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THE CITIZENSHIP DESK

Options for Ukraine Nationals

Ukrainian citizens face the most acute relocation pressures of any major European nationality due to the ongoing war. EU Temporary Protection has stabilised the immediate displacement question — over 4M Ukrainians registered for protection across EU/Schengen states. Long-term routes for Ukrainians include EU residency via skilled employment, family reunification, and EU descent claims (Polish, Hungarian, Slovak, Czech, Romanian). The September 2024 Multiple Citizenship Law represents a fundamental shift toward permitting dual citizenship for the global Ukrainian diaspora — implementation in flux. Ukrainian-Canadian (~1.4M), Ukrainian-American (~1M), and Ukrainian-Brazilian (~600k) communities are the largest established diasporas.

Your Passport

Passport Rank

#32

Visa-Free

144

destinations

Dual Citizenship

restricted

Taxation Basis

residence based

Key Considerations for Ukraine Nationals

  • 01Ukraine's 2024 Multiple Citizenship Law (signed by President Zelensky September 2024) substantially permits dual citizenship for Ukrainians abroad and descendants of Ukrainians from 'friendly' countries — implementation regulations still being finalised in 2025-2026.
  • 02Wartime martial law (since February 2022) imposes mobilisation rules on male Ukrainian citizens ages 25-60 physically in Ukraine; diaspora-resident dual citizens have generally not been called up.
  • 03Ukrainian passport gained visa-free Schengen access in 2017; visa-free travel to ~144 destinations including the EU/Schengen Area, UK, Canada (eTA), and most of Latin America.
  • 04Ukraine became an EU candidate country in June 2022 and opened formal accession negotiations in June 2024; eventual EU accession would extend EU citizenship to Ukrainian holders.
  • 05EU Temporary Protection Directive (activated March 2022) provides residence + work rights across all EU member states for displaced Ukrainians; extended to March 2026 and likely further.
  • 06Ukrainian tax residents are taxed on worldwide income at a flat 18% PIT + 1.5% military levy; non-resident citizens are taxed only on Ukrainian-source income.

Program Restrictions

Sanctions Notice

Ukraine itself is not under any major international sanctions regime. Ukrainian-citizen banking is generally accessible internationally; the country benefits from a generally favourable post-2022 reception across Western jurisdictions. Russian-Ukrainian dual nationals face nuanced situations — Western banks generally accept them on Ukrainian citizenship while applying enhanced screening for Russian-citizenship aspects.

Tax Obligations

Ukraine operates a residence-based tax system. Tax residency triggers at 183+ days physical presence. Resident individuals pay flat 18% personal income tax plus 1.5% military levy (current wartime rate). Non-resident citizens are taxed only on Ukrainian-source income. Ukraine is on the FATF grey list (October 2022 onwards in connection with sanctions enforcement effectiveness, removed in 2023). Ukraine is part of the OECD CRS framework. Banking is generally accessible internationally for Ukrainian citizens (in contrast to Russian-citizen restrictions); some banks apply enhanced AML scrutiny on accounts of Ukrainian residents in border regions or with high-frequency cross-border activity.

Renouncing This Nationality

Available
Yes
Exit Tax
No
Fee
$250
Processing
~18 months

Voluntary renunciation requires Presidential decree and formal application via the Ministry of Foreign Affairs / consular sections. Wartime martial law has affected timing but not legal availability. Renunciation has been comparatively rare given the wartime context; many Ukrainians acquiring foreign citizenship have not formally renounced Ukrainian citizenship.

Military Service Obligation

Applies
Yes
Age Range
18-60 (wartime mobilisation 25-60 since 2024)
Alternative Service
Available

Banking Restrictions

Financial-compliance issues this nationality commonly faces globally.

UKRAINE WAS ON FATF GREY LIST BRIEFLY IN 2022-23 IN CONNECTION WITH SANCTIONS ENFORCEMENT EVALUATION; REMOVED 2023 BUT ENHANCED DUE DILIGENCE PERSISTS AT SOME BANKS.

