Following the news about the approval by the governmental commission of the draft law on the simplified procedure for issuing residence permits for investors, we inform you that on 27 April 2021 the Russian government submitted the said draft law to the State Duma of the Russian Federation.
Please note that the draft law has been revised and amended in comparison with the version published on the portal of draft legal acts for public discussion.
In particular, the range of investor's family members who can apply for a residence permit has been expanded. In the original version, only the investor's spouse and children (including adopted children) were considered family members, but in the draft law introduced to the Duma, family members also include the investor's parents (including adopted parents), parents' spouses, children's spouses, grandparents and grandchildren.
In addition, it is suggested that a residence permit issued to an investor may be revoked if there are general grounds for revoking a residence permit, with the exception of:
- being outside of Russia for more than 6 months in total during a calendar year;
- absence of a residential premises on the basis stipulated by the legislation of the Russian Federation after three years from the date of entry into the Russian Federation.
However, among the applicable reasons for cancellation is leaving Russia for permanent residence in a foreign country.
We keep a close eye on updates and will keep you informed of any changes.
For more information, please contact the consultants of the Confidence Group company.
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