Video Briefing

The Wandering Investor: How to get Residency in Ukraine

Dec 8, 2023Video Briefing16:30Watch on YouTube

Ukraine’s residency landscape has shifted dramatically since the war began, with new requirements, shortened permit terms, and a handful of niche pathways that appeal to volunteers, investors, and IT professionals. Below is a practical overview of who is moving to Ukraine now and how foreign nationals can obtain temporary or permanent residency under the current rules.

Who is relocating to Ukraine

  • Western volunteers and aid workers – many arrive on a visa‑free 90‑day stay, then look for a legal way to extend their stay while assisting NGOs or humanitarian projects.
  • IT specialists – the sector is a priority for the government; qualified workers can secure permanent residency with relatively modest salary thresholds.
  • Real‑estate investors – despite the conflict, property prices have remained low, attracting foreign buyers who view Ukraine as a post‑war investment opportunity.
  • Traditional third‑country migrants – arrivals from low‑income regions have dropped sharply because regular air connections are unavailable.

Main residency routes (post‑war updates)

Route Key requirements Permit length Notes
Company registration (formerly the simplest) • Register a Ukrainian company
• Pay taxes and social contributions
• Minimum personal salary ≈ $100 / month
2 years (reduced from 3) The salary floor is low, but the requirement to pay taxes and contributions makes the option less attractive for many foreigners.
Volunteer‑based residency • Documented involvement with a recognized volunteer or humanitarian organization 1 year Considered a “cheap” and straightforward way to stay for a short term.
IT specialist permanent residency • At least 3 years of IT experience within the last 5 years (broadly defined)
• Salary ≥ $24 000 / year (≈ $2 000 / month)
• Clean criminal record
Permanent (life‑time) Managed by the Ministry of Digital Transformation, not the immigration office. Processing time cut from 12 months to 6 months.
Real‑estate investment residency • Invest at least $100 000 in a Ukrainian company (the investment must flow through the company, not a direct property purchase)
• Maintain the investment for the duration of the permit
2 years (subject to renewal) Capital controls mean sellers often prefer cash, crypto, or foreign‑account transfers; bank transfers in foreign currency are restricted.
Bond purchase for foreigners • Buy Ukrainian government bonds (e.g., 20 % interest in local currency, 5 % in dollars)
• No Ukrainian bank account or tax residency required
No residency granted, but provides a tax‑free income stream for existing residents Bonds can be purchased online via banking apps.

Banking, capital controls, and tax considerations

  • Capital controls – Ukrainian banks limit foreign‑currency withdrawals; funds must be converted to hryvnia (UAH) before use. Online card purchases are capped at roughly $50 000 per month, with a $200 000 three‑month limit. The IMF is urging a relaxation of these controls, and some easing is expected.
  • Cash‑heavy transactions – Because of the controls, many property sellers accept physical cash, crypto, or transfers to foreign accounts they already hold.
  • FOP (private entrepreneur) regime – During the war the turnover tax was 2 %; it reverted to 5 % in August. The structure allows low‑tax income (≈ 2 % of turnover) and can be used to move funds into Ukraine, including for real‑estate purchases.
  • Tax residency – If you become a Ukrainian tax resident and have no obligations elsewhere, certain income streams (e.g., bond interest) are tax‑free.

Practical advice for prospective residents

  • Assess your primary purpose – Volunteers should secure documentation from the host organization; investors may prefer the company‑registration route or the IT permanent residency if they meet the salary and experience criteria.
  • Prepare salary documentation – For the IT and company routes, a bank statement or payroll slip proving the required monthly income is essential.
  • Plan for taxes and contributions – Even a modest salary triggers personal income tax and social contributions; factor these into your budgeting.
  • Navigate capital controls – If buying property, be ready to handle cash or crypto payments, and verify that the seller can accept the method you propose.
  • Leverage the FOP structure – For entrepreneurs, registering as a FOP can reduce tax liability on business turnover, but be aware that the 5 % tax rate will apply after August.
  • Consider the bond option – Purchasing Ukrainian government bonds offers a tax‑free return and does not require residency, making it an attractive supplemental investment for those already in the country.

By understanding the updated legal framework, salary thresholds, and banking realities, foreign nationals can choose the most suitable pathway to live, work, or invest in Ukraine despite the ongoing conflict.