Choosing property
Renting out property in Ukraine
Typical rental prices in Ukrainian cities are usually 5-10% of the property value per year, or 0.8% per month. In other words, an apartment that would currently sell for $40,000 USD would probably cost $160-320 per month to rent.
Resultant Plus offers rental and property care services, allowing foreigners owners to not have to worry about their property at all. Owners can agree to pick up rent from us periodically or have the money deposited to their Ukrainian bank account.
Taxes on property rent
Money earned from renting out real estate is taxable in Ukraine. If owners are not Ukrainian tax residents, they must pay 26% on earnings from real estate rental, twice the rate of 13% for residents.
Owners of higher-end apartments or multiple properties may find it worthwhile to register as private entrepreneurs and pay a fixed monthly tax instead of percentage based income taxes on money earned from rent. This standard tax of around $40 USD does not change for any level of income related to entrepreneurial activities that amounts to less than 500 thousand UAH (nearly $100,000) per year.
Foreigners can also create a Ukrainian firm that will be a tax resident of Ukraine. This firm will pay different kinds of taxes on earnings and in addition, will be able to legally acquire non-privatized and agricultural land which non-residents are not able to acquire by law. After land has been privatized and developed, ownership may be transferred to the foreign owner through legal means.
Money that can be proved to having been legally earned in Ukraine may be transported or transferred out of the country with the necessary documentation.
