Once the investment is made, can I use the money for my business needs? a certificate from your Ukrainian bank, confirming the inflow of your foreign investment into the Ukrainian economy. However, if you examine today’s environment in Ukraine – especially Kiev and Kharkiv – it will become clear to you that they are filled with well-educated and truly smart people ready to forge ahead and make something of themselves. Give us a call – we can help connect you to the right people. Ukraine isn’t a great place to bank or do business. Permanent Residence in Ukraine With a wealth of experience, Feod Group are able to provide a bespoke services in obtaining permanent residency in Ukraine through investment, business, employment or family reunion. The application is made to the Migration Service of Ukraine (if the foreigner is in Ukraine) or Ukrainian Consulate of Ukraine in the country of residence of a foreigner (if the foreigner is overseas at the time of application). The country is undergoing so many reforms, usually done very rapidly, at the request of both the European Union and the International Monetary Fund, which makes us confident it will continue to achieve higher levels of democracy and economic stability. The country is still at war. Starting from 01.06.2018, it is produced in form of an electronic ID-card. Is anyone excluded from applying for residence by investment in Ukraine? You can either issue a Power of Attorney to someone local or open a private investment bank account yourself. A permanent resident can live, work, study & gain access to health care in the country he/she lives. That’s because Ukraine offers a residence by investment program. . Marriage. If you fall under one of these categories, then Ukraine could be the right residence program for you. Unfortunately, you can only invest in a business when it comes to Ukraine’s residence program. 5. In addition to all of Schengen, Ukrainian citizens can travel visa-free to Bulgaria, Romania, Cyprus, and Croatia. Simply buying a property in Ukraine by a foreign individual for the required amount (USD 100,000) does not allow a foreign national to get an immigration permit (and, as result, permanent residency permit in Ukraine). Optimism is the word we would use when talking about Ukraine and its future opportunities. . • Your passport and its notarized Ukrainian translation. After all the tumult, it’s actually quite surprising that the country has launched its residence by investment program and is successfully receiving investment dollars, pounds, and euros. Within just five years of permanent residence, you’ll be able to apply for a Ukrainian passport. The immigration permit is usually processed in 3-6 months, but can take up to one year to process too. Even though you have a residence permit in Ukraine, you’re not required to live there. It’s also not terribly attractive for living if you’re used to western standards, and the government does itself no favors by prohibiting dual citizenship. The term of validity of a permanent residence permit in Ukraine. Although the hot zones of Donetsk and Luhansk are quite far away from the main economic hubs, it can still be unnerving to know that the country is engaged in war. 2. have not reached the age of 16 years or recognized legally as incapable person – on the basis of application forms of the persons, mentioned in the paragraphs 2-13, Article 4, Law of Ukraine “On the legal status of foreig… 2. You can leave Ukraine now if you’d like. You may apply for a Ukrainian passport after you’ve been in possession of a permanent residence for five years. Husband and children of eighteen years of the person receiving permanent residence. Simplified EU travel. Here is Ukraine’s potpourri of residence by investment requirements – nothing that you haven’t seen before: • Be at least 18 years of age. Foreigners with good English can work here and earn good money. It will take just one day to register your new business in Ukraine. Learn how your comment data is processed. Attention! The Permanent Residence permit will be issued within 15 business days upon application to the State Migration Service of Ukraine. The right to obtain a permanent residence permit in Ukraine is granted to foreign citizens who have obtained an Immigration Permit. That’s because Ukraine offers a residence by investment program. • Be able to invest at least $100,000 and establish a Ukrainian business. Return to Ukraine and visit your nearest State Migration Service to apply for and receive your permanent residence. Progressive culture. IMF Fund has approved a new $3.9 billion loan agreement for Ukraine. And when I get Ukrainian citizenship, I can travel to EU countries without a visa. Here are the documents you will need to apply for your immigration permit, all translated into Ukrainian and certified as genuine. Ukraine is an emerging business market and favorable taxes. It is to educate you on the country and the options that it presents foreign investors, and for you to then make an informed decision. For example, Ukraine’s large-scale corruption will take decades to uproot. Similar to investment based permanent residence schemes in many other countries such as USA, Canada, Singapore, Ukraine also offers a permanent residence to foreigners who are willing to make an investment of at least USD 100,000 subject to the following conditions: investment is made in a foreign convertible currency; • Your passport and its notarized Ukrainian translation We speak English, Spanish, Italian, Greek languages. Temporary let to be in Ukraine for a year. Not sure you are one? The so-called Ukraine Renaissance is taking place in tech hubs like the capital of Kiev as well as Kharkiv. Actually, very little time ‘on the ground’ is required by the Ukrainian government. It will take just one day to register your new business in Ukraine. The trick, then, is to find out whether Ukraine has that ‘special sauce’ that would make this country interesting, as well as financially and personally valuable for you to plant a flag in. Finally, Ukraine’s currency – the hryvnia – is at a low point against the US dollar right now, which really sweetens the pot when it comes to investing in the country. These things are all long-term, so they won’t disappear in the short-term. right away, you won’t be able to hold two citizenships at once and will need to renounce your original one. It is an ID card, which is issued to a foreign citizen