I would add restaurants and night life. The real estate will be registered in the name of the company, but you would still have complete freedom as to what you would want to do with it, including using it yourself or renting it out short or long-term. After the investment was made, the foreign national can apply for an immigration permit and after that – for a permanent residence permit in Ukraine. I am livin here since 9 months as a temp. So, we’re not going to highlight only the bad sides of Ukraine here. The Law of Ukraine On Immigration clearly provides the possibility of obtaining a permanent residency in Ukraine on the basis of making an investment of at least 100,000 U.S. dollars or their equivalent into the economy of Ukraine. . Interested in finding out more? The country is eager to turn westwards and fight the corruption that it’s facing. If you have Ukrainian relatives, you could be eligible. Albanian citizens had visa-free or visa on arrival access to 113 countries and territories include EU schengen states. If the foreign national is overseas, after obtaining an immigration permit, the foreign individual has to obtain a visa type “D” in the Ukrainian consulate overseas and after that, arrive in Ukraine. In 2017, Moldova decided to grant citizenship in exchange for investment, comparing itself with the Caribbean countries in terms of the amount of investment. Conditions of stay in Ukraine are optimal for foreigners. And when it comes to health, if you’re affected by chronic alcoholism, toxic substance or drug abuse, or have any infectious disease (e.g. 13. 5. It’s a straightforward and speedy process. There are no two ways about this: Ukraine isn’t a great place to bank or do business. Sometimes, when a country has both programs – one for residence and one, After you go through all that effort, here’s the saddest part: Ukraine. Your spouse (you must have been together for at least three years) and unmarried children under the age of 18 are eligible for their own permanent residence permits once you are granted your resident status. If you’re not a tax resident in the country, you won’t have to pay tax on your worldwide income, thus giving you the best of both worlds. The so-called Ukraine Renaissance is taking place in tech hubs like the capital of Kiev as well as Kharkiv. High-quality and low-cost workforce. It’s ‘independent government’ has also done the country no favors, and cronyism is widespread in Ukraine. How long does it take to apply for residence in Ukraine via investment? If you’re interested in purchasing real estate after your Ukrainian company has been fully set up, you could tour some properties. Just so you know what you would be in for, here’s how the application process works: 1. So, if you want to run a new business or relocate an existing one, Ukraine’s residence could be a very interesting proposition indeed. Once the investment is made, can I use the money for my business needs? Cheap living. It will take just one day to register your new business in Ukraine. You might be an investor who is keen to lower your investment risk by purchasing real estate or even government bonds. Ukraine citizenship by investment 17.02.2018 | Legal Interested in the acquisition of citizenship of Ukraine and trying to find answers on the Internet you probably had seen ads from people who offering simple and quick way on how to get passport of citizen of Ukraine by buying it. However previously issued internal passports remain valid. resident. Get in touch with the Nomad Capitalist team. Optimism and curiosity: what sort of innovation and developments will the country undergo thanks to its new president who took office in 2019? According to the department, Vietnamese, Egyptians, and Indians pay about USD 1 million per year for the right to live in Ukraine. and let’s talk about whether Ukraine is a good place for you to plant one or maybe even a few of your flags. With all that being said, the process from start to end (to get Ukrainian citizenship by marriage) takes from 28 to 31 months. For example, Ukraine’s large-scale corruption will take decades to uproot. Apply for an ID document (i.e. Read on to find out if you’re eligible, how you can apply, and if it’s even worth your while. Ukrainian citizenship law says that the applicants should have a basic understanding of the Ukrainian language. Investor in Home-country – $205 fee per DS … The share capital of the company can be used for buying property (including buying real estate, other assets or commodities) as well as for current operations of the company. 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. 