ARMENIANS INVEST IN GREAT BRITAIN FOR CITIZENSHIP

Story from Lragir.am News:

Published: 10:40:39 – 15/02/2012

The Haykakan Zhamanak Daily reported that the number of foreign
millionaires who receive citizenship in exchange for an investment
of at least one million pounds in Great Britain has increased in the
past 8 years.

According to the British Telegraph, 320 millionaires have arrived in
Great Britain since 2008. 30% of these people are citizens of Armenia,
Azerbaijan, Ukraine and Kazakhstan. People, through an investment of
at least one million pounds, are granted the right to residence for
5 years and citizenship in two years. Those who invest 10 million
pounds are granted citizenship 2 years after the investment.