IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Dec 2012 | Removal date: open ended
Still in force

Labour market access

At the end of 2012, the Russian government took steps to facilitate intra-company transfers from abroad.
On December 30, 2012, the Russian President, Mr Vladimir Putin, signed amendments ( 303-FZ) to Articles 25 and 25.6 of the Federal Law "On the Procedure for Exit from the Russian Federation and Entry into the Russian Federation". The new regulation facilitates entry visa procedures for employees and representatives of big international companies. In particular, they are entitled to obtain long-term visas (up to 5 years) and administrative steps are reduced (e.g. invitations by the regional administrative units are no longer needed).
 
However, the Russian government will still have the opportunity to make exceptions, in which foreign companies may not benefit from these long-term visas and simplified procedure (see Rossiyskaya Gazeta, Issue 5976 from December 31, 2012). Big foreign companies play an important role in the Russian economy. Recently, the Prime Minister of the Russian Federation, Mr Dmitry Medvedev, mentioned that the total investments of the 40 biggest foreign companies have surpassed USD110 billon (10.23 per cent of the 2012 GDP estimate, provided by the Russian Federal State Statistics Service).
 

 

 

AFFECTED COUNTRIES

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