In a bold move aimed at fostering economic growth, Ukraine has taken a significant step towards attracting foreign investment and entrepreneurial talent.
In a bold move aimed at fostering economic growth, Ukraine has taken a significant step towards attracting foreign investment and entrepreneurial talent. The Ukrainian government has recently approved a groundbreaking regulation known as “E-Stay”, which allows foreigners to establish companies within the country's borders and conveniently pay taxes online. This forward-thinking initiative is poised to revolutionize the ease of doing business in Ukraine, making it an even more attractive destination for international investors and entrepreneurs.
The E-Stay initiative is designed to simplify the process of starting a company in Ukraine for foreign nationals. Historically, the bureaucratic hurdles associated with establishing a business in a foreign country deterred many potential investors and entrepreneurs. However, with the introduction of E-Stay, Ukraine is positioning itself as a business-friendly destination that welcomes foreign investment with open arms.
The government was issued by a mechanism obtained by a foreigner's residence via the Internet. An administrator from different countries can record the activity and transfer taxes to the Ukrainian system. Availability will be possible without the need to use Ukraine.
The Ministry of Digitization pointed out that the decision is valid before using the services.
“Services resulting from the e-residency, which will be launched after the release of work on the implementation and testing of the IT system” – notification of the Ministry.