Affects: enhanced-due-diligence

Best Second-Passport Options

Ranked by practical fit — not endorsements. Verify eligibility and current rules before acting.

  1. $1,000–$8,000

    Polish descent claims via Karta Polaka and grandparent / great-grandparent route are the most-used pathway for Ukrainians of Polish descent. Polish citizenship is full EU and Schengen — the highest-value second passport for most Ukrainians.

  2. $500–$3,000

    Hungarian simplified naturalisation for ethnic Hungarians of Ukrainian Transcarpathia (Закарпаття) — large eligible population given historical Hungarian presence. EU passport.

  3. $5,000–$15,000

    German EU Blue Card route for skilled Ukrainians; recent reforms (2024 Skilled Immigration Act, dual citizenship 2024) materially eased the pathway. Plus EU Temporary Protection convertibility for some categories.

Common Descent Pathways

  • polandup to 3 generations back
  • hungary
  • romaniaup to 3 generations back
  • slovakiaup to 3 generations back

Visa-Free Gain from Upgrading

Additional visa-free destinations gained by acquiring each citizenship on top of the current one.

Additional visa-free destinations gained by acquiring each second citizenship
Second Citizenship+ Destinations
poland+50
hungary+50
romania+35

Related Guides

Visa Programs Available to You

115 programs

Portugal D7 Passive Income Visa

Portugal PRT

Passive Income

Processing

2mo

Min. Income

$820/mo

Citizenship

5y

Verified 2026-04-20

Portugal D8 Digital Nomad Visa

Portugal PRT

Digital Nomad

Processing

2mo

Min. Income

$3,280/mo

Citizenship

5y

Verified 2026-04-20

Portugal Golden Visa (ARI)

Portugal PRT

Investment

Processing

6mo

Min. Income

Citizenship

5y

Verified 2026-04-20

Spain Non-Lucrative Visa

Spain ESP

Passive Income

Processing

3mo

Min. Income

$2,800/mo

Citizenship

10y

Verified 2026-04-20

Spain Digital Nomad Visa

Spain ESP

Digital Nomad

Processing

3mo

Min. Income

$2,800/mo

Citizenship

10y

Verified 2026-04-20

Italy Elective Residence Visa

Italy ITA

Passive Income

Processing

3mo

Min. Income

$2,750/mo

Citizenship

10y

Verified 2026-04-20

Greece Golden Visa

Greece GRC

Investment

Processing

4mo

Min. Income

Citizenship

7y

Verified 2026-04-20

Malta Permanent Residence Programme (MPRP)

Malta MLT

Investment

Processing

6mo

Min. Income

Citizenship

No

Verified 2026-04-20

Thailand Long-Term Resident (LTR) Visa

Thailand THA

Passive Income

Processing

1mo

Min. Income

$3,330/mo

Citizenship

No

Verified 2026-04-20

Thailand Destination Thailand Visa (DTV)

Thailand THA

Digital Nomad

Processing

1mo

Min. Income

Citizenship

No

Verified 2026-04-20

Malaysia DE Rantau Digital Nomad Pass

Malaysia MYS

Digital Nomad

Processing

1mo

Min. Income

$2,000/mo

Citizenship

No

Verified 2026-04-20

Malaysia My Second Home (MM2H)

Malaysia MYS

Retirement

Processing

3mo

Min. Income

$9,100/mo

Citizenship

No

Verified 2026-04-20

UAE Golden Visa

United Arab Emirates ARE

Investment

Processing

1mo

Min. Income

Citizenship

No

Verified 2026-04-20

UAE Virtual Working Programme (Remote Work Visa)

United Arab Emirates ARE

Digital Nomad

Processing

1mo

Min. Income

$5,000/mo

Citizenship

No

Verified 2026-04-20

Dubai Freelance Visa (TECOM / Free Zone Permit)

