Ukraine today
- Ukraine continues to live and work no matter what. The government works, businesses pay taxes and salaries.
- Many people remained, and most of them have already resumed work. There are those who are looking for a new job. This also applies to the IT sector. Especially now, the value of a competitive worker in the market has fallen.
- The government easily compromises with business, because they both understand that they are allies. Public authorities are working almost completely, and companies are still paying taxes.
Now Ukraine is an opportunity for business. The ability to hire qualified personnel, the ability to pay less taxes, and the ability to suffer less from compliance with the state.
You can work as a foreign company. But it is much more profitable to structure the business "on the spot", through the registration of a company or individual entrepreneur. This gives more stability and opportunities for hiring staff.
The issue of money in Ukraine is being resolved quickly. An account for a new company opens in 20-30 minutes *. Banks make transfers quickly, and financial monitoring has no questions about transfers of less than UAH 400,000 (in the case of a transfer of UAH 400,000+, documents on the source of these funds must be provided). This allows you to start quickly, earn and spend money.
The tax regime for the IT sphere - Дія.City** is especially effective.
WHY YOU NEED TO ENTER ДІЯ.CITY?
The main advantage of Дія.City - taxes.
Source: https://city.diia.gov.ua/
Tax and other advantages:
- tax for residents - 9% tax on withdrawn capital, ie paid only when withdrawing profits from the company;
- personal income tax - 5%;
- tax on dividends - 0% if they have not been paid within two years;
- facilitated registration of foreigners as "gig specialists";
- tools of English law for investors;
- possibility of remote work for citizens of Ukraine, foreigners and stateless persons.
However, admission requires company to:
- carries out one or more activities in the field of IT;
- have amount of the average monthly salary is not less than 1200 euros;
- have average number members of a team is at least nine people;
- have amount of income of a legal entity for IT activities is not less than 90 percent of the amount of its total income;
- have no circumstances provided by law for a legal entity.
In case of joining Дія.City on special conditions of the startup, the number of requirements is reduced to 1, 4 and 5 points, and the amount of income cannot exceed UAH 7.585 million. The legal entity must have existed for less than two years.
During martial law, residents will not be deprived of their status if they do not meet the requirements, and it is not necessary to submit a report on compliance and an audit opinion.
Such benefits together with a team of people will boost the vertical and horizontal growth of the company, and the whole process of structuring and joining Дія.City will take about two months ***.
During the 3 months of Дія.City existence, 230+ companies became residents, including MEGOGO, FavBet, Liga.Zakon, Revolut, Gameloft and others.
Such benefits together with a team of people will boost the vertical and horizontal growth of the company, and the whole process of structuring and joining Дія.City will take about two months ***.
this option is not possible for the beneficiaries of the company from RB and RF.
** for the beneficiaries of the company from RB and RF entry is ineffective.
*** time for delivery of documents is not taken into account.
HOW CAN WE HELP?
The Ukrainian office of REVERA will help you with structuring your business, namely:
- creation of a company;
- opening accounts;
- registration of specialists;
- joining Дія.City;
- corporate governance of the company.
If, as a result of the war, most of your top management and executives have left the country and you need to continue, we offer a corporate governance package that includes:
- concluding agreements to ensure the company's activities;
- interaction with banks, accountants, government agencies;
- personnel issues;
- legal support of current operations
That is – solving organizational issues quickly and professionally. This is especially necessary if:
- You have a team of developers in Ukraine that needs to be organized in the most profitable way;
- You have difficulty building a stable cash flow in today's world.
If you are interested, please contact / write / send a letter: e-mail t.tereshchenko@revera.legal.
