Russia to offer ‘golden visas’ to foreigners looking to take advantage of low tax rates, if they invest at least $130k in country

Russia’s Economic Development

Russia’s Economic Development Ministry has proposed a ‘golden visa’-style program for issuing residence permits to foreigners in exchange for investment in the economy, similar to existing schemes in the EU and the Caribbean.

If the proposal becomes a reality, foreigners will need to invest at least 10 million rubles ($130,000) in the country. The ministry believes that implementing such a scheme will strengthen the Russian economy and create new jobs.

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