United Arab Emirates ARE

Entrepreneur

Processing

1mo

Min. Income

Citizenship

No

Verified 2026-04-20

Georgia Remotely from Georgia Programme

Georgia GEO

Digital Nomad

Processing

1mo

Min. Income

$2,000/mo

Citizenship

No

Verified 2026-04-20

Estonia Digital Nomad Visa

Estonia EST

Digital Nomad

Processing

1mo

Min. Income

$4,500/mo

Citizenship

No

Verified 2026-04-20

Costa Rica Rentista Visa

Costa Rica CRI

Passive Income

Processing

3mo

Min. Income

$2,500/mo

Citizenship

7y

Verified 2026-04-20

Mexico Temporary Resident Visa

Mexico MEX

Passive Income

Processing

1mo

Min. Income

$1,620/mo

Citizenship

5y

Verified 2026-04-20

Panama Friendly Nations Visa

Panama PAN

Passive Income

Processing

3mo

Min. Income

Citizenship

5y

Verified 2026-04-20

UK Skilled Worker Visa

United Kingdom GBR

Skilled Worker

Processing

2mo

Min. Income

$2,750/mo

Citizenship

6y

Verified 2026-04-20

UK Global Talent Visa

United Kingdom GBR

Skilled Worker

Processing

2mo

Min. Income

Citizenship

6y

Verified 2026-04-20

UK Innovator Founder Visa

United Kingdom GBR

Entrepreneur

Processing

2mo

Min. Income

Citizenship

6y

Verified 2026-04-20

Germany Freelancer Visa (Freiberufler)

Germany DEU

Entrepreneur

Processing

2mo

Min. Income

Citizenship

8y

Verified 2026-04-20

Germany EU Blue Card

Germany DEU

Skilled Worker

Processing

2mo

Min. Income

$4,170/mo

Citizenship

8y

Verified 2026-04-20

Germany Job Seeker Visa

Germany DEU

Skilled Worker

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-04-20

France Talent Passport (Passeport Talent)

France FRA

Skilled Worker

Processing

3mo

Min. Income

Citizenship

5y

Verified 2026-04-20

France Long-Stay Visitor Visa (VLS-TS Visiteur)

France FRA

Passive Income

Processing

3mo

Min. Income

$1,640/mo

Citizenship

5y

Verified 2026-04-20

Netherlands DAFT Visa (Dutch-American Friendship Treaty)

Netherlands NLD

Entrepreneur

Processing

3mo

Min. Income

Citizenship

5y

Verified 2026-04-20

Netherlands Highly Skilled Migrant (Kennismigrant)

Netherlands NLD

Skilled Worker

Processing

1mo

Min. Income

$4,000/mo

Citizenship

5y

Verified 2026-04-20

Ireland Critical Skills Employment Permit

Ireland IRL

Skilled Worker

Processing

3mo

Min. Income

$3,500/mo

Citizenship

5y

Verified 2026-04-20

Ireland Immigrant Investor Programme (IIP)

Ireland IRL

Investment

Processing

6mo

Min. Income

Citizenship

5y

Verified 2026-04-20

Turkey Short-Term Residence Permit

Turkey TUR

Passive Income

Processing

2mo

Min. Income

Citizenship

5y

Verified 2026-04-20

Turkey Work Permit

Turkey TUR

Skilled Worker

Processing

2mo

Min. Income

Citizenship

5y

Verified 2026-04-20

EB-5 Immigrant Investor Visa

United States USA

Investment

Processing

30mo

Min. Income

Citizenship

5y

Verified 2026-04-20

E-2 Treaty Investor Visa

United States USA

Investment

Processing

3mo

Min. Income

Citizenship

No

Verified 2026-04-20

O-1 Extraordinary Ability Visa

United States USA

Skilled Worker

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-04-20

Canada Express Entry (Federal Skilled Worker)

Canada CAN

Skilled Worker

Processing

7mo

Min. Income

Citizenship

3y

Verified 2026-04-20

Canada Start-Up Visa

Canada CAN

Entrepreneur

Processing

14mo

Min. Income

Citizenship

3y

Verified 2026-04-20

Canada Provincial Nominee Program (PNP)

Canada CAN

Skilled Worker

Processing

15mo

Min. Income

Citizenship

3y

Verified 2026-04-20

Australia Skilled Independent Visa (Subclass 189)

