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Moving to Russia and becoming an expatriate is now an easier process as the country's government has brought in a number of new immigration laws.
Investors with cash to plough into the local economy will find that the transition has been simplified, but this is also extended to employees of companies too, reports iExpats.com.
The biggest difference is that a five-year Investment Visitor Visa will be introduced by the Russian Federal Migration Service (FMS), in a bid to attract some of the big players.
Exact details of how this new bureaucratic process will work are yet to be announced, but it is thought that a register of foreign firms which qualify will be drawn up.
In the past, applicants for an immigration visa had to wait for an official invitation letter from the FMS, but now they will be able to deal directly with the Russian consulate instead.
It will also be possible to use scanned versions of supporting documentation, whereas in the past only the originals would be accepted.
In order to ensure that the new more relaxed system is not abused, the penalties for those who outstay their welcome will be more severe.
Anyone who stays in Russia for 30 days longer than their visa states will be given a three-year entry ban from the country.
Temporary resident visas which are valid for three years will now be the first step in gaining a permanent residency visa and employment or work visas will no longer be needed.
A spokesman for the FMS told the news provider: "The changes are being introduced to help meet Russia’s skilled migration and foreign labour needs.
"Those businesses which are looking at undertaking assignments in Russia should also prepare for further changes as further new immigration laws will be introduced."
Another new rule requires all migrant workers to ensure that they register with the relevant tax authorities within three days of arriving in Russia.
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