While BRICS is quickly evolving, significant differences remain in the socio-economic structures, and the dynamics and goals of economic development of its member states. Migration represents one of the areas in which BRICS countries can have mutually complementary structural characteristics and goals of development, allowing for the formulation of coherent common policies. In particular, the formation of a system regulating various types of legal labor (highly skilled, educational, and low skilled) migration flows and preventing illegal migration within BRICS as well as the formulation of common policies in regard to migration exchanges with third countries is desirable. Of special importance is policy coordination in the field of highly skilled and educational migration, providing for a more effective use of BRICS members’ human capital and enhancing their cooperation in the fields of science, technology, and education.