the Ministry drafted a bill, which is supposed to give the foreigners a residence permit on economic grounds. It can be buying property in Russia, investments in companies registered in Russia, doing business in our country and contribution to the economy.
List of “economic reasons” is now being dealt with the authorities concerned, said the press service of the Ministry of economic development. In other countries, providing the investors with a residence permit, consider including such investment options as the purchase of securities, Bank deposits, paying taxes, starting a business.
it is Expected that the innovation will increase the investment attractiveness of the Russian economy would accelerate technological upgrading and development of the economy, noted in the Ministry. In the Department emphasize that, unlike most other countries, it is not intended the establishment of foreigners with residence permits restrictions on the exercise of employment or the receipt of any income in the country, not associated with investing.
the Implementation of investment projects, the conduct of its business requires presence and control on the part of the investor, noted in the Ministry of economic development, which is necessary to create special conditions for long a barrier-free stay and residence of foreigners in Russia. A residence permit gives a foreigner the possibility of movement on the Russian territory for a long time to stay in the country without a regular permit documents, facilitate entry and exit from Russia.
at present, foreign investors can in a simplified procedure to obtain Russian temporary residence permit. However, this opportunity remains untapped, noted in the MAYOR. This is due to the short maturity of such status (up to 1 year with subsequent extension), with the requirement to live and work strictly in the region where it has granted permission, and other restrictions. Also foreign investors may obtain on a simplified procedure citizenship of the Russian Federation without observance of certain periods of residence in the country. But the interest is not so high, because it is not always positively perceived in the homeland of the investor.
Roughly, the bill may be submitted to the government for consideration the state Duma in the end of the year, said the Ministry.
the Program of obtaining a residence permit through the acquisition of real estate operating in many countries, says the Director of the Department of urban real estate at Knight Frank Andrey Solovyov. In Russia, this development will be interested in the first place, not the Europeans or the Americans, and the entrepreneurs from CIS countries and Russian-speaking people having ODA��divided by linguistic roots and ties with Russia, said Solovyov. These measures can support the housing market economy class (if it will fit the statutory criteria) because the number of foreigners who have difficulties in obtaining a residence permit, I will try this way to speed up the process. “However, this will have a short-term effect and, in my opinion, significant influence on the property market and consumption will not have”, – said the expert.
