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HomePublicationsComments on legislationHow to become an electronic tax resident in Ukraine?

How to become an electronic tax resident in Ukraine?

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In 2020 in Ukraine the concept of electronic residency for foreigners in Ukraine was officially enshrined. We will tell you what significance it has for foreigners to open their own business in Ukraine, and whether such "residency" will give the right to obtain a residence permit in Ukraine.

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Who can be considered an electronic resident in Ukraine?

E-resident in Ukraine from now on is considered a foreigner who obtained the status of e-resident and registered in Ukraine as an individual entrepreneur.

Such status is interesting first of all to those who are thinking about mastering the Ukrainian market, but do not plan to move to Ukraine. That is, if you want to smoothly enter the Ukrainian market with your services or goods, while staying in your own country.

The fact is that the registration of such a form of business as a sole proprietorship in Ukraine, does not give the right to obtain a residence permit in Ukraine. But the status of e-resident gives the opportunity to conveniently conduct business in Ukraine from abroad.

For e-residents of foreigners is already provided the procedure of registration and even a group of taxation, which will need to be in order to conduct online business in Ukraine - 5% of income.

Since the status itself is a novelty for Ukraine, it is quite predictable that for the first time - for a year or two - soft and comfortable conditions will be provided for such residents to start their business in Ukraine.

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What kind of business can be conducted online in Ukraine?

Today there is a clearly defined list of activities that foreign e-residents can engage in in Ukraine:

  • production of computer games;

  • production of other software;

  • computer programming; 

  • other activities in the field of information technology and computer systems; 

  • data processing, posting of information on web sites and related activities, etc.

Important! To obtain the status of e-resident in Ukraine, you need not only to register, but also to comply with certain rules of doing business:

  • You cannot use hired labor;

  • All accounting must be done through the electronic cabinet, which means that in Ukraine it is necessary to issue an electronic digital signature;

  • You can only perform activities specified by the law, otherwise you will lose your status as an e-resident in Ukraine.

As of March 2021 this status has not yet been enacted, but we can already find the best options for you to enter the Ukrainian market.

If you want to run your online business in Ukraine today, without waiting for the introduction of tax residency, we can offer you the following services:

  • registration of business in Ukraine in the form of a company or individual entrepreneur;

  • Tax and legal consulting on the organization of accounting and other business accounting;

  • accounting and other business accounting on your behalf, on the basis of subscription service of your business in Ukraine;

  • assistance in the organization of online business in Ukraine through the development of a public offer, personal data processing schemes, consent to the processing of personal data, etc.

If You plan to come to Ukraine often, we can offer You help with obtaining the permit residence.

You need help with the opening of an operating business in Ukraine? Please contact us! Our lawyers will help you not only with legal advice, but also with practical actions.

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