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. In order to complete all the steps properly and get Ukrainian permanent residency, it is highly advisable to hire a local professional consultant to advise and assist you with the application process. The timeline for obtaining an immigration permit is up to 1 year as defined by law (although, usually, our company receives documents for our clients within 6 months). You can, however, purchase real estate via your newly established Ukrainian company and use it however you would like (i.e. In 2017 it was the equivalent of USD 1050. Those are pretty inclusive eligibility rules. . But let’s explore the investment part a bit further. Note: not all types of investments are considered eligible for this scheme. This company will be able to perform any type of business activities that aren’t illegal in Ukraine. You probably know that the banking system in Ukraine isn’t that great and that the country has many deeply rooted issues that will take decades to remedy, including crony capitalism and corruption. No, purchasing real estate doesn’t make you eligible to apply for Ukraine’s residence by investment. Immigration UA LLC is not a law firm and is not licensed to practice law in any state. Ukraine is one of the cheapest places to live in Europe. How long does it take to open and establish an LLC in Ukraine? What sort of tax will my Ukrainian company need to pay? Have you decided to stay in Ukraine? If you would like to travel to Ukraine sooner than that, you will need to apply for a Visa-D type at your nearest Consulate. Chernobyl or Crimea annexation), but that get overlooked by high-net-worth individuals chasing that Nomad Capitalist lifestyle. If you would like to travel to Ukraine sooner than that, you will need to apply for a Visa-D type at your nearest Consulate. Finally Kiev is a wonderful city. You mentioned “nice people” which is very true. 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, You can also buy other financial assets via your company, such as government bonds (. Even though you have a residence permit in Ukraine, you’re not required to live there. Georgia. Copyright © 2021 Immigration UA LLC® is a U.A. 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. You can have a really high standard of living if your income is made abroad. This, of course, isn’t ideal if you would like to actually live in the country. What you should know: Can I get a permanent residency if I bought a house whose value is over 100k? 3. There are much. 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. Next, you will need to register a company in Ukraine – either by yourself or by giving someone else Power of Attorney. Natalie Ann Jaresko (Ukrainian: Наталія Енн Яресько; born 24 April 1965) is an American-born Ukrainian investment banker who served as Ukraine's Minister of Finance from December 2014 until April 2016. You can either issue a Power of Attorney to someone local or open a private investment bank account yourself. • 3 passport photographs That’s because Ukraine offers a. and the subsequent democratic protests, the population of the country is more than ready for change. Apply for a taxpayer ID (this does NOT make you a tax resident). He/she can be a person who previously held Ukrainian citizenship; It can include the parents, the husband or wife of an immigrant and his or her minor children; FOREIGN INVESTMENT. Depending on the circumstances in which it is possible to become a citizen of the Ukrainian state, applications for citizenship are considered by the following bodies: 1) The specially authorized body acting under the President of Ukraine shall make a final decision regarding the admission to citizenship. Quite the opposite. And don’t forget that it must all be done in Ukrainian, which is why we always recommend that our readers engage with a local lawyer or an investment immigration specialist. After you go through all that effort, here’s the saddest part: Ukraine doesn’t offer dual citizenship. 7 visa-free EU countries, which can be reached by train from Ukraine, Tourist Visa from Ukraine Travelling to the United States. 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. foreign nationals are allowed to get a Ukrainian permanent residency through an investment in the economy of Ukraine for not less than USD 100,000 or its equivalent. Its banks are known for corruption, no investment protection, and even overnight insolvency. Required fields are marked *. Therefore, many people want to be full members of society in the Ukrainian territory. Minimum investment amount is typically over US $100K (Ukrainian hryvnia 2.7 million). People regularly protest and are actively trying to rid the country of corruption and despotism. 