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17 Nov. 2024

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Residence permit in Ukraine through the purchase of real estate: a guide for foreigners

For foreigners in UA
Finance
Documents
Ukraine
Residence permit in Ukraine through the purchase of real estate: a guide for foreigners

Foreigners can purchase real estate in Ukraine, but such a purchase has its own peculiarities and is not always a direct basis for obtaining a residence permit. Find out whether it is possible to apply for a residence permit when buying real estate in Ukraine and what are the nuances

Legal assistance on entry, stay and legalization of foreigners in Ukraine
Legal assistance on entry, stay and legalization of foreigners in Ukraine
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Foreign citizens and stateless persons can purchase real estate in Ukraine without any problems. However, this process has certain specific features and restrictions. We described in detail how a foreigner can buy real estate in Ukraine in our previous article. But whether the fact of purchase gives you the right to obtain a residence permit in Ukraine - let's find out further in the article.


Does the purchase of real estate entitle you to a residence permit?


Many foreigners are interested in the possibility of obtaining a residence permit in Ukraine through the purchase of real estate. It is important to understand that the purchase of an apartment or house is not a direct basis for obtaining a residence permit. However, there is a legal way to achieve this goal through investment.


How to obtain a residence permit through the purchase of real estate?


In order to obtain a residence permit through real estate, namely real estate investment, you need to invest at least USD 100,000 in the Ukrainian economy. It is important to understand the difference between a simple purchase of real estate by an individual and an investment through a legal entity. It is not possible to simply buy an apartment or house for your own residence and obtain a residence permit. The purchase of real estate will be considered an investment only under certain conditions.


Algorithm for obtaining a residence permit through real estate investment:


1. Registration of a legal entity in Ukraine

2. Deposit the required amount to the company's account

3. Purchase of real estate on behalf of the registered company


At the same time, a foreigner must own at least 51% of the company's management in order to obtain a residence permit.




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Peculiarities of real estate purchase by foreigners in Ukraine


With the right approach and professional support, the process of acquiring real estate and obtaining a residence permit can be successfully implemented. The main thing is to comply with all legal requirements and contact qualified specialists.



It should be borne in mind that Ukrainian law has certain restrictions on the purchase of real estate by foreigners.


● Prohibition on the purchase of agricultural land

● Possibility to purchase land plots only within the boundaries of settlements

● Permission to purchase land outside of cities only if it is used for real estate owned by a foreigner


Documents and procedures required


To purchase real estate, a foreigner must:

1. Obtain a TIN (identification code):

   ● Submit an application with a notarized translation of the passport

   ● Wait up to 10 days for the certificate to be issued

2. Open a bank account

3. Prepare the necessary documents for the purchase and sale transaction


To successfully obtain a residence permit, quickly register an LLC and safely purchase real estate, we recommend that you contact Visit Ukraine's professional lawyers. Our experts will:


● Help with the opening and registration of an LLC

● Provide full advice on the investment procedure

● Help with the inspection of real estate objects

● Provide full legal support of the transaction

● Assist with the preparation of all necessary documents, including a residence permit in Ukraine


Request a specialist consultation via WhatsApp, Telegram or the form on the website to learn more about the procedure and algorithm of actions or to receive full legal support.


We remind you! Anyone can register a limited liability company in Ukraine, but it is important to take into account some peculiarities of Ukrainian legislation. Read what you need to register an LLC in Ukraine and how to do it quickly and correctly in our previous article.


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




We recommend purchasing it for a safe and comfortable trip to Ukraine: 


Visit Ukraine Insurance – insurance covering military risks for entry and travel in Ukraine;

Visit Ukraine Car Insurance – car insurance with extended coverage in Ukraine;

Visit Ukraine Legal Advice – comprehensive legal support on entry to Ukraine;

Visit Ukraine Tickets – bus and train tickets to/from Ukraine;

Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;

Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.




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Frequantly

asked questions

How can a foreigner buy land in Ukraine?

According to Article 22(5) of the Land Code of Ukraine, agricultural land cannot be transferred to foreigners and stateless persons. Foreigners can only inherit agricultural land.

How many founders can an LLC have?

How much does a temporary residence permit cost?

Where can I get a residence permit for buying real estate?

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