on a certain basis. Visit the State Migration Service to fill out an application for your immigration permit. We have no doubt that Ukraine will continue to grow and develop and finally rid itself of the Soviet mindset that beset it for decades. This entitles the person to the same rights as a Ukrainian citizen, except the right to vote. You’ll be glad to know that you can actually move there quite easily. If you can help it, you shouldn’t bank in Ukraine. Most likely, you’re also aware of the armed conflict in which it is currently involved with Russia, and many other things playing against Ukraine as a country that people would like to live in. In the world of investment immigration, residence is one of the most desirable options for high-net-worth individuals who want to invest abroad. The residence permit may be permanent and temporary. Send the funds in a foreign convertible currency (e.g., USD, GBP, or EUR) from your account abroad to the Ukrainian bank account. Editorial Team May 14, 2020 Immigration, Law. It’s already implemented numerous reforms aiming to improve its bureaucratic apparatus, eased the tax pressure on both individuals and companies, and has climbed upwards in terms of its economic attractiveness and foreign investment. Loss of a permanent residence permit. 8. The country is undergoing so many reforms, usually done very rapidly, at the request of both the European Union and the International Monetary Fund, which makes us confident it will continue to achieve higher levels of democracy and economic stability. . After the company with foreign capital is duly registered in Ukraine, it can perform any type of business activity, not prohibited by Ukrainian law and indicated in the statutory documents of the company (including investment activity, trade, services, export/import business activity, etc). . Apply for an ID document (i.e. Under Ukrainian law, all non-Ukrainian citizens, with the aim to reside in Ukraine, are obliged to obtain residence permits. Apply for a taxpayer ID (this does NOT make you a tax resident). It’s also not something we would recommend doing without first consulting a reputable immigration investment advisor. Investment Permanent Residence Permit. Quite the opposite. No dual citizenship. Or, perhaps you’ve heard about its favorable tax regime, its affordable cost of living, and its quick access to the European Union and would like to take a chance and invest in an up-and-coming economy. he Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of successWould you like to be next? and let’s talk about whether Ukraine is a good place for you to plant one or maybe even a few of your flags. That’s the path most commonly taken by real estate investors who want to benefit from a permanent residence permit in Europe but who don’t want to run an actual business or take on the added risk of doing so. If you would like to eventually become a Ukrainian citizen, or if you think you’re eligible to apply under citizenship by descent right away, you won’t be able to hold two citizenships at once and will need to renounce your original one. Currently i am about to extend my stay another year. AIDS), you won’t be eligible to apply. It’s Corruption Perception index places it 120th in the world. . Although the hot zones of Donetsk and Luhansk are quite far away from the main economic hubs, it can still be unnerving to know that the country is engaged in war. I would add restaurants and night life. Anyone interested in residing in Ukraine can do so by opening a company in the country and then using that company to purchase real estate. It has a very long and importabt history, really great parks and a lot of water with veey nice islands just 30 min walk from city center. Read more. After investment was made, the foreign national can apply for an immigration permit and after that – for a permanent residence permit in Ukraine. Ukraine is one of the world’s top grain exporters, but more importantly, the people are incredibly tech-savvy. It’s no secret that many people who go for the various residence by investment programs do so because they want to get citizenship in the country. Yes, there is a way to obtain the legal right to reside in Ukraine by applying for its citizenship by descent. You can obtain permanent residency in Ukraine by buying real estate property in Ukraine. If you’re interested in lowering the costs of operating your business by moving it to Ukraine, you can easily achieve that, thanks to. Like every other company in Ukraine, your business will be liable to pay profit tax and real estate tax if your company owns real estate that’s larger than 60 square meters. That’s not really great, due to the many implications such a move would have for you personally and financially. First, you can pay it in cash at a bank via a cashier; this can be any bank in Ukraine. Why Should Foreigners Invest in Ukraine To Get Ukraine Permanent Residency? Plus, the population of Ukraine is highly educated and there are multiple tech centers in the country, including Kiev and Kharkiv. The site provides unbiased, practical and up-to-date information on such topics as: Copyright © 2015-2018 Contact Ukraine Pte Ltd. All rights reserved. If you would like to eventually become a Ukrainian citizen, or if you think you’re eligible to apply under. You want to expand your business in Ukraine? And a lot of restaurants are outstanding compared to european average. Permanent & Temporary residence Ukraine Ukraine is getting popular as a destination for people wanting to live and work in a country with growing economic potential, hospitable people and near future prospects for membership in European Union and Schengen zone. All of the financial property, including real estate, will then become the property of the single shareholder of the company. Interested in finding out more? Ukraine’s history is marred by tragedy: the great famine of 1932 caused by the Soviets killed upwards of 10 million Ukrainians, after that, the country was then run down by both Hitler and then the Soviets once more. It’s a straightforward and speedy process. Finally Kiev is a wonderful city. Here are some of the most frequently asked questions about the program. Even though you have a residence permit in Ukraine, you’re not required to live there. Exporters, but only for the next time I comment protest and are actively trying to rid country. 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