Ukraine has chosen the path of full Eurointegration, directing its efforts towards building a civilized society with a high level of social development, transparent conditions for business, and economic growth of the country. By obtaining the status of a Candidate for accession to the European Union, numerous opportunities arise in the field of migration processes, making Ukraine more attractive to foreign investors and entrepreneurs.
The authorities provide significant benefits for business development as well as reduce the tax burden to support the country’s economic attractiveness. The European development vector stimulates migration processes, as foreign investments and a foreign approach to business contribute to economic growth and social improvement of the population.
Opening a business in Ukraine offers the opportunity to extend the stay beyond the regular regime by obtaining a temporary residence permit. Foreigners and stateless persons can stay in Ukraine to conduct business or appoint an authorized person as a director.
Establishing a company in Ukraine provides the opportunity to obtain a work permit and expands horizons for migration activity.
Why Ukraine is chosen for startups:
- Flexibility in conducting various types of business: Ukraine offers wide opportunities for launching and developing various types of entrepreneurial activities, allowing entrepreneurs to implement their ideas without unnecessary restrictions.
- Affordable cost of business startup: Starting a business and company registration for foreigners in Ukraine costs significantly less than in the European Union, making Ukraine attractive for budget-limited startups.
- Comfortable living environment: Ukraine is a multicultural country with a rich cultural heritage and history, which warmly welcomes people of different nationalities, making it an ideal place for living and business development, providing entrepreneurs with diverse opportunities for successful growth.
The term “business immigration” reflects the possibility of unhindered entry and residence of foreigners in the country for the purpose of establishing and managing business. This creates conditions for obtaining a temporary residence permit for three years and its subsequent extension. An important advantage is that family members of the immigrant also have the right to a temporary residence permit.
A temporary residence permit in Ukraine can be issued to a businessman in two cases:
- based on a work permit;
- or based on investments in the country’s economy in the amount equal to or exceeding one hundred thousand euros.
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Usually, foreign citizens choose the first option, first obtaining a work permit and temporary residence permit, and then launching their entrepreneurial activities. This is an understandable choice since not everyone can invest such a significant amount at once.
This approach allows foreigners to register a company with less monetary capital, become its managers, or choose other positions, obtaining a work permit, and receiving a temporary residence permit for three years. During this time, they can develop their business and prepare documents for permanent residency.
Navigating this process without qualified legal support is challenging due to the language barrier, lack of knowledge of Ukrainian legislation, and additional bureaucratic complexities. Therefore, it is wise to entrust the management of affairs to experienced professionals from the Lawyers and Realtors Association of Ukraine “AROU”.
