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Ukraine to Cyprus, starting with the money.

Cyprus doesn't beat Diia City or the single tax on rate. It wins on money you can move freely, EU banking and tax-free dividends with non-dom status once you move yourself. So the plan starts with how the money can legally leave.

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  • Fixed prices
  • Eligibility checked before you pay
  • One team for the Cyprus side
Читати українською

What you keep, on the general system.

On the general system a Ukrainian company pays 18%, then 10% on the dividend. Move the slider to your own profit.

€200,000
In Ukraine
Corporate tax
−€36,000
Tax on dividends
−€16,400
You keep
€147,600
In Cyprus
Corporate tax
−€30,000
Health contribution (GeSY)
−€4,505
You keep
€165,495

More in your pocket+€17,895every year

More in your pocket +€17,895 every year

Ukraine: 18% corporate profit tax on the general system, then 5% personal income tax and the 5% military levy on a dividend from a Ukrainian company. Diia City at 9% on distributions, or single tax group 3, can cost less.

Headline rates for a founder who takes the profit out as dividends and has become Cyprus tax resident with non-dom status. Your own figures will differ. This is an illustration, not tax advice.

What follows you out of Ukraine.

There's no exit tax. The currency rules, CFC reporting and your residency are what follow you, so settle them with a Ukrainian adviser first.

  • You can't wire the capital from Ukraine

    Ukraine's wartime currency rules have no exception for a resident funding a foreign company. Fund the Cyprus company from money already abroad, the small personal monthly limits, or a specific permission from the National Bank.

  • Dividends out are capped

    A Ukrainian company can pay dividends abroad up to €1,000,000 a month, only from profit since 2023, once it's 12 months old and the shares have been held six months. Adding a Cyprus holding company to release older profit doesn't work.

  • CFC reporting applies now

    Ukraine's CFC rules, which can tax a foreign company's profit in your hands, need reports now. The penalty holiday covered only 2022 and 2023. Tell the tax office within 60 days of forming the Cyprus company, or pay UAH 998,400 per missed notice.

  • Your bank logins can make it Ukrainian

    A Cyprus company run from Ukraine pays Ukrainian tax at 18%. So does one whose bank accounts, books or staff are managed from Ukraine. Any one of the three is enough, so move all three to Cyprus.

  • Inheritance jumps to 18%

    Inheritance within the family is taxed at 0% only when both sides are Ukrainian residents. Once you're non-resident, what you inherit from a parent in Ukraine is taxed at 18%. Talk it through with your family before you set a date.

  • No exit tax

    Ukraine has no tax on leaving. If you move abroad for permanent residence, you file a tax declaration at least 60 days before you go and get a certificate that you owe nothing.

What Cyprus opens up.

Cyprus won't beat Diia City on rate. It gives you euro banking without a monthly ceiling and a place inside the EU.

Corporate tax
15%
One flat rate, with no local surcharges.
Tax on dividends
0%
As a non-dom, for up to 17 years.
Days a year for tax residency
60
Under the 60-day rule, with a home and a business here.
Wealth or inheritance tax
0
Cyprus has neither.
  • To live in Cyprus, Ukrainian citizens need the Pink Slip, the temporary residence permit for non-EU citizens. We check which route fits you and file it with you, and bring in an immigration lawyer where your case needs one.
  • While you're tax resident in Ukraine, a Cyprus dividend costs you 14%, so the saving needs you to move too. Running your Cyprus company counts towards the 60-day rule.
  • The tax treaty between Ukraine and Cyprus caps dividends at 5% or 10% and interest at 5%. The 5% rate needs a company holding at least 20% that invested €100,000.
  • An online store gets an EU VAT number, sells across the EU without import formalities, reports consumer sales in one VAT return and is paid in euros.

The move, in sequence.

Your own case sets the timing. Read this as an order of steps, not a schedule.

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  1. First

    Plan the money and the departure

    Agree how the Cyprus company will be funded under the currency rules. Plan your departure with a Ukrainian tax adviser, including the declaration due 60 days before you leave. We can recommend one if you need it.

