5 Ways to Stand Out and Boost Black Friday Sales
Black Friday is the day after Thanksgiving, falling on Friday 29th November in 2024. It’s known for being a perfect time for snagging a bargain, opening the...
If you’re off to Russia for business travel, to attend a meeting, conference, or other work related activity, you’ll need a visa.
All UK citizens will need to get the correct visa type for their purposes, pay a visa fee, and give biometric data before they travel to Russia¹. To find out more about the visa application process, supporting documents needed, where to find your nearest visa application centre, and the likely visa processing times, read on.
When you have to pay employees or suppliers overseas it might seem logical to do this with your bank. You already have an account there, they have all your information, so it just seems easier. Although these are valid reasons, easier certainly doesn’t mean cheaper.
Most banks won’t convert your money with the mid-market exchange rate when you make an international payment. Instead they add a mark-up and charge you a hidden fee that way. Wise is different. Its smart technology skips hefty international transfer fees by connecting local bank accounts all around the world. Which means you can save up to 8x by using Wise rather than your bank when you send your money abroad.
Wise also has a lot of additional features for business users. You can connect with Xero to make your life easier, upload a batch of payments in one go or even automate your payments by integrating with our API. And there’s more to come in the future.
The first thing you’ll need to do is find the right visa type for your needs. You can choose from the following common types of business visa²⁺³:
Multi-entry business visas allow an unrestricted number of journeys to and from Russia during the valid period, handy if you’re making multiple business trips over a period of time.
A standard business visa is issued for a stay of up to 90 days, but you can also get long stay visas which can be valid for to up to 12 months. When you’re applying for your visa, you’ll need to specify which visa type, and duration you require.
The fees for different visa types vary, and you might need slightly different documents depending on the visa you decide to apply for.
If you decide to stay for longer in Russia, you'll need to extend your visa, or leave the country to re-apply for a new one. Visa extensions can be issued by the same company which issued your original paperwork, so it’s a good idea to check back with you agent, or talk to your visa application centre, if you’re considering applying for an extension⁴.
Business visas are used for people entering Russia for business purposes, such as attending a conference or meeting, or researching business opportunities. A business visa is not the same as a work permit, so you can’t take up paid employment in Russia while you’re on a business visa.
The Russian authorities are known to be very strict about enforcing visa and immigration laws, so it’s worth taking advice about which visa type you need, if you’re in any doubt.
You can apply for your Russian business visa directly with a visa application centre near to you, or else you can work with an agent to prepare your application. Some of the documents required can be easier to obtain if you use a visa agent, although if you’ve been invited to Russia to visit another business there, they may be able to provide you with the paperwork needed, instead.
If you choose to use a visa agent, there may be an additional fee to pay, and you’ll still have to attend a visa application centre in person, to give biometric data like fingerprints.
The documents you’ll require include the following⁵⁺⁶:
To apply for your Russian business visa, you’ll need to take the following steps⁷:
When you visit the Russian Embassy in London, or a regional visa application centre, you’ll need to take all your paperwork along to be assessed, and pay your fee. When you arrive, you’ll be given a token and asked to wait until your turn is called. When your token is called, you can show your documents and will be advised about visa collection times. You’ll then need to track the progress of your application online before returning to get your passport and visa once it's ready⁷.
Before you can get your visa, you’ll have a fee to pay. You can pay this fee in person when you visit the visa application centre, in cash, by card or using a postal order⁷.
If you need to pay for your accomodation in Russia, or for local transportation, and you need a currency conversion to make this payment, a great way to switch your money using the mid-market exchange rate, is with Wise. The mid-market exchange rate is the one banks use when they buy and sell currency on the global markets, and the best benchmark to use when making sure you get a good deal on your exchange. However, most banks and exchange services don’t offer customers the mid-market rate - they add a markup instead, which means you pay more.
To find out more about how to get a great deal on international payments and currency conversion, here and once you arrive in Russia, check out Wise.
The processing time depends on a few factors, including how busy the service is at the time you apply. You can also pay more for an expedited service if you’re in a hurry.
Applying for your visa in London will usually take 20 days using the standard service, and can take as little as 3 days if you use the express system. Applications filed in Manchester will take a day or two longer, as the paperwork needs to be sent to London for processing.
If you apply in Edinburgh the standard service takes around 5 days and the express service may only take a day to process. Once you’ve applied for your visa, you can see how it progresses through the system, using the online tracking service³.
If you apply for a visa directly at the Russian embassy or a visa application centre, you’ll pay the following fees when you have the British nationality³:
There's also a service fee of £38.40 for the standard service, and £45.60 for an urgent service, and an additional cost if you choose to have your passport and visa returned to you by post instead of collecting it in person.
If you choose to apply for a visa using an agent, you can expect to pay more for the service. Depending on the visa type you need, you might find you’re charged £275 - £795. ⁶ Make sure you’re clear on the fees and the service you’re buying if you choose to follow this route to obtaining your Russian business visa.
Before you book your travel to Russia, you’re advised to get your visa arrangements in place. There are many agents who can help you get the documents you need, and complete your application form - but you’ll still have to attend a visa processing centre or embassy to provide your fingerprints in person.
Once you have submitted your paperwork and received your Russian business visa, you’re free to start setting up the finer details of your travel, and getting ready to enjoy your business trip to Russia.
Sources used for this article:
1.https://www.gov.uk/foreign-travel-advice/russia/entry-requirements
2.https://www.visitrussia.org.uk/visas/getting-a-russian-visa/russian-business-visa/
3.http://ru.vfsglobal.co.uk/business.html
4.https://www.visitrussia.org.uk/visas/getting-a-russian-visa/
5.http://ru.vfsglobal.co.uk/pdf/business_docreqired/UnitedKingdom.pdf
6.https://visa.visitrussia.org.uk/preorder-full-biz.php
7.http://ru.vfsglobal.co.uk/faqs.html
*All sources checked on February 28, 2019
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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