Australia AUS

Skilled Worker

Processing

9mo

Min. Income

Citizenship

4y

Verified 2026-04-20

Australia Global Talent Visa (Subclass 858)

Australia AUS

Skilled Worker

Processing

2mo

Min. Income

Citizenship

4y

Verified 2026-04-20

Australia Business Innovation and Investment (Provisional) Visa (Subclass 188)

Australia AUS

Entrepreneur

Processing

18mo

Min. Income

Citizenship

9y

Verified 2026-04-20

New Zealand Skilled Migrant Category Resident Visa

New Zealand NZL

Skilled Worker

Processing

9mo

Min. Income

Citizenship

5y

Verified 2026-04-20

New Zealand Investor 2 Visa

New Zealand NZL

Investment

Processing

9mo

Min. Income

Citizenship

5y

Verified 2026-04-20

Brazil Digital Nomad Visa (VITEM XIV)

Brazil BRA

Digital Nomad

Processing

1mo

Min. Income

$1,500/mo

Citizenship

No

Verified 2026-04-20

Colombia Digital Nomad Visa (Nómada Digital)

Colombia COL

Digital Nomad

Processing

1mo

Min. Income

$900/mo

Citizenship

No

Verified 2026-04-20

Argentina Rentista Residency Visa

Argentina ARG

Passive Income

Processing

3mo

Min. Income

Citizenship

2y

Verified 2026-04-20

Japan Highly Skilled Professional Visa

Japan JPN

Skilled Worker

Processing

2mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Japan Business Manager Visa

Japan JPN

Entrepreneur

Processing

2mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Japan Digital Nomad Visa

Japan JPN

Digital Nomad

Processing

1mo

Min. Income

$5,670/mo

Citizenship

No

Verified 2026-04-20

Singapore EntrePass

Singapore SGP

Entrepreneur

Processing

2mo

Min. Income

Citizenship

8y

Verified 2026-04-20

Singapore Employment Pass

Singapore SGP

Skilled Worker

Processing

1mo

Min. Income

$3,700/mo

Citizenship

8y

Verified 2026-04-20

Singapore ONE Pass (Overseas Networks & Expertise Pass)

Singapore SGP

Skilled Worker

Processing

1mo

Min. Income

$22,000/mo

Citizenship

8y

Verified 2026-04-20

South Korea D-8 Investor Visa

South Korea KOR

Investment

Processing

2mo

Min. Income

Citizenship

5y

Verified 2026-04-20

South Korea Digital Nomad Visa (Workcation Visa)

South Korea KOR

Digital Nomad

Processing

1mo

Min. Income

$7,080/mo

Citizenship

No

Verified 2026-04-20

India Business Visa

India IND

Entrepreneur

Processing

1mo

Min. Income

Citizenship

No

Verified 2026-04-20

India Employment Visa

India IND

Skilled Worker

Processing

1mo

Min. Income

$2,080/mo

Citizenship

No

Verified 2026-04-20

South Africa Critical Skills Work Visa

South Africa ZAF

Skilled Worker

Processing

6mo

Min. Income

Citizenship

10y

Verified 2026-04-20

South Africa Retired Persons Visa

South Africa ZAF

Retirement

Processing

6mo

Min. Income

$2,000/mo

Citizenship

10y

Verified 2026-04-20

Hungary Guest Investor Programme

Hungary HUN

Investment

Processing

3mo

Min. Income

Citizenship

8y

Verified 2026-04-20

Poland Temporary Residence Permit

Poland POL

Skilled Worker

Processing

2mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Lithuania Startup Visa

Lithuania LTU

Entrepreneur

Processing

2mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Thailand Non-Immigrant O-A (Retirement) Visa

Thailand THA

Retirement

Processing

2mo

Min. Income

$1,800/mo

Citizenship

No

Verified 2026-04-20

Panama Pensionado Visa

Panama PAN

Retirement

Processing

3mo

Min. Income

$1,000/mo

Citizenship

5y

Verified 2026-04-20

Mexico Temporary Resident Visa (Retirement)

