The Federal Migration Service (FMS) has developed a draft law on introducing amendments to Article 14 of the Federal Law on Citizenship in the Russian Federation.
To attract foreign citizens and stateless persons who are entrepreneurs, investors or qualified specialists, as well as foreign citizens that have received a professional education at Russian education or scientific institutions, the draft law suggests that Article 14 of the Federal Law on Citizenship be supplemented with a number of provisions. These provisions would make it easier to apply for Russian citizenship for certain categories of foreign citizens.
With due account for foreign experience in this field, the draft law provides for separate criteria for the said categories of foreign citizens.
Thus, the draft law requires a three-year length of employment for foreign citizens who have received a professional education at Russian education or scientific institutions.
Foreign entrepreneurs would be required to have three-year’s experience of doing business in Russia with annual revenue of no less than 10 million roubles.
A foreign investor’s share in the charter capital of a Russian legal entity operating in Russia should not be less than 10%. The charter capital and the net assets of the given legal entity should be no less than 100 million roubles each or, alternatively, the sum of the taxes paid to the budget by the given legal entity should be no less than six million per year during at least three years of investment.
Qualified foreign specialists should work in their chosen profession (specialty, position) in Russia for at least three years.
