Wanna move to Moscow? ‘Golden passport’ proposal means foreigners buying property or investing in Russia could soon earn residency

A Russian government

A Russian government committee has approved proposals that would simplify the process of obtaining a residency permit for foreigners who buy real estate or put at least ten million rubles ($130,000) into the country’s economy.

The so-called ‘golden passport’ scheme will enable wealthy migrants to buy a residence permit if investigations discover they have no ties to crime. Their family members would also be able to apply for permission to permanently reside in Russia.

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