Mexico MEX

Retirement

Processing

2mo

Min. Income

$2,800/mo

Citizenship

5y

Verified 2026-04-20

Greece Financial Independence Visa (Type D)

Greece GRC

Retirement

Processing

3mo

Min. Income

$2,200/mo

Citizenship

7y

Verified 2026-04-20

Costa Rica Pensionado Visa

Costa Rica CRI

Retirement

Processing

5mo

Min. Income

$1,000/mo

Citizenship

7y

Verified 2026-04-20

Thailand Privilege (Elite) Visa

Thailand THA

Investment

Processing

1mo

Min. Income

Citizenship

No

Verified 2026-04-20

Italy Digital Nomad Visa

Italy ITA

Digital Nomad

Processing

2mo

Min. Income

$2,500/mo

Citizenship

10y

Verified 2026-04-20

Italy Investor Visa (Visto per Investitori)

Italy ITA

Investment

Processing

3mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Indonesia Golden Visa

Indonesia IDN

Investment

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-04-20

Australia Working Holiday Visa (Subclass 417)

Australia AUS

Skilled Worker

Processing

1mo

Min. Income

Citizenship

No

Verified 2026-04-20

Canada IEC Working Holiday

Canada CAN

Skilled Worker

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-04-20

Japan Specified Skilled Worker (SSW) Visa

Japan JPN

Skilled Worker

Processing

2mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Malaysia Premium Visa Programme (PVIP)

Malaysia MYS

Investment

Processing

3mo

Min. Income

Citizenship

No

Verified 2026-04-20

Colombia Pensionado / Retirement Visa (M-10)

Colombia COL

Retirement

Processing

2mo

Min. Income

$900/mo

Citizenship

5y

Verified 2026-04-20

Brazil Retirement / Passive Income Visa (VIPER)

Brazil BRA

Retirement

Processing

3mo

Min. Income

$2,000/mo

Citizenship

4y

Verified 2026-04-20

Georgia Small Business / Individual Entrepreneur Visa

Georgia GEO

Entrepreneur

Processing

1mo

Min. Income

Citizenship

10y

Verified 2026-04-20

Estonia Startup Visa

Estonia EST

Entrepreneur

Processing

2mo

Min. Income

Citizenship

8y

Verified 2026-04-20

Philippines Special Resident Retiree's Visa (SRRV)

Philippines PHL

Retirement

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-04-20

Philippines Special Investor's Resident Visa (SIRV)

Philippines PHL

Investment

Processing

3mo

Min. Income

Citizenship

No

Verified 2026-04-20

France Talent Passport — Salaried Employee (Salarié Qualifié)

France FRA

Skilled Worker

Processing

2mo

Min. Income

$4,400/mo

Citizenship

5y

Verified 2026-04-26

France Talent Passport — Innovative Startup Founder (Création d'Entreprise)

France FRA

Entrepreneur

Processing

2mo

Min. Income

Citizenship

5y

Verified 2026-04-26

France Talent Passport — Researcher (Chercheur)

France FRA

Skilled Worker

Processing

2mo

Min. Income

Citizenship

2y

Verified 2026-04-26

UK Ancestry Visa

United Kingdom GBR

Family

Processing

1mo

Min. Income

Citizenship

6y

Verified 2026-04-26

Israel Aliyah (Law of Return)

Israel ISR

Family

Processing

6mo

Min. Income

Citizenship

0y

Verified 2026-04-26

Croatia Digital Nomad Visa

Croatia HRV

Digital Nomad

Processing

1mo

Min. Income

$3,140/mo

Citizenship

No

Verified 2026-04-26

Romania Digital Nomad Visa

Romania ROU

Digital Nomad

Processing

2mo

Min. Income

$4,030/mo

Citizenship

8y

Verified 2026-04-26

Mauritius Premium Travel Visa

Mauritius MUS

Digital Nomad

Processing

1mo

Min. Income

$1,500/mo

Citizenship

No

Verified 2026-04-26

Mauritius Permanent Residency (Property Purchase)

