Ukraine offers permanent residency by investment to all foreign nationals and their families (spouses and children below 18). Permanent residence permits are issued by the Ukrainian Ministry of Interior. This entitles the person to the same rights as a Ukrainian citizen, except the right to vote.
Foreigners who want to live in Ukraine indefinitely and are prepared to invest USD$ 100,000 or more in the Ukrainian economy are eligible to apply for a Permanent Residence Permit (PRP).
The key benefits of the PRP are as follows:
Similar to investment-based permanent residence schemes in many other countries, such as the USA, Canada, and Singapore, Ukraine offers permanent residence to foreign investors subject to the following conditions:
Not all types of investment are considered eligible for this scheme. Simply buying a property in Ukraine for the required amount does not allow a foreign national to get an Immigration permit (and, as a result, the PRP). Therefore, if you wish to buy real estate in Ukraine and reside in Ukraine permanently, you can set up a company in Ukraine, inject the respective amount of share capital (not less than the equivalent of USD$100,000) and buy property in the name of the legal entity. After the required investment has been made, the foreign national can apply for an immigration permit and following that a permanent residence permit.
To obtain PRP, you will need to go through several steps as required by law. The key steps for getting PRP include:
Setting up a Company in Ukraine
In most cases, LLC is the most suitable business structure in Ukraine, as it is simple to register and maintain. The registration process takes only one working day. Before registering the company, the foreign national must:
Because all the documents need to be in the Ukrainian language and because of the complexity of Ukrainian regulations and registration process, it is highly advisable to engage the services of a professional legal adviser to complete the above steps.
Injection of Share Capital
Once the company is registered, you as the company shareholder will need to inject share capital for no less than $100,000 or the equivalent. To qualify, you have to top up the share capital of your company in the following way:
After the investment has been made, you need to get a certificate from the bank confirming your investment.
Application for Immigration Permit
Once the investment has been made, a foreigner can apply to the State Migration Service of Ukraine (if the foreigner is present in Ukraine) or a Ukrainian Embassy in the foreigner’s country of residence of a foreigner (if the foreigner is overseas at the time of application).
Along with the application, you will need to file the following documents:
The timeline for obtaining an immigration permit is up to one year as defined by law.
Application for Visa ”D”
After obtaining an immigration permit, a foreign individual who is present in another country has to obtain a visa type ”D” at a Ukrainian embassy or consulate before arriving in Ukraine. The foreigner must apply for a permanent residence permit within five working days upon arrival to Ukraine. This step can be skipped in the case on the day of approval of immigration permit such foreigner legally stayed on the territory of Ukraine.
Permanent Residence Permit
The Permanent Residence permit will be issued based on the immigration permit within 15 business days upon application to the State Migration Service of Ukraine.
As the procedure for obtaining permanent residency in Ukraine takes time, if you wish to relocate to Ukraine earlier, you can get a temporary residence permit (issued for up to three years and renewable). For that, the Ukrainian company founded by you can employ you as a director and get a work permit for you, which is legal grounds to obtain the temporary residence permit. Alternatively, if the investment is made for an amount of no less than $100,000, a temporary residence permit can be issued without employment in Ukraine.
The requirements and qualifications required to obtain Ukraine residency or citizenship are listed above in the “About Ukraine Citizenship and Residency” section.
Step 1: Submission of initial documents and signing of the investment agreement.
Step 2: Transfer of application fee.
Step 3: 1st trip to the Ukraine consulate for signing the relevant documents and POAs.
Step 4: The agent registers a company and opens a bank account in the name of the investor.
Step 5: The investor transfers the investment of USD$100,000 into his/her bank account.
Step 6: 2nd trip to the Ukrainian consulate for applying for an entry visa.
Step 7: 1st trip to Ukraine for submission of Application for Permanent residence.
Step 8: Approval of Permanent residence.
Step 9: 2nd trip to Ukraine, applying for and receiving Ukrainian ID card.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Ukraine, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
Want Privacy World to handle your case? Have any questions? Contact us!
Ukraine does not allow dual/multiple citizenships.
Foreigners may naturalize as Ukrainian citizens after living in the country for a continuous period of at least five years. Applicants must have been issued an immigration permit, demonstrate proficiency in the Ukrainian language, and renounce any foreign nationalities.
No, however, the main applicant’s spouse and unmarried children under 18 are eligible to become permanent residents after the main applicant is granted resident status.
Yes, it does require a personal visit.
Residents are taxed on their worldwide income, subject to the restrictions set forth by any applicable DTT.
Non-residents are subject to Ukrainian tax only in respect of their Ukrainian-source income (this, for example, includes income received by the individual from their employer, either resident or non-resident, about employment exercised in Ukraine) or, under conditions, investment profit from operation with non-Ukrainian investment assets if the issuers own Ukrainian subsidiaries.
There is no net worth/wealth tax in Ukraine.
There is no gift or inheritance tax in Ukraine. However, income received as an inheritance or gifts is subject to PIT at the following rates: