has the right to receive a visa for five years for investment worth at least 10 million som ($115,000) and a foreign citizen or a stateless person has the right to receive a visa for ten years for investment worth at least 20 million som ($230,000)," according to a report published on the Kyrgyz parliament website.

According to the press service, the initiators of the bill are Kyrgyz parliamentarians Dastan Bekeshev, Seidbek Atambayev, Janar Akayev, and Elvira Surabaldiyeva.