Russia Developing An Analogue Of "Golden Visas"
/The Ministry of Economic Development of the Russian Federation has offered to issue a residence permit to foreigners in exchange for investment. In order to obtain a residence permit in a simplified manner, an investor must fulfill one of the following conditions:
Own a Russian company by investing at least 15 million rubles in its capital. You can also own a foreign organization, but then you need to make an investment of 50 million. The company must work for at least three years.
Invest 15 million rubles in a Russian business (not necessarily becoming its shareholder). The company, however, must also exist for at least three years, pay at least 6 million rubles in taxes and employ at least 25 people.
Open an individual entrepreneur, having invested 10 million in the business and hiring 10 Russians.
Own Russian government bonds or real estate worth 30 million rubles for three years before applying for a residence permit.
Such measures will contribute to "accelerated technological renewal and development of the Russian economy and the creation of high-performance jobs with decent wages," the document says," writes Izvestiya.
What will a residence permit give to a foreigner?
First, a policy of compulsory medical insurance (CMI) and the opportunity to use all social services available to citizens of the Russian Federation.
Secondly, the tax base is identical to the Russians.
Thirdly, the residence permit allows you to enter any country with which the Russian Federation has a visa-free regime.
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