Is it possible to obtain a residence permit in Ukraine based on an investment?

Foreign citizens can obtain a permanent residence permit in Ukraine based on an investment. The relevant provision is contained in the Law of Ukraine “On Immigration”. Any foreign citizen who invests in the economy of Ukraine and proves that the funds were obtained legally can obtain a permanent residence permit.

In order to obtain a permanent residence permit through an investment, foreign citizens must invest in the economy of Ukraine an amount equivalent to $100,000 (US dollars) or more. In this case, the investment must be issued in accordance with the procedure approved by the Cabinet of Ministers of Ukraine.

Legal requirements for obtaining a permanent residence permit through investment.

In order for an investment to be considered a basis for obtaining a permanent residence permit, foreign citizens must make it taking into account the requirements of the law. They are as follows:

• the investment is made either by creating a new company or by purchasing an existing legal entity. An individual who wishes to obtain a permanent residence permit must be one of the founders;
• the investment is made in a convertible foreign currency. These include 14 currencies (including the US dollar, euro, pound sterling, Swiss franc, etc.), as well as precious metals;
• the investment amount is $100,000 or the equivalent in other currencies at the exchange rate on the day of the investment;
  to obtain a permanent residence permit, the investment must be registered with the Ministry of Economy;
  the invested money must have a legal origin with the possibility of confirmation (declaration of income of an individual, non-resident of Ukraine).

An important nuance: the funds must be invested in the economy, that is, the person must invest money for further profit. And this must be remembered if you want to get a permanent residence permit by purchasing real estate.

Is it possible to obtain a residence permit by purchasing real estate?

In Ukraine, purchasing real estate is not considered an investment. It does not matter whether you buy it for yourself or for further rental. According to current legislation, this is an investment for needs, therefore, the owner does not have the right to a residence permit.

However, it is still possible to obtain a permanent residence permit when purchasing real estate. The solution is to register real estate (apartment, office, warehouse, etc.) as an object for investment. That is, if an individual buys real estate not directly, but through a company, this is already an investment from the point of view of Ukrainian legislation. The mechanism looks like this:

• a foreign citizen (non-resident of Ukraine) opens a private enterprise in Ukraine;
• for this purpose, the organization contributes funds in the equivalent of more than $100,000 (US dollars);
• submits documents to the Ministry of Economy in order to register the funds as an investment;
• buys real estate after registration is completed.

Property purchased through a company is owned by the company itself – the property of a legal entity. Thus, it can already be considered an investment. To avoid any further issues, it is better to conclude a lease agreement with your own company. After some time, you will be able to register the property in your name as an individual.

What documents are required to obtain a permanent residence permit through investment in the economy?

If you decide to obtain a permanent residence permit based on an investment by purchasing real estate through a legal entity, you need to prepare the following package of documents. It includes:

• constituent documents of the LLC;
• an investment agreement (if any);
• a bank statement confirming that there is an amount equivalent to $100,000 in the account;
• a ​​passport, copies with a notarized transfer;
• a certificate of family status;
• confirmation of the place of residence abroad;
• the consent of the second spouse to the relocation of children (if the mother or father moves with children);
• medical certificates;
• a document confirming the absence of an outstanding criminal record.

All these documents, as well as receipts and checks for payment of state fees and duties, are submitted to the State Migration Service of Ukraine, which makes the decision.

The Zigma Law Firm offers clients services in obtaining a permanent residence permit through investment in the economy, including through the purchase of real estate. Our specialists and experts will provide advice, help open or buy a company, and represent your interests in all state bodies and instances. We provide turnkey services for obtaining permanent and temporary residence permits. Zigma is your opportunity to obtain the necessary documents in the shortest possible time and with a 100% guarantee.

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