The Verkhovna Rada allowed foreigners to open a business in Ukraine online

Anna Kholodnova

The Verkhovna Rada (Ukrainian Parliament) approved draft law No. 5270 on e-residency in the second reading and as a whole.

This was reported by the Ministry of Digital Transformation.

In the near future, foreigners will be able to obtain e-resident status and open their business in Ukraine online, without a physical presence in it. 252 deputies of the Verkhovna Rada voted for this draft law.

The Ministry of Digital Affairs explained how to become an e-resident:

  • Apply online for e-residency status;
  • Pass an inspection in accordance with current legislation;
  • Pass identification at the consular institution, obtain the registration number of the taxpayerʼs account card and electronic signature;
  • Open a bank account and register as a sole trader.

The team of the Ministry of Digital Transformation is currently developing a web version and a mobile application of a digital signature for e-residents.