Foreign entrepreneurs and investors will be easier to obtain Russian citizenship

The draft resolution "On establishing the economic activities in the implementation of the activities in which the foreign citizen and a stateless person is an individual entrepreneur, as well as foreign citizens and persons without citizenship - investors are entitled to admission to citizenship of the Russian Federation in the simplified procedure" has been prepared in Economic Development pursuant to the Federal Law "On Citizenship of the Russian Federation" (paragraphs "g" and "h" of the second part of Article 14).

In order to attract foreign investments into the Russian economy simplified procedure for receiving Russian citizenship applies to foreign entrepreneurs and investors engaged in the activities contemplated North American Industry Classification System, with certain exceptions.

In particular, the exception being activities related to the wholesale and retail trade, repair of motor vehicles and motorcycles, job accommodations and catering, real estate, employment and recruitment, as well as activities in the field of advertising, law and accounting.

These exceptions are due to the lack of need for further engagement of new participants in the relevant activities.