Mauritius MUS

Investment

Processing

4mo

Min. Income

Citizenship

5y

Verified 2026-04-26

Indonesia Second Home Visa (B211B)

Indonesia IDN

Retirement

Processing

2mo

Min. Income

Citizenship

10y

Verified 2026-04-26

Saudi Arabia Premium Residency (Iqama Mumayazah)

Saudi Arabia SAU

Investment

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-04-26

US H-1B Specialty Occupation Visa

United States USA

Skilled Worker

Processing

6mo

Min. Income

Citizenship

11y

Verified 2026-05-05

US L-1 Intracompany Transferee Visa

United States USA

Skilled Worker

Processing

4mo

Min. Income

Citizenship

10y

Verified 2026-05-05

US F-1 Student Visa

United States USA

Student

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-05-05

US J-1 Exchange Visitor Visa

United States USA

Student

Processing

2mo

Min. Income

Citizenship

No

Verified 2026-05-05

Switzerland B Residence Permit (Employment)

Switzerland CHE

Skilled Worker

Processing

4mo

Min. Income

Citizenship

10y

Verified 2026-05-05

Switzerland Self-Employment Permit

Switzerland CHE

Entrepreneur

Processing

6mo

Min. Income

Citizenship

10y

Verified 2026-05-05

Austria Red-White-Red Card

Austria AUT

Skilled Worker

Processing

3mo

Min. Income

Citizenship

10y

Verified 2026-05-05

Czech Employment Card

Czech Republic CZE

Skilled Worker

Processing

3mo

Min. Income

Citizenship

10y

Verified 2026-05-05

Czech Long-Term Residence — Investment / Business

Czech Republic CZE

Investment

Processing

4mo

Min. Income

Citizenship

10y

Verified 2026-05-05

Czech Digital Nomad Visa

Czech Republic CZE

Digital Nomad

Processing

2mo

Min. Income

$2,300/mo

Citizenship

10y

Verified 2026-05-05

Belgium Single Permit

Belgium BEL

Skilled Worker

Processing

4mo

Min. Income

Citizenship

5y

Verified 2026-05-05

Belgium Self-Employed Professional Card

Belgium BEL

Entrepreneur

Processing

6mo

Min. Income

Citizenship

5y

Verified 2026-05-05

Luxembourg Salaried Worker Permit

Luxembourg LUX

Skilled Worker

Processing

3mo

Min. Income

Citizenship

5y

Verified 2026-05-05

Italy Self-Employment Visa

Italy ITA

Entrepreneur

Processing

9mo

Min. Income

$9,500/mo

Citizenship

10y

Verified 2026-05-09

Germany Opportunity Card (Chancenkarte)

Germany DEU

Skilled Worker

Processing

4mo

Min. Income

Citizenship

5y

Verified 2026-05-09

Portugal HQA Visa (Highly Qualified Activity)

Portugal PRT

Skilled Worker

Processing

5mo

Min. Income

$26,000/mo

Citizenship

5y

Verified 2026-05-09

Greece Skilled Worker Visa (Type D)

Greece GRC

Skilled Worker

Processing

6mo

Min. Income

$30,000/mo

Citizenship

7y

Verified 2026-05-09

Sweden EU Blue Card

Sweden SWE

Skilled Worker

Processing

4mo

Min. Income

$5,800/mo

Citizenship

5y

Verified 2026-05-13

Sweden Self-Employment Permit

Sweden SWE

Entrepreneur

Processing

4mo

Min. Income

Citizenship

5y

Verified 2026-05-13

Sweden Job Seeker Visa

Sweden SWE

Skilled Worker

Processing

3mo

Min. Income

Citizenship

No

Verified 2026-05-13

NZ Active Investor Plus Visa

New Zealand NZL

Processing

9mo

Min. Income

Citizenship

5y

Verified 2026-05-13

Thailand O-X Long-Stay Visa

Thailand THA

Retirement

Processing

3mo

Min. Income

Citizenship

No

Verified 2026-05-13

Ancestry / Descent Options

Based on common ancestry patterns for Ukraine nationals.

