Ukraine recently introduced an e-residency program, dubbed uResidency, allowing foreign nationals to access services remotely. The initiative, inspired by Estonia’s success, aims to attract 1,000 residents and generate $1 million in tax revenue. Eligible for e-residency are individuals from India, Pakistan, Thailand, and Slovenia, primarily those in IT, gaming, digital technology, and online services.
The program offers benefits such as easy bank account opening and a low tax rate of 5% on annual incomes up to 180,000 euros. Despite ongoing challenges, Ukraine continues to modernize its economy.
Former Zhytomyr Mayor Serhii Sukhomlyn now leads Ukraine’s Agency for the Restoration and Development of Infrastructure, following a series of dismissals in the government. The agency’s previous head resigned due to restrictions, prompting concerns about Ukraine’s infrastructure protection.
The sale of an Ivano-Frankivsk plant for $63 million and the EBRD’s revised growth forecast for Ukraine are among the latest economic developments. Additionally, the Headway app, offering book summaries, has gained popularity in the digital age.