The full-scale Russian invasion has forced thousands of Ukrainian entrepreneurs to relocate abroad. Many operated through Ukrainian FOP (sole trader) or LLC structures that are now difficult to maintain while living outside Ukraine.
Diia City offered a simplified 5% income tax and no profit tax for Ukrainian tech companies. For founders who have left Ukraine, the practical ability to use Diia City is reduced — Cyprus offers a comparable low-tax environment with full EU legal certainty.
EU Temporary Protection allowed Ukrainians to live and work across the EU. As this status evolves, establishing a more permanent residence basis — through a Cyprus company directorship or employment — provides greater long-term certainty.
Ukrainian founders need SEPA-accessible EU bank accounts, Stripe and PayPal merchant accounts, and professional invoicing infrastructure. A Cyprus company provides all of these out of the box.
Review current legal status in Cyprus or EU, confirm temporary protection documentation or visa pathway.
Company registered, bank account opened, director appointment, registered office.
Rental agreement, ARC (Alien Registration Certificate) application, tax registration with Cyprus TIC.
60-day or 183-day rule met, non-dom application submitted, Ukraine tax de-registration planned.
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Legal Disclaimer: This page is for general informational purposes only and does not constitute legal or tax advice. Tax laws change frequently. Always seek independent professional advice tailored to your specific circumstances before making relocation or tax planning decisions.