Residence permits for foreign investors in Russia

Residence permits for foreign investors in Russia

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.

Rinat Zaynutdinov

Partner | TPG-Legal