Policy Update: Investment Migration Programs Russians Can Apply To

Concerned about their safety since the Russia-Ukraine conflict, Russian nationals have been seeking second citizenship/residency programs in increasing numbers looking for political and economic stability.  

There are numerous countries that have blacklisted Russians from applying for residency and citizenship by investment, but these countries are for now restricted to Europe and the Caribbean region.

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For residency by investment, the most popular programs in the world, the Portuguese, Greek, and Spanish golden visas, as well as the Ireland Investor Program (IIP) and the Maltese Permanent Residency Program (MPRP), are all closed for Russian applicants.  

As for countries that offer citizenship by investment programs, only five currently do not accept Russian applicants, and four of them are the Caribbean nations of Antigua & Barbuda, Dominica, St Kitts & Nevis, and St Lucia, with the fifth nation being Malta in Europe.

Which Residency & Citizenship By Investment Programs Are Open To Russians?

The good news for Russians is that while many popular investment migration programs have banned them, a larger number of programs are still open to receiving their applications.

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Those looking to secure a second passport through investment also have a wide array of options, including Turkiye, Montenegro, Vanuatu, and Grenada, which is the only Caribbean country that is currently accepting Russian applications. 

However, it is important to note that while Grenada does not implement any sort of blanket ban, Russian applications will be considered on a case-by-case basis, taking into consideration political affiliations, location of the applicants and source of funds.

How Can Russians Apply To Open Programs?

The best way for Russians to approach investment migration programs at the moment is through an accredited agent with an open channel of communication to the government.

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This is why we at Savory & Partners are able to continue applying for our Russian clients and are updated as to which programs are open and what the requirements for Russians are.  

To know more about which programs are open to Russians, the current policy updates, and what options may be available in the near future, contact us today to speak with one of our experts.

 

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