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E-residence law in Ukraine entered into force

The e-residence law has entered into force, allowing foreign IT professionals to become entrepreneurs in Ukraine and pay taxes online.

He reported on it The press service of the Ministry of Digital Transformation reported Ukrinform.

The Ministry of Statistics states that after the approval of all the necessary additional legal framework, foreign IT specialists can become entrepreneurs in Ukraine and pay taxes to the state budget, and all this online.

Currently, authorities are testing a service that would allow foreigners to apply for e-resident status.

After testing, we plan to shoot around 1,000 e-residents. We are awaiting final approval from the NBU, which will assist with the full launch of the project. “This is about the possibility of e-residents transferring money in foreign currency to their own accounts abroad,” he said.

According to him, the project will bring additional income to the budget and contribute to the popularization of Ukraine as a global IT brand and the growth of its position in international rankings, in particular Doing Business.

The launch of the e-residence project will enable foreigners to become entrepreneurs in Ukraine in a few clicks; manage your business remotely, open and manage bank accounts using modern technologies; sign documents with an electronic signature; pay taxes on preferential terms.

By law, entrepreneurs with income in Ukraine cannot become e-residents. Citizens of Russia and countries on the FATF’s “grey” or “black” list cannot also become e-residents.

As reported, e-residence – Special status of a foreign citizen in Ukraine. It provides a foreigner or stateless person over the age of eighteen with the opportunity to obtain qualified electronic services, access to information and consultancy services, simplifies the procedures for obtaining administrative services and concluding civil law contracts, and also allows remote opening. accounts and doing business in Ukraine.

NBU in March It granted e-residents the right to open a current account at the bank.

Photo: Ministry of Digital

Source: Ukrinform

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