The Trade and Investment Promotion Institute (IPIM) said in a statement yesterday that concerning temporary residency for investors and management and technical personnel, it received two new residence applications based on the “major investment” category and 38 new applications based on the “management and technical personnel” category.
Among the cases processed in the first half of this year, including those submitted in previous years, no applications were approved under the category of “major investment” while three applications were disapproved or cancelled. Besides, there were no applications approved under the category of “management and technical personnel” while one application was disapproved or cancelled, according to the statement.
The public institute’s temporary residency programme has been affected by an alleged graft trial, the sentences of which are scheduled to be announced early next month.
