Launch of uResidency: Program Is Available to Citizens of the First Four Countries — Pakistan, India, Thailand, and Slovenia

09/27/2024

Launch of uResidency: Program Is Available to Citizens of the First Four Countries — Pakistan, India, Thailand, and Slovenia

With the help of this program, freelancers in IT and other creative fields will be able to legally set up as individual entrepreneurs in Ukraine and run their businesses online from anywhere in the world  

uResidency is a government-backed program by The Ministry of Digital Transformation of Ukraine offering e-residency to foreign freelancers in the IT and creative sectors. With a focus on simplifying administrative processes, fostering global business opportunities, and providing favorable tax conditions, the project enables remote workers to thrive in a dynamic and supportive environment. 

Citizens from India, Pakistan, Thailand, and Slovenia can now become e-residents of Ukraine. The program's eligibility will progressively include more countries over time. 

Some freelancers have already completed beta testing and are now enjoying their initial benefits from the program:

— a favorable income tax rate of just 5% on earnings up to $180K, ensuring efficient financial management and increased profitability;

— a streamlined approach to business operations. The partnered bank handles tax filing, accounting, and reporting, eliminating bureaucratic complexities and paperwork burdens. E-residents will enjoy transparency with no hidden fees or unexpected costs, allowing them to focus solely on their business goals;

— mobility and digital convenience are key features. Users will seamlessly manage their business operations, including signing contracts remotely using e-signatures. All without the need for physical documents or debit cards. Participants in the uResidency program will get access to the app and conduct their entire entrepreneurial activities directly from their smartphones;

— location-independent business. E-residents will work from any location while maintaining a professional edge with uResidency's recognized legal status, which instills confidence and credibility among clients worldwide. 

To become a uResident, you simply need to follow these 4 steps:

  1. Apply on the website or mobile app.
  2. Await review of the application.
  3. Visit the Consulate of Ukraine in your country to finalize the procedure.
  4. Receive an e-signature, establish the business, and open a bank account online.

uResidency program is launched by the Ukrainian government and implemented by the Ministry of Digital Transformation of Ukraine. The project is implemented with the support of the European Union within the framework of the EU4DigitalUA and DT4UA projects implemented by the e-Governance Academy (Estonia). Communication support for the project is provided by the International and Ibero-American Foundation for Administrative and Public Policy (FIIAPP) within the framework of the EU4DigitalUA project.

09/27/2024