Russia residence - my journey

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Thank you for sharing your experience. I’m flying to Moscow in a few days to apply for the permit and haven’t prepared much since I’m not great with planning. Everything seems as expected, but it’s nice to have confirmation of the process, especially since there’s so little information about the permit and few people sharing their experiences with it.
 
You are welcome.
I hope that you have a good helper in Moscow. If not, let me know and I will be happy to give you contacts of my guy (who can’t be found online).
 
Reactions: Forester
Could you tell something about how you brought money in? Did you carry cash or used crypto to exchange into Rubles? Perhaps some tips on what to do or not?
 
Could you tell something about how you brought money in? Did you carry cash or used crypto to exchange into Rubles? Perhaps some tips on what to do or not?
You can bring in as much cash as you want, if it is over $10k you have to declare it.
You can of course exchange crypto, there are a few places where you can do that, but I can’t recommend any as I’ve never used them.
I have been doing business in Russia for some time and I have my own connections, so money is not a problem.
Remember, only in the EU+CH/UK you are a criminal until proven otherwise. The challenge is moving money out of these places, not into Russia.
 
@JohnnyDoe What do you think of Russia's tax code so far, and have you reached the stage of having to submit your first tax returns?
I have not received the permit yet, that should happen in May-June. I’m not an expert of Russian taxation though.
 
Reactions: aragon
There is no way it can leak.

In Russia everything is leaked, most of government databases are leaked and get leaked from time to time. Usually when database is leaked, there is torrent file going around, also a lot of telegram bots and other services where you can access all the data. As you are new there, so far you are safe, but there is a high chance that fact of you having Russian residency will be public information in the future.

Converting USDT to cash in Russia is very easy and safe, no kyc, plenty of reputable exchangers, some have offices in Moscow City, some communicate only online and courier will bring you any cash amount you need. These type of exchanges are very popular among population and work like a swiss watch.
 
Reactions: PassinBy
3-5% it's a fee in EU.

Today's fee with good exchanges are:
Crypto to fiat - exchange will pay you ~1% premium above exchange rate
Fiat to crypto - exchange fee around ~1-2%

Mostly this, but sometimes can go up to maybe 3%, also depends on the amount. The same russians organize exchanges anywhere in the world, EU usually 3-5% as @John Spectre wrote. It's like russian hawala.
 
Still happy to be in Russia, business is going well ?
 
Still happy to be in Russia, business is going well ?
1. I have not received the permit yet
2. I have been doing business in Russia for a long time
3. This is a permit, not an obligation to reside
 
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