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ARTICLE · 25 FEBRUARY 2021

Ukraine Develops New Legal Framework For The IT Industry

According to the International Data Corporation, the IT industry seems to have been less hit by the COVID-19 crisis compared to other business sectors worldwide.

UkraineMedia, Telecoms, IT, Entertainment

According to the International Data Corporation, the IT industry seems to have been less hit by the COVID-19 crisis compared to other business sectors worldwide. The experience gained in 2020 will help to reshape not only companies but also governments and our day-to-day habits. Thanks to such know-how, IT becomes a valuable asset that helps countries to stimulate their economies.

N-iX researchers state that Ukrainian IT generates $5.4 Bn and grows by approximately 26% year on year. The Government is planning to boost the industry further so that it generates over $11,8Bn by 2025 and the key for it is "Dija City". This is a specific legal framework aimed at IT individuals and enterprises. Dija residents will benefit from minimal state regulation, lower taxation (5% and 9% instead of 18%), special employment conditions, IP protection guaranties, English Common Law and much more. The Project passed the first reading in the Parliament and the official launch is planned

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