Section 1E: Investor Initial investment of USD 100,000
This section is inserted by Act No 10 of 2017, section 29.
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
1E. Investor Initial investment of USD 100,000
or its equivalent in freely
convertible foreign currency, of
which –
(a) a minimum transfer of at least
USD 25,000 shall be made; and
232 Acts 2017
(b) the equivalent of the remaining
value in high technology
machines and equipment,
subject to such criteria as the
Managing Director may
determine
Ask juris about this section Official source
Questions this section answers
- What minimum investment does an investor need to qualify for a residence permit as an 'Investor'?