Foreigners could get permanent residency in Russia with a $130,000 investment.
Russia is planning to introduce a golden visa scheme, offering foreigners a permanent residency permit in exchange for investing in the Russian economy, the Izvestia news site reported Friday.
Draft legislation drawn up by the country’s Economy Ministry would seek to woo foreign investors by offering residency rights for investments in the Russian economy starting at 10 million rubles ($130,000). Russia hopes the scheme will attract investors from “problematic” jurisdictions in Africa, the Middle East and across Asia.
Russian permanent residency permits give holders a range of rights similar to Russian citizens, with the exception of full voting rights or being conscripted for military service. Permanent residents are taxed at the same level as Russian citizens — which can be significantly lower than for foreigners. They can also enter and leave Russia without a visa, use Russia’s visa-free schemes with other countries, work without the need for a work permit, access social services and start businesses and buy property with less bureaucracy.
However, some experts told Izvestia the proposed costs of the Russian program were relatively high compared to many other investment-for-residency schemes in more sought-after jurisdictions, such as some EU countries and Caribbean islands.
The cheapest option proposed by the Economy Ministry would require a foreigner to start a Russian company, invest 10 million rubles ($130,000) and hire at least 10 Russian workers. To gain residency by buying property or government bonds, an applicant would require an investment of at least 30 million rubles ($390,000). A similar program in Greece, which offers permanent residency in the EU, requires only a 250,000 euro ($300,000) property investment.
It is also expected that applicants would still need to pass a Russian language test to be successful. Russia’s requirements for permanent residents to declare foreign bank accounts may also quell appetite for the program, The Bell reported.
Russian authorities have not looked favorably on other golden passport and visa schemes, which have helped wealthy Russians — and their cash — leave the country. The country embarked on a controversial push in recent years to lure Russian investors to return — the so-called “Titov list” — promising tax amnesties for those who bring capital back to Russia.
Deputy head of the Economy Ministry Mikhail Babich said Russia did not want its scheme to be open to abuse.
“The granting of a residence permit should be an incentive for foreign citizens interested in investing in our economy, but not create false preconditions for obtaining migration,” he said.
(c) The Moscow Times
“Russian permanent residency permits give holders a range of rights similar to Russian citizens, with the exception of full voting rights or being conscripted for military service.”
Russian citizens have no rights. Anyone foolish enough to invest in Muscovy, has too much money, and deserves to lose it.
Trump lost Georgia. I think it’s over now. What happened in Philly was shameful, but it seems it did not change the final outcome. I wish Joe all the luck he can get. He’d quite a few setbacks in his personal life. 🇺🇸🇺🇦
At least the lawyers are happy. It’s like Christmas and birthday all in one for them.
You can get Rudy, the man with the hair dye, for only $20,000 a day. It’s a bargain 😉
Four Seasons Rudy hahahaa
Next time he will move the press conference either to the dildo store or the crematorium 🙂
Poor guy can not afford a better place.
“What happened in Philly was shameful” You must explain for me Mike, what happened there?
Here is the list just in Philadelphia BEFORE the 2020 scam. You will see the list get much longer after this year.
https://www.heritage.org/voterfraud/search?state=PA
In a population of 12,800,000 they found 4 cases of election fraud in 2018, and that’s the proof that they are cheating with the votes in 2020? It’s time for the loser to accept that he lost the election!
So if someone breaks into your house and just steals 4 things then it’s ok? What the Trump team is doing is making a case that several States broke our Constitution because the local governments and bureaucrats decided themselves to change election law. This is not legal Knut. The Constitution says only the State Legislators can make law. So there you have it. It won’t change the supposed outcome of the 2020 vote but it may save democracy in the US. Everyone that loves democracy should be happy Trump is fighting corruption and fraud.
“So if someone breaks into your house and just steals 4 things then it’s ok?”
If it was a chance on 4/12,800,000 that someone would break into my home I could leave it unlocked all the time 😉
He has now lost 35 cases in courts that are there to upheld the laws and your constitution, time to accept that he lost this election and let Biden start doing his job as president elect!
Sometimes you have to make restrictions on what people can do or not, in Norway they took away the freedom of travelling outside your own municipality to get rid of the virus. Today it’s 56 deaths per million, in the US it’s 780, even a lot more than we have here in Sweden where it has been an awful handling of the virus!
Fraud, man. Total fraud. Shredding votes for fun! Anyway, it’s the age of Al Capone. 😂
Twitter will be going into meltdown soon. Georgia just certified Biden’s win. 😂
Do you expect Trump to go down as Al Capone, for tax cheating? 😉 Elliot Ness was the son of two Norwegian immigrants
First they couldn’t get ex-pats to return to Putin’s toilet and now they want desperate foreign oligarchs to go to Putin’s frozen outhouse? Build a business in Moskovia to have it later taken from you because you said the word “freedom”? This is another Putin scheme that will fail and leave them wondering what’s wrong with the whole world that doesn’t want to live in the greatest, wealthiest, cleanest and most generous and free country in the world…..cough…..cough……cough…………
First your $130,000 disappears, then you get arrested on some trumped up charge, found guilty by Putin’s courts, tossed in prison, then held ransom until your country pays to release you.
Absolutely. Just ask Snowden or Depardieu about moving to the land of milk and honey.
Nothing stopping Snowden coming home to face the music. That is if Muscovy let him.
Sounds quite desperate, LOL.
I wouldn’t go to Muscovy if they paid me $130K. LMAO
Nice hookers though. 😂
https://pics.wikifeet.com/Maria-Zakharova-Feet-5264636.jpg
Good old Maria.
Barnum once said (supposedly), there is a sucker born every minute. Maybe the Ruskie dwarf clown will find a few who will PAY to get a passport from his crime syndicate trash country, whose citizens would mostly prefer to leave behind. He’s already got a few goofballs in his fan club – Depardieu, Seagal, Schröder, Berlusconi, Rourke – add their brains together and you can fill an entire walnut.
Peanut. 😂