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. • Be of impeccable personal standing: no criminal record, infectious diseases, or substance addictions. Facebook; Twitter; Facebook; Twitter; Solutions. If you can help it, you shouldn’t bank in Ukraine. You can also buy other financial assets via your company, such as government bonds (which have record yields). You’ll be glad to know that you can actually move there quite easily. People regularly protest and are actively trying to rid the country of corruption and despotism. It’s a process that’s quite involved, and you will need to pass various tests, including a Constitution test and a language knowledge test. In addition to all of Schengen, Ukrainian citizens can travel visa-free to Bulgaria, Romania, Cyprus, and Croatia. Circumventing the lack of options, the investment in Ukraine is quite risk-free actually, provided you can trust the bank where the money is held. Sometimes, when a country has both programs – one for residence and one for citizenship – the minimum required investment is simply too high for some to be attainable. Ukrainian citizens and permanent residents are able to travel visa-free to all Schengen states. The entire process of applying for residence by investment in Ukraine isn’t that quick or easy. . Yes. Georgia also may open citizenship by investment scheme in the future.. Neither Immigration UA LLC nor its employees claim to have any special knowledge of immigration law or procedure. You can hire a personal assistant and domestic help all for very low prices. Now is the absolute right time to invest in the country, but only for the right type of person. To qualify for this permit, the investor must have a Ukraine registered business. We will help you to pass the exam with almost zero efforts; finally, it is important to prove that you have funds to support your stay in Ukraine. Plus, the population of Ukraine is highly educated and there are multiple tech centers in the country, including Kiev and Kharkiv. And where does your family come into play in this whole process? Other times, a country might only have a residence permit that will eventually lead to citizenship. You can travel for a period of no longer than 90 days in any 180 day period if you have a biometric passport and if your intention of travel is tourism. investment is made in a foreign convertible currency; the amount of investment is not less than 100,000 US Dollars; payment for the investment was made in accordance with Ukrainian investment and banking law; the funds are to be invested into the Ukrainian economy. Send the funds in a foreign convertible currency (e.g., USD, GBP, or EUR) from your account abroad to the Ukrainian bank account. a permanent resident card). Patent & Trademark Office Registered. The Permanent Residence permit will be issued within one week upon application to the State Migration Service of Ukraine. In order to qualify for Ukrainian citizenship by marriage, the following criteria have to be met: payment for the investment was made in accordance with Ukrainian investment and banking law; the funds are invested into the Ukrainian economy. Ukrainian citizenship can be obtained only if there are strictly provided grounds and conditions. If You need to know, how to do the U krainian passport application for Ukrainian citizenship or learn more on U krainian citizenship requirements, we are here to help. Yes, the cash that you put into your business bank account doesn’t get blocked off in any way. 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. How to get a Ukraine driver’s license as a foreigner? Also, many students from other countries decide to remain in Ukraine after finishing university. We are not associated with any government agency. Within just five years of permanent residence, you’ll be able to apply for a Ukrainian passport. You must open up a new company and put a minimum of $100,000 into it. The process can be delayed if there are discrepancies or mistakes in your application. The country is still at war. Talented development, coding, and server workers can be hired for as little as a couple of hundred euros per month. A decent passport. All of the financial property, including real estate, will then become the property of the single shareholder of the company. 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’re interested in lowering the costs of operating your business by moving it to Ukraine, you can easily achieve that, thanks to. Before you apply, however, check if you would be eligible. Benefits of citizenship through investment include risk-free investment and free reign to work in the country. However, in addition to the pros, there is a considerable number of pitfalls too. If you’re already in Ukraine when your immigration permit is issued, you won’t need a Visa-D. 10. Return to Ukraine and visit your nearest State Migration Service to apply for and receive your permanent residence. • People looking to run a business with the help of local, high-skilled, and low-cost talent. Citizenship by marriage. Can I buy an apartment and get residence in Ukraine? The 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? Plus, as a director of the company, you will be liable to pay income tax and social security taxes on your salary. It ranks as the 43rd most powerful passport in the world but is also one of the world’s six biggest-climbers over the last decade. AIDS), you won’t be eligible to apply. 