Iran is one of the countries that provides residency through investment, and the program gets called an Iran investment visa. You can live for five years and apply for citizenship. The country is one of the safest pens in the Middle East, with many natural beauties and wonders.
What is an Iran investment visa?
You can receive Iran residency through an investment visa. If you invest 250.000 US dollars in the country, you receive residency and can work and live in the country.
You may invest in any field you want, and the type of currency doesn’t matter. The Iranian national bank needs to approve the currency, and the rest is fine. The deposit needs to be equivalent to the mentioned requirements US dollars.
As the SWIFT is restricted for Iranians due to US sanctions, transferring money to Iran could be a bit difficult.
People who receive Iran residency have the permission to work or study in the country. They may have access to the public health and education system. You could also receive a driver’s license and leave or enter the country as many times as you want.
According to Global Finance, Iran was the 77th safe country in the world, while Russia stood in the 108th ranking. The country is under sanctions by the US and relies on gas and crude oil as a source of income. However, the economy is growing, and the government is trying to secure a place in the global market.
Can you bring your family under an Iran investment visa?
Yes. the program allows applicants to bring their families to the country:
- Spouse
- Parents
- Single sons under 18 years old
- Single daughters at any age
In case there are more than five of you in a family, you need to pay $50.000 for the sixth member. If the number goes higher, you have to pay $50.000 for each one of them.
Bear in mind that Iran is an Islamic country and doesn’t recognize same-sex partnerships. It is forbidden strictly by Islam, and the authorities behave harshly toward it.
Iran investment visa application process
The way you have to apply for an Iran investment visa might be a bit different by the country you live in. Also, the rules might change as the rules could change by a new prescient and governing system.
However, a general way to apply for an investment visa is as follows:
Step 1. Apply to the Iranian embassy in your home country
The first step is to apply to the Iranian embassy or consulate in your home country. You need to find out the requirements and what you have to prepare.
Bureaucracy is a bit complicated, and people complain about red tape. The embassy informs you of the supporting documents and how to transfer the required amount to Iran as the SWIFT is restricted. The Iranian banks are not connected to the international banking system.
Gather everything the embassy requires and follow their instructions.
Step 2. Wait for processing
When you complete the application, wait until the officials work on it. The Ministry of Foreign Affairs and the Interior Ministry evaluate your application and decide on it.
If everything is fine and your request gets approved, you will receive the residence permit. But you need a visitor visa to enter the country. You can apply for it online through the MFA website of the Ministry of Foreign Affairs.
Can you renounce an Iran residence permit by investment?
Yes. You have permission to renounce your residence permit if you like. You can even get your money back. For instance, you can sell the real estate you have purchased or withdraw the money you have deposited in the bank.
It is possible to renounce your residency at any time.
Can you Get Iranian citizenship?
Yes, you can get Iranian citizenship after five years of living in the country. However, it is a bit unclear whether you can receive the passport or not.
The law might change during your residency. One of the factors is your conditions that determine whether you can get the passport or not.
The point is that the Iranian passport is not very strong, and the global ranking is 101. The visa-free countries for Iran are:
- Turkey
- Iraq
- Georgia
- Armenia
- Venezuela
Iran has been under US sanctions since the 1979 Islamic Revlotouin, and the situation got worse after Iran’s nuclear program. SWIFT and VISA are not available inside the country, and if an EU country deals business with Iran, the US government will seize it
Let’s sum up…
Iran is one of the countries that provide Investment visas to foreign nationals. You can move to the country if you have $250.000.
This article explained who can apply, the requirements, and how to apply for an Iran investment visa.
If you have any questions regarding the Iran investment visa, write them in the comment section. The Visa Library team will respond to them.
- Author
- Max-B.
- May 14, 2022
