Russian Prime Minister Mikhail Mishustin approved the new criteria that foreign investors must meet in order to obtain the permanent residence permit in Russia:
To obtain the residence permit, a foreign investor must meet one of the following criteria:
- Invest RUB 15,000,000 in socially significant projects in Russian regions over the past 3 years;
- Invest RUB 30,000,000 in a Russian company that has been operating for 3 years;
- Register a business partnership, LLC, JSC with a single founder, a peasant (farm) economy or business partnership in Russia. This company must conduct business activities over the past 2 years and send insurance premiums to state extra-budgetary funds. The foreign citizen must be the only member of the JSC or LLC.
- Buy real estate in Russia for any purpose at the construction stage or within 2 years after commissioning. The total cadastral value of objects owned by a foreigner must be RUB 50,000,000 in Moscow, 20,000,000 in the territories of the Far Eastern Federal District and 25,000,000 in other districts.
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