Investors who obtain the Russian Investor Visa, also known as the esteemed Russian Golden Visa, secure permanent residency in Russia for themselves and five subsequent generations upon approval. Once they have resided legally for a period of five years, they become eligible to apply for citizenship, with the requirement of demonstrating proficiency in the Russian language now being enforced as of August 2023.
Investors who uphold their investments for a minimum duration of five years through the Russian Golden Visa scheme are granted a remarkable opportunity to acquire Russian citizenship. Subsequently, this permits investors to attain permanent residency in Russia while indulging in the extensive privileges that come hand in hand with citizenship.
In a span of just two years, one can obtain permanent residency in Russia by acquiring a temporary residence permit. It is advised to pursue a Permanent Residence Permit (PRP) six months before the expiration of the Temporary Residence Permit (TRP). The Russian Permanent Residence Permit bears a validity of five years, and the opportunity for extensions is limitless.