  2. Month 1We do this

    Form the Cyprus company

    We register it with tax, VAT and VIES, and your books open the day you order. Your 60 days to notify Ukraine's tax office start on the registration date.

  3. Month 1 to 3We do this

    Books, banking and staff in Cyprus

    We keep your books on the Cyprus side from day one. Move the bank logins and staff management here too, because Ukraine looks at all three.

  4. Month 3 to 6We do this

    Pink Slip and a home

    We check which route fits you, prepare your Pink Slip application and file it with you, with an immigration lawyer where your case needs one. You become director of your Cyprus company and take the Cyprus home the 60-day rule needs.

  5. Month 3 to 6

    Close the FOP, plan the company

    Your Ukrainian adviser closes your sole-trader registration (FOP). Together you decide your Ukrainian company's future and time any dividend against the monthly currency limit.

  6. By 1 May

    File the CFC report

    Your adviser files the CFC report with your annual return and claims any exemption in it. A company that owes no CFC tax still has to report.

  7. From month 12We do this

    Tax residency and non-dom

    We register your Cyprus tax residency and non-dom status, then keep your day counts and Cyprus filings in order.

The Cyprus side, done for you.

Fixed prices, excl. VAT, agreed before you start. Government fees are charged at cost, on top of our fee, once your application is approved.

Questions Ukrainian founders ask.

Still unsure? Talk to a person on WhatsApp, or book a free call below.

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No. Ukraine has no exit tax and no wealth tax. If you leave for permanent residence abroad, you file a tax declaration at least 60 days before you go. The tax office then has 30 days to check it and issue a certificate that you owe nothing, which you show at customs.

There's no form to leave. Ukraine looks at where your home is, where your life is centred, whether you spend 183 days a year there and, last, your citizenship. Family living in Ukraine or an open FOP is enough on its own to place your life there. Your status is settled later, on the evidence, so build your file as you go.

Generally not through a Ukrainian bank. The wartime currency rules ban transfers abroad except in listed cases, and none covers a resident funding a foreign company. You can use money already outside Ukraine, the small personal monthly limits, or a specific permission from the National Bank.

Up to €1,000,000 a month, on four conditions. The dividend comes from profit for periods from 1 January 2023, the company pays it itself, the company is at least 12 months old, and the foreign shareholder has held the shares for at least six months. Older profit can't leave this way.

Yes, if you control it while you're resident, and the penalties apply now. The war holiday covered only 2022 and 2023. Notify the tax office within 60 days of forming the company, then file a yearly report with your return by 1 May. A missed notice costs UAH 998,400 and a missed report UAH 332,800. A company that owes no CFC tax still reports.

Often not, though you still report it. The rules catch a foreign company you control, usually by owning over 50%. Its profit is exempt if it pays an effective rate of at least 13%, if passive income is half or less of its income, or if all your foreign companies earn under €2,000,000 together. A 15% trading company clears 13%. One using Cyprus's 3% IP Box rate doesn't.

On company tax, usually not. Diia City charges 9% only when profit is paid out, and specialists pay 5% income tax. Single tax group 3 is 3% or 5% of turnover plus a 1% military levy, up to about UAH 10.1 million a year. Cyprus wins on money you can move freely, EU banking and VAT, and tax-free dividends with non-dom status once you really move.

Close the FOP. An open one alone lets Ukraine treat you as resident, and it pays the 22% social contribution in 2026. Your company (TOV) can carry on. Once you're non-resident, its dividends face 15% withholding unless the treaty lowers it, to 5% or 10% for a Cyprus company holding the shares. The monthly currency limit is the real constraint.

No. Under the 60-day rule you can be Cyprus tax resident with 60 days a year here, a home you rent or own, a business or job in Cyprus, and no more than 183 days in any other country. Running your own Cyprus company can count as the business. To live here you need the Pink Slip, the residence permit for non-EU citizens, and we file it with you.

Plan your move with us.

Tell us what you own and when you'd like to move. We'll tell you what applies, what it costs, and what to do first.

  • Which rules at home affect you
  • The order to do things in
  • A fixed price for the Cyprus side

30 minutes, by video, free

Moving from somewhere else?

All countries

Your move, one partner.

We form your company, apply for your residency with you and keep your books.

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