“Golden visas” have determined the price
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The government has determined the requirements for foreigners applying for a residence permit (permit) in Russia in exchange for investment. To do this, you need to invest from 15 million rubles. in socially significant projects of the regions or 30 million rubles in the capital of a Russian legal entity. Other options are registration and at least two years of business ownership with an annual payment of 4 million rubles. taxes or the purchase of real estate with a total cadastral value of 20 million to 50 million rubles. Against the background of the conditions for issuing “golden visas” by other countries, Russian demands do not look attractive.
The White House approved the rules for obtaining “golden visas” – the issuance of a simplified procedure for a residence permit (permit) in Russia in exchange for investments. Starting January 11, investors will be able to obtain a residence permit, which allows them to freely enter the Russian Federation and conduct business in any region without obtaining a temporary residence permit (TRP). Now such a procedure is available, for example, for IT specialists, as well as for citizens of Kazakhstan, Moldova and Ukraine.
According to a government decree, foreigners can obtain a “golden visa” by investing at least 15 million rubles within three years before applying for a residence permit. in socially significant regional projects or by investing 30 million rubles. in a Russian company (should work for at least three years and for the year preceding the application for a residence permit, pay taxes and contributions in the amount of 6 million rubles). Another option is registration and subsequent ownership of a legal entity that has been operating in the Russian Federation for at least two years and pays from 4 million rubles per year. taxes. Finally, you can buy real estate in the Russian Federation for any purpose at the construction stage or within two years after its commissioning – with a total cadastral value of 25 million rubles. (in Moscow – from 50 million rubles, in the Far East – from 20 million rubles). The real estate must be free from encumbrances, and the foreigner must own it continuously for a year before submitting the application.
As explained earlier in the Ministry of Economy, first of all, interest in “golden visas” is expected from citizens of the countries of the EAEU, the CIS, the Middle East and Asia – probable investments in Russia were estimated at up to 12 billion rubles. in 2023, further – up to 40 billion rubles. in year. According to an expert on investment citizenship, Lenar Wealth Management managing partner Lenar Rakhmanov, the new rules “remove at least one headache – obtaining a TRP.” Note that another problem – the need for annual confirmation of a residence permit (usually indefinite) remains.
The practice of obtaining a residence permit in exchange for investment is widespread in the world – usually this opportunity is provided by small countries interested in attracting foreign capital. For example, in Portugal, a residence permit requires the purchase of real estate in the amount of € 250,000 (at the current exchange rate – 19.3 million rubles). At the same time, benefits are provided – the investor’s income received outside the country is not taxed for the first ten years, the filing of documents for citizenship is possible after five years. The program was launched in 2012, 27 thousand people took advantage of it. In Cyprus, the investment for a residence permit must be at least €300 thousand, but obtaining it does not give the right to work and do business in the country. Programs with less stringent conditions operate in Serbia, Turkey, Georgia, Montenegro. The island nation of Saint Kitts and Nevis allows you to obtain citizenship immediately after the transaction (for more than $200,000).
Recently, digital nomad visas or start-up visas have become an alternative way to obtain a residence permit – a potential resident is not required to invest, but there is an income threshold, and the condition of receiving income outside the country must also be observed. In Portugal, the threshold for such a visa, depending on the program, can be from €600 to €3 thousand per month, in Spain – about €2 thousand, in Brazil – $1.5 thousand, in the Cayman Islands – $100 thousand per year , and in the UAE – €5 thousand per month.
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