What type of residence permit can i obtain in Ukraine through buying the apartment?
25/04/23 | ||
Author: Volodymyr Gurlov Legal services in Ukraine: Obtainment of temporary residence permit in Ukraine, Buy real estate in Ukraine |
If you are a foreign national who wants to live in Ukraine for an extended period, you can obtain a temporary residence permit (TRP) by purchasing real estate in the country. Specifically, if you buy an apartment or house in Ukraine, you may be eligible to apply for a TRP based on property ownership.
To be clear, buying real estate in Ukraine does not automatically grant you a TRP. Instead, it serves as a basis for you to apply for one. Here's how the process works:
Step 1: Purchase a property in Ukraine
The first step is to find a property in Ukraine that you would like to purchase. You will need to sign a purchase agreement with the seller and transfer the funds to complete the transaction.
Step 2: Obtain a property ownership certificate
Once you have completed the purchase, you will need to obtain a property ownership certificate. This document confirms that you are the legal owner of the property.
Step 3: Apply for a TRP based on property ownership
With the property ownership certificate in hand, you can apply for a TRP at the State Migration Service of Ukraine. As part of the application process, you will need to provide the following documents:
- Passport (valid for at least six months after the expected expiration date of the TRP)
- Proof of health insurance
- Proof of sufficient financial means to support yourself while in Ukraine
- Property ownership certificate
You may also need to provide additional documents, such as a criminal record check or proof of marriage or family relationships (if applicable).
Step 4: Wait for the decision
After submitting your application, you will need to wait for a decision from the State Migration Service. The processing time can vary, but it typically takes several weeks to several months.
If your application is approved, you will receive a TRP that is valid for one year. You can renew the TRP annually as long as you continue to own the property.
It's worth noting that owning property in Ukraine does not give you the right to work in the country. If you want to work while in Ukraine, you will need to obtain a work permit in addition to the TRP.
Related article: Buying and selling real estate in Ukraine for foreigners during the war
What are the terms for obtaining such permit and how much the apartment must cost
To obtain a temporary residence permit based on property ownership in Ukraine, there are certain terms that must be met. Firstly, the property you purchase must be worth at least 10,000 USD. This value can be calculated based on the market value of the property, as indicated in the purchase agreement.
Additionally, you must have a clear criminal record and provide proof of sufficient financial means to support yourself while in Ukraine. This can include bank statements, employment contracts, or other forms of income verification.
It's also worth noting that the property must be registered in your name, and any co-owners of the property must also be eligible to obtain a TRP based on property ownership.
Furthermore, the property must be located in an area where foreigners are permitted to purchase real estate. You should consult with a lawyer or real estate agent to ensure that the property you are interested in meets these requirements.
In terms of cost, the minimum price of 10,000 USD may vary depending on the location and type of property you choose to purchase. It's important to note that this is just the minimum requirement, and you may need to invest more in your property purchase depending on your needs and preferences.
Related article: From now on foreigners do not have to leave Ukraine for D type visa
What documents do I need both for buying the apartment and obtaining the permit?
To buy an apartment in Ukraine, you will typically need to provide the following documents:
Passport or other identification document
You will need to provide a valid passport or other identification document, such as a national identity card.
Tax identification number (TIN)
You will need to obtain a Ukrainian TIN, which is a unique identification number that is used for tax purposes. You can apply for a TIN at a local tax office in Ukraine.
Purchase agreement
You will need to sign a purchase agreement with the seller of the property. This agreement should outline the terms of the sale, including the purchase price, payment terms, and any conditions or warranties related to the property.
Property ownership certificate
Once the purchase is complete, you will need to obtain a property ownership certificate from the relevant authorities. This document confirms that you are the legal owner of the property.
To obtain a temporary residence permit based on property ownership in Ukraine, you will typically need to provide the following documents:
Passport or other identification document
You will need to provide a valid passport or other identification document, such as a national identity card.
Proof of health insurance
You will need to provide proof of health insurance coverage that is valid in Ukraine. This can include a policy from an international insurer or a policy from a Ukrainian insurer.
Proof of financial means
You will need to provide proof that you have sufficient financial means to support yourself while in Ukraine. This can include bank statements, employment contracts, or other forms of income verification.
Criminal record check
You may need to provide a criminal record check from your home country or from Ukraine, depending on the requirements of the State Migration Service.
Property ownership certificate
You will need to provide a property ownership certificate that confirms you are the legal owner of the property in Ukraine.
It's important to note that the requirements for obtaining a TRP based on property ownership in Ukraine may vary depending on your specific situation and the local immigration office. It's advisable to consult with a legal professional or immigration advisor to ensure that you have all the necessary documents and information to successfully obtain a TRP.
Purchasing real estate in Ukraine can be a viable option for obtaining a TRP if you plan to stay in the country for an extended period. However, it's important to keep in mind that the process can be time-consuming and requires careful preparation of documents. Additionally, owning property does not automatically grant you the right to work in Ukraine.
Our company can accompany the entire procedure from organizing the purchase of real estate in Ukraine to obtaining a residence permit.
Contact us if you are planning to buy real estate in Ukraine.