December 22, 2024
Samuel Aziz Boubaous
A Guide To Shared Values Visa and Residency in Russia
In August 2024, Russia introduced the Shared Values Visa (SVV), creating a new opportunity for foreigners with both a personal and professional interest in relocating to Russia. Now, individuals who appreciate Russia’s cultural and moral values can explore this exciting country while benefiting from its growing economy. The SVV allows for an initial stay of up to six months, with the option to extend for another six, and supports work and study during your time in the country.
Russia offers a unique opportunity to explore a new culture, language, and way of life. As a rapidly developing country, it presents many career opportunities in the energy, technology, and manufacturing industries. With a high-standard education system and a lower cost of living than other major cities, Russia is an attractive option for those seeking personal and professional growth.
There are several options for foreign nationals looking to integrate and move to Russia. You can choose the path that best suits your needs depending on your eligibility and specific conditions. Whether you’re interested in the Russia Shared Values Visa (SVV) or a temporary residence permit, we offer tailored services to help you navigate the process smoothly and efficiently. Our team is here to guide you through every step, ensuring you find the best solution for your relocation to Russia.
Russia Shared Values Visa (SVV)
The country introduced this visa in August 2024 for people who share Russia’s values.
The SVV lets you stay in Russia for up to six months. After that, you can extend it for another six months. This gives you time to explore Russia and decide whether to stay longer. It’s perfect to experience Russian life before making big decisions.
To get the SVV, you must show that you admire Russian culture and values. This can include a love for Russian art, music, and literature. You may also need to show respect for traditional family values and authority. Once you pass the interviews and checks, you can enter Russia with the SVV.
Holders of the SVV can live, work, or study in Russia. The SVV is also a good starting point for applying for a temporary residence permit in Russia. It's a flexible option to explore the country first and then decide on long-term residency options.
Temporary Residence Permit (TRP) in Russia
If you plan to stay in Russia for over six months, you can apply for a temporary residence permit. The document is valid for three years, giving you more time to live and work there.
To apply for a permit, you will need a good reason and proof. That could be employment, study, or marriage to a Russian citizen. You must also submit the documents required for temporary residence in Russia. These include your passport, migration card, and proof of income. Also, you should pass the temporary residence permit Russia test for language skills.
The process can take some time, and the local authorities should accept your documents. Once approved, you can legally live and work in Russia. Remember that you must register your place of stay with local authorities within seven days of your arrival. This is an important rule for all temporary residence permit holders in Russia.
Russia Permanent Residence Permit (PRP)
The Russian permanent residence permit is the next step for those who want to stay permanently in Russia. To apply, you need to have been a temporary resident for at least one year.
The document is valid for five years and can be renewed as often as needed, making it a stable option for long-term residents. With this permit, you can live, work, and invest in Russia without many restrictions.
You must submit several documents to apply for permanent residency in Russia. These include your valid TRP, proof of income, and a certificate showing your knowledge of the Russian language. You must also pass background checks. Additionally, you need to show ties to Russia, such as owning property or having close family members who are Russian citizens.
The benefits of the permit are very diverse and inclusive. For example, you will find it easier to open a bank account in Russia as a non-resident. Having a local bank account can make managing your finances much simpler. You can also freely travel in and out of the country without needing new visas.
Benefits of Being a Resident of Russia
Let's tickle the perks of being a Russian resident as a foreign citizen. Whether you have a temporary or permanent permit, you can enjoy life in Russia without needing constant visa renewals. You can work in Russia, study, or even open a business.
If you hold a permanent residency, the advantages are even bolder. The property investment market opens up wider. You are also eligible to access healthcare and even sponsor family members who want to move to Russia. You can also benefit from Russia's low tax rates, especially if you’re coming from countries with higher tax systems.
Additionally, residency makes it much easier for a non-resident to open a bank account in Russia. Banking in Russia is modern and accessible, with options for online banking and international transfers. A local bank account can help with everyday expenses, paying for services, and managing investments in Russia.
How to Get Help With Your Application
The application process may seem hard if you are not well-informed about the local laws. As Russian policies are specific, specialized and professional expertise may be undeniably helpful.
Contact the Wealth Consulting team for all inquiries, consultancy, and legal procedures related to Russian residency options.
Book a Call with our experts to discuss your financial needs and explore personalized solutions.
