Work and Business

Yes. Foreigners are allowed to purchase apartments, houses, and commercial properties in Kyiv.

Foreigners may purchase land intended for construction, but they are not allowed to own agricultural land.

Yes. The simplest option is to register as a sole proprietor (known locally as an FOP). To do this, you’ll need:

• a passport with a notarized Ukrainian translation
• a Ukrainian tax identification number (issued by the tax office)
• a registration application

Foreigners can also open a limited liability company (LLC). In this case, you’ll need:

• a passport with a notarized Ukrainian translation
• company charter documents
• a registration application
• proof of a legal address.

In general, foreign entrepreneurs pay the same taxes as Ukrainian citizens. The exact tax obligations depend on the business structure (FOP (PE) or LLC). Most foreigners choose the FOP format, so below is a simplified overview for that option.

FOP (PE) under the general tax system:

• Personal income tax: 18% of net profit
• Military levy: 1.5% of net profit
• Social security contribution: 22% of the minimum wage (paid even with no income)
• VAT: 20% (if registered voluntarily or if annual turnover exceeds 1 million UAH)

FOP (PE) under the simplified tax system (Group 3, the most common option):

• Unified tax (instead of income tax): 5% of revenue, or 3% of revenue plus VAT
• Social security contribution: 22% of the minimum wage (regardless of income)
• Military levy: 1.5% of revenue

Tax rules can be complex, so it’s best to consult a lawyer or accountant about your specific situation.

You’ll need to visit a bank branch with your passport and a Ukrainian tax identification number (issued by the tax office). The bank may also request a temporary or permanent residence permit and documents confirming the source of your income.