17 Oct 2019 14:17

Foreign investors in Russian Far East to receive multiple-entry business visas - Medvedev

MOSCOW. Oct 17 (Interfax) - The Russian government will simplify procedures for foreign investors operating in priority development areas (PDAs) in the Far East, with specialists from such companies to be issued one-year and three-year multiple-entry business visas, Russian Prime Minister Dmitry Medvedev said during a government meeting.

"Today we will consider a draft bill which simplifies the work of foreign investors within PDAs in the Far East and in the Free port of Vladivostok. Representatives of foreign companies whci are conducting negotiations on investment contracts with residents of these PDAs, of the Free port of Vladivostok, will be able to receive a multiple-entry business visa to visit Russia, it will be issued for a term of up to one year," Medvedev said.

If a foreign company concludes the relevant deal, then a multiple-entry business visa for up to three years will be envisages for the company's employees and their families.

"And foreign companies which sign a labor contract with a resident of the PDA or Free port, they will also be able to receive a multiple-entry work visa, also with a three year term," the prime minister said.

Visa applications will in these cases be considered in the shortest possible timeframe - no more than five days.