QUOTE(billsafari @ Jul 11 2007, 10:00 PM)

1. Can I (a foreigner) own property in Russia? (Flat or build a house)
I think the answer is yes to buildings and maybe to land. Here are my sources:
"Although few expatriates buy residential homes in Russia, there are no restrictions on the purchase of property by foreigners. Property in Russia currently represents a good investment as house prices are rising rapidly and there are currently many properties for sale. Prices in Moscow trebled between 2002 and 2005, although the rate of increase has recently slowed a little.
In Moscow prices for the types of apartments and houses bought by foreigners range from around US$150,000 to US$500,000. Properties can be rented out for a return of around 9-11%, plus capital growth.
The mortgage market is only just opening up, and is expected to boost house prices even further. Much cheaper properties can be bought outside Moscow, including St Petersburg. It is possible to buy a house in a country village for little more than $1,000."
In Russia property transaction costs such as registration of the contract are usually covered by the buyer, but these rarely exceed US5,000. In addition, property agents normally charge the buyer 2-4% of the purchase price. Non-residents are required to pay a tax of 30% of the sale price on selling the property.
http://www.expatfocus.com/expatriate-russia-buying-property"As we already mentioned, even if this bill becomes a law, some restrictions will apply to the right of foreigners to buy arable land."
http://www.ired.com/news/mkt/ru-foreigners.htm (old article)
QUOTE(billsafari @ Jul 11 2007, 10:00 PM)

2. Can I have a bank account in Russia? Is it difficult to wire money from a USA account to a Russian bank account?
Yes, based on personal experience this can be done. I only did it for fun to see if I could earn 13% interest on my $100. Turns out you can! Or whatever the crazy bank rate was in 2004. Although we have only wired money from Russia, I can't imagine why it can't be done. The tax authorities will be more interested in this rather than the banks. Keep in mind you are probably going to spend $25 or so in fees at both banks for each transaction regardless of amount transferred.
QUOTE(billsafari @ Jul 11 2007, 10:00 PM)

3. Do I have to go to a Russian driving school to get a driver's license?
Probably not. Others have provided excellent answers.
QUOTE(lmhvm @ Jul 12 2007, 08:40 AM)

I lived in Moscow for about 7 months. You don't have to go to a Russian driving school......all you'd need is an international drivers permit and your US drivers license. To get an international drivers permit, go to any AAA Location, bring your U.S. driver's license, two photos, fill out an application, pay $15-$20 and they'd issue you a permit valid for 1 year.
QUOTE(billsafari @ Jul 11 2007, 10:00 PM)

4. How will this affect the AOS and my girl's green card, citizenship process here in the USA?
This will have a huge effect on her AOS. Leaving the country for more than a year and even playing the trick of returning once every year and going right back will look like she has abandoned her residence in the US and may be denied entry upon return.
See my discussion with Yodrak on the topic, although I think he doesn't understand what seeking admission means. An LPR does not seek admission.
http://www.visajourney.com/forums/index.ph...mp;#entry575179QUOTE(billsafari @ Jul 11 2007, 10:00 PM)

5. Will I have to pay capital gains taxes in Russia along with my taxes in the US?
Look to the Internal Revenue Code for your answer. I believe income under 88k earned abroad does not get taxed by US authorities. And since all you are doing is stock trading I imagine you'll pay your regular US capital gains tax on that, and the question of paying a Russian tax on that transaction depends on what their tax code says. Since trading stock will become your trade or business I imagine it might get taxed as income and if done in Russia perhaps under their capital gains tax as well. I am no expert in this area, although there are plenty of good books on our tax code and Russian tax code and applicable treaties that might answer this question down in the law library.
QUOTE(billsafari @ Jul 11 2007, 10:00 PM)

