The investment climate in Russia has suffered for years as a result of the undue complexity and bureaucracy faced by the foreign business community when hiring foreigners. However, on July 1, 2010, Russia cut through this red tape. It introduced a simplified procedure for obtaining employment-related migration permits (i.e. a work permit and a work visa) when hiring highly qualified foreign specialists (a "Specialist").
The foreign business community in Russia has for years found the migration rules governing foreigners working in Russia to be unduly complicated and bureaucratic, and this has substantially spoiled the investment climate in the country. Now, the time has come when change has become inevitable.