Espreso. Global

uResidency launched in Ukraine, allowing foreigners to register, operate businesses

27 September, 2024 Friday
17:41

Ukraine has launched uResidency, a program that enables foreigners to establish sole proprietorships, operate businesses, and pay taxes

client/title.list_title

Ukraine's Digital Transformation Minister Mykhailo Fedorov announced this on September 27.

“Becoming an e-resident in Ukraine is easier and more cost-effective than starting a business anywhere else in the world, with a tax rate of just 5%,” he stated.

How to become an e-resident

To become an e-resident, simply fill out an application on the uResidency portal or app, which takes about 5-10 minutes. After submission, your application will be reviewed, and you’ll receive a Certificate of E-Residency (CEP) at the consulate - no need to visit Ukraine.

Once you have your CEP, you can register your sole proprietorship online. From there, all interactions will be automated.

“We have fully automated reporting. The bank will calculate your taxes, file declarations, and handle all bureaucratic tasks without any physical interaction with institutions. Everything is done automatically, without human intervention. You won’t need to pay for an accountant or lawyer; the system manages all of that, allowing you to focus on your business,” Fedorov explained.

He added that the first e-residents have already opened bank accounts and are pleased with the results.

Currently, uResidency is available to citizens of India, Slovenia, Pakistan, and Thailand. The government aims to involve around a thousand e-residents in the initial phase, with plans to expand the program to more countries later on.

  • Over the past two years, more than 20,000 permanent and temporary residence permits have been issued to foreigners through the Diia app in Ukraine.

Tags:
Read also:
  • News
2024, Saturday
12 October
20:08
94 clashes occur on Russian-Ukrainian frontline, with Russia pushing in Kurakhove direction
19:40
OPINION
On war fatigue and ending scenarios
19:15
Military expert comments on North Korean soldiers in Russia
19:02
Exclusive
Russia fails to fully benefit from capturing Vuhledar - former U.S. Army Commander in Europe
18:35
Russian army strikes civilian car with FPV drone in Kupyansk, injuring two
17:59
OPINION
NATO's perspective: Ukraine is not Germany
17:33
Ukrainian football coach awarded Golden Cross killed in action
17:02
Six days later: Crimean oil depot fire still burning after Ukrainian attack
16:33
Exclusive
Three reasons Moscow won't use nuclear weapons, according to political scientist
16:02
Russian army attacks warehouses in Ukraine's Mykolaiv region in random strikes
15:29
Over 300 chaplains from 13 religious organizations serve in Ukraine’s Armed Forces
15:05
Exclusive
Resource factor may play decisive role in battle for Toretsk - military expert
14:43
Interview
War in 19: Ukrainian combat medic Sandra on Hospitallers, her love for people, and Sudzha
14:12
Russia conducts 21 strikes in Donetsk region, killing two, wounding three people
13:40
Review
Russian army conducts assault operations in Kursk region, intensifies offensive with use of equipment in Kupyansk sector. Serhiy Zgurets’ column
13:01
OPINION
What are allies preparing for Ukraine?
12:33
Army chief Syrskyi: "Ukraine has positive dynamic in destroying enemy targets with drones'"
11:59
Russia plans to manufacture Shahed drones at captured factories in Ukraine
11:35
Russian forces attack Ukraine with Shaheds, KABs overnight
10:59
Russia loses 1,290 soldiers in one day of war in Ukraine
10:33
Ukrainian military destroys Russian fuel depot in Luhansk region
2024, Friday
11 October
21:28
Slovakia intends to expand repair base for Ukrainian military equipment
21:05
Europe won't be secure until Ukraine is in NATO - former U.S. ambassador
20:47
Updated
Ukraine to share list of journalists in Russian captivity with Vatican after Zelenskyy-Pope meeting
20:31
OPINION
What's behind word 'peace'?
20:08
Deceased journalist Roshchyna held in Russian detention center known for brutal torture
19:49
Affiliate Material
Rebuilding Ukraine: Sumy region's recovery from Russian occupation
19:30
Exclusive
Delivery of Mirage 2000-5 fighter jets to Ukraine set to outpace F-16 timeline
19:12
Ukraine’s strikes on ammo depots poise Russia to face shell crisis - Estonian intelligence
18:55
78 clashes occur at front on Oct. 11: Ukraine's General Staff names hottest areas
18:33
Affiliate Material
Reconstruction progress in Odesa region: сompensation timeline, application process
18:10
Scholz pledges €1.4 billion in aid for Ukraine during talks with Zelenskyy
17:51
Exclusive
Russia's advance in Kupyansk sector: Ukrainian military reveals strategic objectives
17:32
Interpol-wanted Islamic State member detained in Kyiv
17:13
Russian troops advance in Toretsk, reinforce defence near Chasiv Yar - Ukrainian military
16:54
Russia damages at least 1,641 schools in Ukraine, destroys 201 more
16:36
OPINION
Is Ukraine just one step from NATO and victory?
16:15
Exclusive
Kim Jong-Un will not send troops to Ukraine due to U.S. threat — Ukrainian general
15:59
Russian troops face logistical crisis following destruction of Feodosia oil depot — Atesh guerrillas
15:41
Exclusive
Ukrainian general names timeline for delivery of French Mirage aircraft
More news