An amendment facilitating investments by foreign entrepreneurs from non-EU countries was tabled in parliament on Tuesday.
The amendment is attached to the foreign ministry's draft law entitled "Regulations for the UK's withdrawal from the European Union" and introduces a new type of entry visa, the Airport Transit Visa (ATV).
A report by the General Accounting Office on the amendment said that it also establishes a "Business Invitation" form for extending an invitation to a third-country national with the assumption of responsibility and provision of accommodation for the purposes of granting a Schengen visa.
This will be used as a supporting document for examining requests for a business or professional visa, in the case that interested third country citizens are not able to certify the specific requirements by themselves.
The amendment also foresees penalties – fines and imprisonment – for persons that invite a foreign national using a "Business Invitation" with aim of violating migration law and the provisions of Schengen.