RESIDENCY PROGRAM OVERVIEW
As of January 15th 2023 Russia has joined the club of countries that offer foreign investors a Residency Through Investment Program.
Under the proposed regime of investment foreign investors will have the following benefits:
● No requirement to reside in Russia for the investor or family members
● Possibility to reside in any region of Russia and work without work permit
● Eligibility to apply for citizenship after 5 years as a legal resident
● Processing time – 4 months after submission of the application
● Possibility to reside in any region of Russia and work without work permit
● Eligibility to apply for citizenship after 5 years as a legal resident
● Processing time – 4 months after submission of the application
Russia is well placed to draw high-quality investors looking to relocate from any part of the World.
Importantly, it is an industrialized country and the sole European power whose economic cycle is synchronized with Asian economic growth, rather than with Western economic contraction.
Importantly, it is an industrialized country and the sole European power whose economic cycle is synchronized with Asian economic growth, rather than with Western economic contraction.
IMPORTANT ADVANTAGES OF RUSSIA:
Availability of world class medical care
Lower inner city crime rates relative to Western cities
Solid institutions and stable government with high domestic approval ratings
World's largest exporter of energy and wheat
Self-sufficiency in energy and food
Trade surplus and low government debt (ca 14% debt to GDP)
Financial stability
A qualified, well educated labor force and cheap, abundant land and natural resources
Resources
Flat income tax of 13%, no inheritance tax, no wealth tax, highly preferential corporate tax frameworks
Attractive tax system
● Foreign investor will skip the necessity of obtaining a quota for temporary residency and obtaining temporary residency itself, but will instead directly apply and obtain permanent residency
● Obtaining a lifelong residency for the investor and their family members – spouse, children, parents, spouse's parents, grandparents, and grandchildren
investment criteria
There are currently 4 proposed investments that would qualify foreign national and his/her family member for a residency in Russia.
Investment into socially significant projects in the Russian regions
Business creation
Investment in existing business in Russia
Investment in real estate in Russia
If you have any questions,
fill out the application and our specialists will contact you
INVESTMENT INTO SOCIALLY SIGNIFICANT PROJECT
- Investment of 15 million rubles (~250.000USD) into socially significant projects in the Russian regions
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BUSINESS CREATION
The foreign national must create a company in Russia. The foreign national should be the sole owner of the company. The qualifying requirement is the amount of taxes paid by such company. Taxes paid should be not less than 4 million rubles (~65.000USD) annually. The foreign investor is eligible to apply for residency after 2 years of company registration.
The foreign investor is eligible to apply for residency after 1 year of company registration.
Foreign investors that already have a business in Russia and their company meets the tax payment requirement can also benefit from the new program.
The foreign investor is eligible to apply for residency after 1 year of company registration.
Foreign investors that already have a business in Russia and their company meets the tax payment requirement can also benefit from the new program.
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INVESTMENT IN EXISTING BUSINESS IN RUSSIA
Investment of 30 million rubles (~500.000USD) into a Russian company which is at least 3 years old, and has paid taxes for the last year of not less than 6 million rubles (~100.000USD).
For this option the foreign investor can invest into publicly traded shares of Russian companies or in private Russian companies.
Buying shares on the stock exchange is the simpler option as less due diligence is required, and future resale is easier. The foreign investor would need to seek standard professional investment advice with regards to potential profits from dividends payable by the company and potential profit from future sale of the shares.
Investment into a private company requires a more thorough due-diligence process before making an investment and the signing with the seller party of a proper share-purchase agreement including an exit strategy.
For this option the foreign investor can invest into publicly traded shares of Russian companies or in private Russian companies.
Buying shares on the stock exchange is the simpler option as less due diligence is required, and future resale is easier. The foreign investor would need to seek standard professional investment advice with regards to potential profits from dividends payable by the company and potential profit from future sale of the shares.
Investment into a private company requires a more thorough due-diligence process before making an investment and the signing with the seller party of a proper share-purchase agreement including an exit strategy.
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INVESTMENT IN REAL ESTATE IN RUSSIA
Foreign national invests into a currently being build piece of real estate (residential or commercial). Or purchases real estate that has been built within last 2 years.
The foreign national will be eligible to apply for residency after 1 year of such purchase.
The required amount of investment varies by region and the cadastral value of the real estate should be not less than:
Foreign investors that already have invested and own real estate before January 15th 2023, can also benefit from the new program, provided that they have already owned it for at least 1 year and the price of the real estate meets or exceeds the program requirements.
The foreign national will be eligible to apply for residency after 1 year of such purchase.
The required amount of investment varies by region and the cadastral value of the real estate should be not less than:
- Moscow is 50 million rubles (~830.000USD)
- Crimea and the Far East region is 20 million rubles (~335.000USD)
- Other Russian regions is 25 million (~415.000USD)
Foreign investors that already have invested and own real estate before January 15th 2023, can also benefit from the new program, provided that they have already owned it for at least 1 year and the price of the real estate meets or exceeds the program requirements.
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