The Verkhovna Rada of Ukraine adopted the Law “On Stimulating the Development of the Digital Economy in Ukraine.”
💻 Diia City is a free special legal regime that gives IT companies access to:
➖ special tex reliefs;
➖ more flexible employment regulations;
➖ better IP rights protection;
➖ application of common law’s best practices;
➖ minimal government interference in the business of an IT company;
➖ guarantees of legislative stability for 25 years;
➖ the ability of participants in a legal entity with foreign participation to choose the applicable law to a corporate contract.
🚀 “Implementation of Diia City is an impetus for international IT companies to relocate their offices to Ukraine. It will lead to an increase in the competitiveness of the Ukrainian IT market, the creation of new jobs, an increase in the volume of significant foreign investment and tax revenues,” explained Stefan Khrystenko, a leading specialist of the Legal Affairs and Regulatory Policy Department at UkraineInvest.