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Last updated on November 2nd, 2021
E-Residency in Ukraine: All You Need To Know
In previous articles, we’ve covered different e-Residency programs offered by different countries. Now, it’s time that we cover the new e-Residency program introduced by Ukraine. In this article, we’ll be looking at what Ukrainian e-Residency is, what it isn’t, the benefits of e-Residency as a whole, and how to apply for a Ukrainian e-Residency.
What is Ukrainian E-Residency
Ukrainian e-Residency is a scheme that allows foreign citizens (primarily IT specialists) to open and run a business in Ukraine without being physically present in the country. This will allow freelancers who work with Ukrainian IT companies to formalize their business relationships. The e-Resident status will also be useful when looking for a job in the global market. You’ll easily do contracts and improve your relationship when you’re officially registered and operating under Ukrainian laws.
Overall, Ukrainian e-residency status will make you stand out among the other freelancers.
Benefits of E-Residency Ukraine
The Ukrainian e-Residency program is very attractive with its perks. Let’s quickly have a look at each of them.
Pay a Flat Tax of 5% of Your Income
When designing this scheme, the Ukrainian government has aimed to simplify the taxing. If you’re an e-Resident registered as a private entrepreneur, you’ll only pay one unified flat tax which is %5 of your income.
Get Your E-Signature
With an e-signature, you can sign contracts and documents remotely. This is a huge benefit when you’re working online and aren’t physically present in the country.
Open a Bank Account Remotely
The Ukrainian government has developed a digital identification and verification system that allows you to open a bank account in Ukraine completely online. So you don’t have to visit the country to open a bank account.
Get Professional Assistance
When you sign up for a Ukrainian e-Residency, you’ll get help from an English-speaking personal manager. This way you’ll have access to professional help for your activities.
How to Apply for E-Residency in Ukraine
To apply for a Ukrainian e-Residency is quite simple. Simply, sign up for your e-Residency application via the Ukrainian e-Residency website. This will then lead to you providing the relevant information for your application. Then simply sit and wait for your application to be reviewed. Upon being reviewed, you’ll visit the consulate of Ukraine to complete the full procedure. Once you complete this step, you should be on your way to setting up your e-Residency business!
Application Review Process
Wait for your application be to be approved
Visit the consulate
Visit the consulate of Ukraine to complete the procedure
Complete the Process
Get your e-signature
Set up your business
Open a bank account online
Ukraine has successfully adapted to the modernity of e-Residency programs. The program is in the early stages but is very promising. We hope this article has explained what Ukrainian e-Residency is, what it isn’t and how you can benefit. Don’t miss out on our E-Residency Programs All Around the World article for more e-Residency programs.
Have you ever applied for an e-Residency in any country? Are you planning to apply for one? Feel free to share your comments with us…