From September 1, 2024, foreign citizens who declare rejection of ideologies perceived as destructive and incompatible with traditional Russian spiritual and moral values will be eligible for a simplified pathway to temporary residence in Russia. They will be exempt from language, history, and law exams, and the quota system. Separately, foreigners applying for Russian visas will now be required to attend a personal interview.
General
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Visa rules tighten
Foreigners will be required to attend a personal interview to obtain a Russian visa
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Subsidies to tourism sector
More than 6.5 billion rubles have been additionally allocated for the program of concessional lending for investment projects in the tourism sector
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Income support to large families in selected regions
Residents of certain regions in the Russian Far East whose families welcomed a third or subsequent child in 2024 will be eligible for an increased lump-sum mortgage repayment of 1 million rubles.
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Exploitation procedures of foreign crafts and tax incentives for air transport extended.
Exploitation procedures of foreign crafts, i.e. legal permissions allowing Russia to continue operating foreign-made aircraft without the usual formalities, even if their ownership, leasing, or certification might now technically violate international agreements because of sanctions, extended until 2026. The current tax incentives for domestic air transportation have been extended until 2028
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Increase of general corporate income tax
Increase of the general corporate income tax rate from 20% to 25% for most companies, starting in 2025.
Meanwhile, IT companies will benefit from a preferential rate, with their income tax rate reduced to 5%.
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Liability for failing to ensure direct ownership of critical firms under Russian jurisdiction
Administrative liability introduced for Generals and legal entities that fail to fulfill obligations related to the direct ownership of shares in economically significant organizations.
This measure specifically targets companies and shareholders that are required, by government regulation, to ensure that critical economic enterprises remain under Russian jurisdiction and control -
Subsidies to industry
The government has allocated more than 7.5 billion rubles to support industrial enterprises