No applications for getting Moldovan citizenship through investments to be received till 1 September 2020

Chisinau, 28 February /MOLDPRES/ - No applications for getting Moldova’s citizenship through investments will be received till 1 September 2020. The parliament today established a moratorium on the reception of new applications for getting citizenship through investments.  

In parliament’s plenum, the state secretary at the Economics and Infrastructure Ministry, Iuliana Dragalin, said that the government asked for the extension of the moratorium, in order to improve the law, “which brings benefits to the state.” The government’s representative also said that, on the period of the moratorium, the costs of the project are to be assessed too. “We want to attract investments, which will contribute to the country’s development and opening of new jobs. Yet, we want to give assurances to the worried people that the risks are minor for the country’s security,” Dragalin said.    

The official specified that the present version of the law provided for the classification of the names of those who had already got Moldova’s citizenship  through investments. And this because the dual citizenship is banned in some states. Dragalin noted that this article of the law would be analyzed during the months of the moratorium, which, in fact, “does not run counter the good practices.”    

The first moratorium on the law on getting the Moldovan citizenship through investments was set on 31 July 2019 for a four-month period. Subsequently, it was prolonged by another two months. The law allows foreigners to get Moldova’s citizenship against a sum of 100,000 euros or an investment in the economy worth 250,000 euros.   

Statistics shows that eight people have received Moldova’s citizenship since the law’s entering into force.