Simplified Procedure for Granting Russian Citizenship to Foreign Businessmen, Investors and Specialists

The Federal Law No. 124-FZ dated 1 May 2016 introduced amendments to the Federal Law 'On Citizenship of the Russian Federation' which specify the criteria for granting citizenship of the Russian Federation to the foreign businessmen, investors and specialists in the simplified procedure.

In particular, foreign individual businessmen who do business in Russia continuously for at least three years may apply for the citizenship of the Russian Federation in the simplified procedure if during this period the amount of taxes and duties (except for the property tax on individuals, land tax, vehicle tax, state duty, and overpaid and(or) overcharged taxes and fees refunded in accordance with the legislation on taxes and fees within the specified period) and insurance contributions to the PFR paid by such citizens and persons in each calendar year has been not less than 1 million roubles. 

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Yana Dianova

Director of Corporate and Commercial Law Department, GRATA International (Moscow)