Ukraine: a Destination for IT Digital Nomads

DIGITAL TRANSFORMATION

The immigration policies have drastically changed since the new President, Volodymyr Zelensky, was elected less than two years ago. He initiated a massive program aimed at turning Ukraine into a global IT hub. Attracting IT professionals to Ukraine is one of the key tools of reaching this goal.

  • Digitilizing most state services leaving behind paper documents, visiting state offices and other bureaucratic archaism
  • 5% profit tax for the IT industry
  • E-residence which is a special legal status for a foreigner to become a Ukrainian business resident remotely online and work as such from any location on the planet
  • Permanent residence status for IT professionals. For example, they invited over 4000 foreign IT workers in 2021

LEGITIMATE OFF-SHORE

IT business in Ukraine enjoys as low as only 5% profit tax and very simple accounting requirements. Forget about filling out tons of tax returns. The reporting is very simple and done online. Even though it is better to use a local accountant to take care of your business, still there are many foreigners who opt to do this themselves.

E-RESIDENCE

For now, E-residence functions are still in test mode, but you can apply for it now to be an early adopter. You don’t have to come to Ukraine or to stay in Ukraine. It is a completely remote thing! Stay wherever you’d like and run your IT business out of Ukraine with a Ukrainian bank account and pay only 5 % tax.

BECOME A DIGITAL NOMAD IN UKRAINE

If you do want to physically relocate to Ukraine and to stay here perpetually or for a while, then you can have several immigration options to choose from.

  1. Visa-free regime: Citizens of the US, EU, UK, Canada, China, Kuwait and many other countries do not need a visa at all to come to Ukraine for a certain number of days. Usually, it is 90 days within 180 days. So, you can spend here a whole summer or just to come to test the ground
  • Get a job. If a Ukrainian company wants to hire you, the company obtains a work permit for you and with the work permit you apply for a long-term visa then temporary residence. Residence in this case usually is given for 1 year with a right of prolongation. A work permit is issued within 7 business days, a long-term visa is issued withing 10 business days and a temporary residence permit is issued within 15 business days.
  • Create a job. If you don’t want to work for anyone and will to keep being free, then register your own company in Ukraine. This company will hire you as its director, and in this case you will get your temporary residence the same way as described above. The only difference is that in this case you can obtain a 3-year residence permit instead of a 1-year. Your company will pay this 5% corporate tax, so it is not a matter of residence but also doing IT business effectively.
  • 3 years of the relevant experience;
  • the income that is not lower than $24,000(USD) from the previous calendar year.

Understand More About Joining Ukraine’s Growing Digital Sector

Contact Serhii Aleksandrov to schedule a consultation to discuss immigration to Ukraine and other general questions about Ukraine.

Discover Other Digital Nomad Destinations

Read about the growing trend of Digital Nomad Visa’s

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