You won’t hear about this anywhere else than through The Wandering Investor. There is a little-known programme in Ukraine meant to foster innovation in the country. If you are an IT specialist, you can potentially easily obtain permanent residency in Ukraine.
Other than making headlines on CNN, and offering the highest rental yields in Europe, Ukraine is a thriving destination for tech investments due to a strong talent pool.
The USSR had many flaws, but the quality of STEM (science, technology, engineering and mathematics)teaching was certainly not one of them.
IT specialists can easily obtain Permanent Residency in Ukraine
The programme is typically meant for software developers, but other types of IT specialists can also qualify. It’s important to have a good lawyer who understands the process to build a good application.
You are expected to have worked in the space for at least 3 years, and to have earned a minimum of $24,000 per year.
In this video, I asked my lawyer Taras how the programme works and who can qualify.
“High-risk” nationals need not apply
Ukraine has a list of countries that it deems to be high-risk in terms of illegal immigration. This means that South Asians and Africans (except South Africans) are unlikely to be granted permanent residency this way.
Ukraine can be a tax haven for some people
Ukraine is not just pleasant, low-cost, and fun. It can also be a great tax base for some people.
It is possible to structure your affairs in a way that you would pay only 5% taxes on gross revenue of up to roughly $250,000.
There is a special entity called “FOP” which is a private entrepreneurship entity. Even non-residents can open one, and it is possible to open a bank account for it. Obviously you’d want to cross check with a professional in your country of tax residency to understand the implications on that side.
If you want to find out more about this special permanent residency programme in Ukraine for IT workers, and its pricing, more information here.
My lawyer Taras can also help people open FOPs. Feel free to send him an email: taras@thewanderinginvestor.com.
To a World of Opportunities,
The Wandering Investor
Other available services in Ukraine:
- An Independent Real Estate Buyer’s Agent and Renovation Manager in Kyiv
- A Real Estate Lawyer in Kyiv, Ukraine
- How to Obtain Residency in Ukraine
Articles on Ukraine:
- A real estate investment in Kyiv, Ukraine, with 18% gross yields?
- Kyiv Real Estate investment – a case study with exact numbers
- Is a real estate investment in Kiev, Ukraine, attractive?
- Highest Real Estate yields in Europe – Ukraine – $1250 per m2 with 19% yields in Kyiv
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I could not find any information on the Ukraine Embassy website (Canada). Looks like there is not much interest form OECD countries.
Reach out to Taras. He can help you apply if you’re interested. It’s a little-known program that typically embassy staff are not aware of. taras@thewanderinginvestor.com