Temporary Residence Permit - Bank Deposit

The Temporary Residence Permit based on a bank deposit is governed by Article 45.1.3-1 of the Migration Code of the Republic of Azerbaijan. This legal framework was introduced to attract foreign capital into the national banking system, providing a secure and regulated route for residency. By requiring funds to be held in a fixed-term deposit, the law ensures that the applicant contributes to the liquidity and stability of Azerbaijani financial institutions, filling a specific niche for those who prefer passive financial investment over active business management.

This permit is designed for high-net-worth individuals or investors who prefer to hold their assets in liquid form within the country. To qualify, an applicant must maintain a minimum of 100,000 AZN in a fixed-term deposit account at a bank operating in Azerbaijan. The key distinction of this visa is its focus on financial stability and liquidity; it is ideal for applicants who want to maintain residency while keeping their capital accessible or earning interest, provided they adhere to the strict requirement of maintaining the deposit throughout the residency period.