Immigration to Ukraine: A Guide for Foreign Investors
Immigration to Ukraine offers a pathway to permanent residency for foreigners willing to invest at least USD 100,000 in the country’s economy. This scheme mirrors similar investment-based residency programs in countries like the USA, Canada, and Singapore. To qualify, investors must meet the following conditions:
- Make the investment in a foreign convertible currency.
- Ensure the investment amount is no less than USD 100,000.
- Comply with Ukrainian investment and banking laws for payment.
- Direct the funds into the Ukrainian economy.
Understanding Investment in the Ukrainian Economy
Not all investments qualify for this immigration scheme. Simply purchasing property in Ukraine for USD 100,000 does not grant an immigration permit or permanent residency. Eligible investments include:
- Injecting funds into the share capital of a company registered in Ukraine.
- Engaging in joint investment activities within the country.
Once a foreign-capital company registers in Ukraine, it can conduct various business activities allowed by Ukrainian law, including investment, trade, and services. The share capital may also be used for purchasing property, assets, or commodities and for the company’s operational expenses.
After making the investment, the foreign national can apply for an immigration permit, followed by a permanent residence permit in Ukraine.
Step-by-Step Procedure for Immigration to Ukraine
Step 1: Apply for an Immigration Permit
Submit your application to the Migration Service of Ukraine if you are already in Ukraine, or to the Ukrainian Consulate in your country of residence if you are overseas. The law allows up to one year to obtain the immigration permit, but our company usually processes documents for clients within six months.
Step 2: Obtain Visa “D”
If you are overseas, after receiving your immigration permit, apply for a visa type “D” at the Ukrainian consulate. Upon arrival in Ukraine, you must apply for a permanent residence permit within five working days. If you are already in Ukraine, you can skip this step, as you do not need a visa.
Step 3: Apply for a Permanent Residence Permit
You will receive the permanent residence permit within one week after applying to the State Migration Service of Ukraine.
If you want to relocate to Ukraine sooner, consider applying for a temporary residence permit, which is valid for one year and renewable. Your Ukrainian company can employ you as a director and secure a work permit for you, which provides a legal basis for the temporary residence permit.
Summary
Foreign nationals can obtain permanent residency in Ukraine through an investment of at least USD 100,000 in the local economy. To navigate the process effectively and ensure compliance, hiring a local professional consultant is highly advisable. They can provide guidance and assistance throughout the application process, making your immigration to Ukraine smoother and more efficient.
