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Foreign investors will be able to receive Russian citizenship using a simplified procedure.

DATE: October 13, 2014 | AUTHOR: atlawyers

In October 2, 2014 the RF Government Decree came into force, which established types of economic activity, carrying out of which will allow foreign investors to receive Russian citizenship using  a simplified procedure.

Earlier by the Federal Law dated 23.06.2014 N 157-FZ (which amended the Federal law “On citizenship of the RF”) the procedure for receiving Russian citizenship by foreign investors and entrepreneurs has been simplified. According to these amendments, foreign investors whose annual income exceeds 10 million rubles or whose share in the authorized capital of a Russian company is no less than 10 percent (provided that the share capital is no less than 100 million rubles), will be able to use the simplified procedure.

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