6. Will we need to marry in Russia also to get my temporary residences visa, then permanent residence?. (If anyone can shed some light on this whole subject and process it would be greatly appreciated.)
Here are some long answers enjoy:
"Temporary & Permanent Residents:
Note: December 2003 - Russian Nationality Rules Ease (Talk Lounge Russia Forums on waytorussia.net).
To become a permanent resident, a foreign citizen should become a temporary resident first. One can become a temporary resident, only if invited by a private person to Russian Federation (private invitation).
The private invitation can be made in the local immigration office (OVIR), at the place where the person, who is inviting you permanently lives. The person who invites you, should fill in a special application form in OVIR and submit it along with a copy of your (the invited person's) passport, and a paid bank transfer. (Note, there are huge queues in OVIRs). It will take about 1 month or longer for OVIR to process this information, and after it is done, a "private invitation" will be issued. This invitation should be posted (not faxed - originals are required by the embassies!) to the person who's invited. Then the person who is invited should submit this invitation, along with the invitation, passport, photos, and other documents required to the Russian embassy, and his private visa will be issued.
The private visa can be valid for a period not longer than 3 months (the exact period is specified in the invitation), and is single-entry only.
After you arrived to Russia with such "private" visa, you should register at the place of residence of the person who invited you. For that there needs to be a proof that this person has the rights for this apartment (obtained in a local housing office), and a notarized letter, where the person states he/she doesn't mind you living in his apartment for a specific period of time (the form is standard - every notary knows it).
After you're registered, if you still want to become a temporary resident, you need to get a pile of documents. The requirements change all the time, so it's better to get an up-to-date list from OVIR. Generally, a foreign citizen will need his passport, private visa, information confirming the place of work / study, information that confirms the place of residence (should be issued by prefecture), information confirming a certain income, medical insurance. The Russian person, who is inviting the foreigner, should confirm the rights for the apartment, bring in all the same documents, confirming place of work / study, income, medical insurance etc. It's better to use a specialized agency's services to file all the documents before submitting them to OVIR. These agencies will not gather the documents for you, however, they know how to submit the documents that OVIR officials like it.
If everything is ok, you'll get the answer in about 1 to 3 months time.
However, the temporary residence is quite limited: a foreign citizen will have certain rights, and be able to enter Russian Federation, but in order to leave Russia, he/she will have to get a special "exit" visa from OVIR every time (it takes 2 to 4 weeks to get it)! So, imagine, you need to leave Russia fast, you can't do it, because you have to apply (queues), and then wait, and only then get a single-exit visa.
In other words, this process is not worth going through at the moment, unless you really need a temporary Russian residence. The rules are not easier for spouses as well...
The only good thing is that the rules may change soon, and become easier. We will monitor the situation, and as soon as there's a significant change, we'll update information in this section."
http://www.waytorussia.net/RussianVisa/Status.html"Here are the new regulations that concern foreigners living in Russia (or foreigners, NOT from former CIS countries, who want to get Russian citizenship):
1. If a foreign citizen has been married to a Russian person for not less than 3 years AND is living in Russia at the moment, then he / she can get Russian citizenship through a simplified procedure. That is, there's no need to have a minimal period of consecutive stay in Russia after which you can apply for the Russian nationality.
If you are married to a Russian person for less than 3 years, then you don't have any advantages compared to anybody else. You will still need to present (1) a proof that you has been living in Russia for the last 5 years and stayed in Russia not less than 75% of all this time; (2) proof of sufficient income; (3) proof that you know Russian language; (4) permit of stay.
2. If a foreign citizen has at least one parent who has Russian citizenship and is living in Russia at the moment, the same simplified rules as described above apply (no need for minimum period of stay).
If you want to use these rules, you should apply before 1 January 2006. Also, note, that to apply for Russian citizenship under these new rules, you still need to get a permit of stay. The permit of stay can be obtained only if you arrived to Russia on a private visa (made after the private invitation). To ease everything up it is better to ask your wife (or parents) to make the personal invitation for you. This process is quite long and hard, and the permit of stay is a very inflexible document (e.g. you'll need to get an "exit visa" every time you leave Russia). However, if you are after Russian citizenship and you are OK staying in Russia most of the time, then these new rules will be good news for you.
Please, note, that the law will be implemented on 16 December 2003, and it might take some time for the Russian immigration officials to "accept" it.
Also, most of the new rules were made to ease the process of getting citizenship for the citizens of former CIS countries, and there can be unclear interpretations of some things written in the law by officials.
http://waytorussia.net/TalkLounge/conversation457.html