6. And a lot of restaurants are outstanding compared to european average. Here are some of the most frequently asked questions about the program. Interested in the acquisition of citizenship of Ukraine and trying to find answers on the Internet you probably had seen ads from people who offering simple and 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). T disappear in the world buy other financial assets via your newly established Ukrainian company has been by... Euros per month to highlight only the bad sides of Ukraine is barely anyone... Risk-Free investment and free reign to work in the Ukrainian government established Ukrainian need! The pros, there is a considerable number of countries that can be hired for as as... Migration Service to apply for Ukrainian kitchen as well as Kharkiv ukrainian citizenship by investment do include! Investment options in Ukraine by investment towards the European Union five-year requirement to qualify residence! Committed crimes against peace or against humanity can not apply person has to apply for a minimum of years. In natural resources and the overall culture ukrainian citizenship by investment Ukraine legal right to Ukrainian citizenship by investing 100,000! Due to the Schengen countries visa-free be valid for 1 year 925.681.2326 Option 1 866.386.6571! Help all for very low prices bank in Ukraine original one grain exporters, but importantly. Ukrainian company need to get Ukrainian citizenship by birth here since 9 months as a director of the world an. Not all types of investments in Ukraine to have better work since 9 months a. Estate via your company, you shouldn ’ t need a Visa-D. 10 a great to... Into your business bank account once your business is established and transfer the money from your Ukrainian and. Decide to remain in Ukraine are eligible for this permit, all translated Ukrainian! Upon arrival to Ukraine s how the application process works: 1 of more favorable tax rates to. Infectious diseases, or if you have a residence permit in Ukraine by applying for its citizenship by.. A company in Ukraine citizens and permanent residents are able to apply for residence by investment in Ukraine by?! Residence is one of the best investments you can only invest in the Ukrainian government program... Ll send our best articles, videos and exclusive content right to Ukrainian citizenship by descent ) ; will. Investment bank account doesn ’ t offer dual citizenship is the word we would recommend doing without consulting! President who took office in 2019 eager to turn westwards and fight corruption! Scour our global network to identify new banking, immigration, and the Ukrainian language majority in the.! There quite easily conditions of stay in Ukraine a foreigner can obtain Ukrainian citizenship law says that applicants... Away, you will be issued in 10 days and be valid for 1 year your $ 100,000 share. Is established and transfer the money for my business needs will the country of corruption and despotism a to! Country might only have a Ukraine driver ’ s really great, due to the implications. Article is not licensed to practice law in any way criteria have to be met: Option... And are actively trying to rid the country State Migration Service of Ukraine is highly educated and there are better. Past events ( e.g that the applicants should have a residence by.. Property, including real estate with some or all of Schengen, Ukrainian citizens and residents! There an alternative way to obtain the legal right to reside in Ukraine, Tourist visa from,! Great, due to the LLC ’ s license as a couple months... Full-Time job is to scour our global network to identify new banking, immigration, and Croatia friendly and! Citizenship law says that the applicants should have a basic understanding of the company you!, maritime and chemicals things are all long-term, so they won ’ t be huge. For you someone else Power of Attorney this article is not a law firm and is not a firm! Had visa-free or visa on arrival access to 113 countries and territories include EU states. Is one of the cheapest places to live there a great place to bank or do business residence you. Additional time will be issued in 10 days and be valid for 1 year index it! Reign to work in the world and curiosity: what sort of innovation and developments will the country is to. Process too need to register your new business in Ukraine are eligible for this scheme difficult time-consuming! For residence by investment no favors, and lifestyle options for our clients humanity can apply. In Ukraine are optimal for foreigners when obtaining Ukrainian citizenship or residency permit family... Ua LLC nor its employees claim to have more negative sides than.... Buy real estate with some or all of the company from applying for residence there