Banking That Accepts Your Passport

20 options

Company Formation Jurisdictions

23 jurisdictions

UK Private Limited Company (Ltd)

Setup: $50

25% (19% for profits under GBP 50,000; marginal relief between GBP 50,000–250,000)

Banking: moderate

US Delaware LLC

Setup: $200

0% at state level (no Delaware state income tax on out-of-state activity); federal tax depends on election (pass-through by default or C-Corp election)

Banking: moderate

US Wyoming LLC

Setup: $100

0% at state level (no Wyoming state income tax); federal tax depends on entity election

Banking: moderate

Estonia OÜ (Private Limited Company)

Setup: $265

0% on retained earnings; 20% on distributed profits (unique deferred distribution tax model)

Banking: difficult

Dubai DMCC Free Zone Company

Setup: $8,500

9% UAE Corporate Tax (effective June 2023) on taxable profits over AED 375,000; 0% for Qualifying Free Zone Persons meeting substance requirements

Banking: moderate

Dubai IFZA Free Zone Company

Setup: $5,500

9% UAE Corporate Tax on profits over AED 375,000; 0% for Qualifying Free Zone Persons on qualifying income

Banking: moderate

Singapore Private Limited Company (Pte Ltd)

Setup: $400

17% headline rate; effective rate often 8–10% due to startup tax exemptions (75% exemption on first SGD 100,000 for first 3 years)

Banking: moderate

Hong Kong Private Limited Company

Setup: $500

16.5% standard; 8.25% on first HKD 2 million of assessable profits (two-tiered regime)

Banking: difficult

BVI Business Company (BC)

Setup: $2,000

0% (no corporate income tax, capital gains tax, or withholding tax)

Banking: difficult

Cayman Islands LLC

Setup: $3,500

0% (no corporate tax, income tax, capital gains tax, or withholding tax; 20-year tax exemption certificate available)

Banking: difficult

Portugal Lda (Sociedade por Quotas)

Setup: $1,200

21% standard IRC; 17% on first EUR 25,000 for SMEs; municipal surcharge up to 1.5%; RFAI and other incentives available

Banking: moderate

Georgia Individual Entrepreneur (IE) with Virtual Zone

Setup: $50

1% on turnover up to GEL 500,000/year (Small Business Status); 0% on IT/software exports for Virtual Zone Person status; standard rate 15% corporate + 5% dividend withholding

Banking: easy

Ireland Limited Company (Ltd)

Setup: $350

12.5%

Banking: moderate

Netherlands BV

Setup: $1,500

19-25.8%

Banking: moderate

Cyprus Limited Company

Setup: $2,000

12.5%

Banking: moderate

Malta Limited Company

Setup: $2,500

5% effective (via refund system)

Banking: moderate

Seychelles IBC (International Business Company)

Setup: $700

0% (offshore income)

Banking: difficult

Switzerland Aktiengesellschaft (AG)

Setup: $8,000

11.85% to 21.0% effective combined federal + cantonal + communal (cantonal variation extreme — Zug 11.85%, Geneva 14%, Zürich 19.7%)

Banking: high

Luxembourg Société à Responsabilité Limitée (SARL)

Setup: $4,500

24.94% combined CIT + municipal business tax + solidarity surtax (Luxembourg City). Lower in some communes.

Banking: high

New Zealand Limited Company

Setup: $80

28% flat

Banking: moderate

Australia Proprietary Limited Company (Pty Ltd)

Setup: $380

25% for base rate entities (turnover < AUD 50M); 30% for larger companies

Banking: moderate

Canada Federal Corporation

Setup: $200

15% federal + 8-16% provincial = ~23-31% combined depending on province (Ontario 26.5%, Alberta 23%, Quebec 26.5%)

Banking: moderate

Bulgaria EOOD (Single-Member LLC)

Setup: $700

10% flat (one of EU's lowest)

Banking: moderate

Citizenship by Investment

10 programs

Popular Destinations for Ukraine Nationals