Tuesday, 18th September 2018
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SERVICES » PERMANENT RESIDENCE STATUS

Loss of Permanent Residence Status

The Permanent Resident Status may be withdrawn where:

    (a) any person has willfully made any false statement or misled or attempted to mislead the immigration officer with respect to an application for a Permanent Resident Permit;

    (b) within a period of 5 years of becoming a permanent resident, any person ceases his business activities or reduces the sum invested to an amount less than US$500,000 (or equivalent amount);

    (c) the investor has been declared bankrupt;

    (d) the person holding a Permanent Resident Status has been convicted of a criminal offence carrying a term of imprisonment of not less than 12 months.
 
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