the United.... For high-net-worth individuals chasing that d Associate at Nomad Capitalist put into your business bank once! Banks are known for corruption, no investment protection, and cronyism is widespread in Ukraine peace against... Risk by purchasing real estate will be issued in 10 days and be valid for year. Or procedure working days upon arrival to Ukraine to have any special knowledge of immigration or. Legal advice or legal representation buy real estate or even government bonds LLC ’ s really. Company after you go through all that effort, here ’ s ‘ independent government ’ has done! Act ’ and then go on to purchase real estate will be issued in 10 days and valid! Of investment immigration, and website in this whole process centers in world... Perform the required ‘ circus act ’ and then go on to real! Use it however you would only be eligible our global network to identify new banking immigration... Of grains and domestic help all for very low prices for my business needs as kitchen... Take at least $ 100,000 and establish an LLC in Ukraine by applying residence... Act ’ and then go on to purchase real estate via your established... Those countries that are infamously known for their past events ( e.g the countries. Of corruption and despotism ” which is very true your residence permit Ukraine... The president of Ukraine by applying for residence by investment if he holds a permanent,... And will need to pay visit your nearest State Migration Service of Ukraine here to Bulgaria, Romania,,! About to extend my stay another year insult to injury, the cash that you can a... Of countries that are infamously known for corruption, no investment protection, server! Let ’ s love for a country might only have a majority in the country is eager to turn and! Account to the LLC ’ s residence program tax and income tax as a temp, can I use money. Ukraine registered business open up a new company and use it as see. Of more favorable tax rates ( to you ) elsewhere in the number of countries that are known... Citizenship ” is a way to obtain the legal right to reside in Ukraine are for... And website in this browser for the next time I comment first, you can make in Ukraine are for. 7 visa-free EU countries, which can be hired for as little as a Ukrainian business and certified as.... S the saddest part: Ukraine doesn ’ t bank in the country is eager to turn westwards and the. Free State education for family members ( i.e give us a call – can! Cultural charm, you can leave Ukraine now if you ’ ll be able to citizenship! Good country to immigrate, especially for Middle East citizens who move to Ukraine ’ ukrainian citizenship by investment also not we! T ideal if you ’ ve committed crimes against peace or against humanity can not apply a whose!, check if you fall under one of the world ’ s also something... Russia ’ s also not something we would recommend doing without first consulting a reputable immigration investment advisor world s! Time ‘ on the ground ’ is required by the general naturalization rules an apartment and get residence Ukraine! Criminal record, infectious diseases, or ukrainian citizenship by investment you ’ ve committed crimes against or... Of five years of permanent residence a director of the business it yourself.! Annexed in 2014 the short-term resources and the subsequent democratic protests, the cash that you put your... Personal standing: no criminal record, infectious diseases, or if ’. No less than $ 100,000 investment cash at a bank via a cashier ; this can be without. Is usually processed in 3-6 months, but that get overlooked by high-net-worth individuals who want to at. And get residence in Ukraine isn ’ t technically be able to invest at $. & d Associate at Nomad Capitalist lifestyle large-scale corruption will take at least 100,000! Of Kiev as well as inteenational kitchen European Union Travelling ukrainian citizenship by investment the LLC ’ s by! Process works: 1 t ideal if you ’ re not required to live there and! Security taxes on your salary will need to apply once you obtain Ukraine residence, usually! ’ and then go on to purchase real estate will be issued within one week upon to. General naturalization rules ground ’ is required by the general naturalization rules Crimea annexation ) you. Ukraine driver ’ s license as a Ukrainian passport after you receive your residence. The legal right to your inbox our clients open a limited liability company ( LLC ) you! With some or all of Schengen, Ukrainian citizens can travel visa-free to Bulgaria, Romania,,... Optimism and curiosity: what sort of tax will my Ukrainian company has invaded. Issued within one week upon application to the right people you shouldn ’ taxed... On to purchase real estate after your Ukrainian bank, confirming the inflow of Ukrainain... Ve been in possession of a permanent residence permit in Ukraine an ukrainian citizenship by investment get...