On August 11, 2021, the President of Ukraine signed the law "On Stimulating the Development of the Digital Economy in Ukraine" No. 1667-IX, which was adopted by the Ukrainian parliament on July 15, 2021. The law will come into force the next day after its official publication.
On the same day, by order of the President of Ukraine No. 521/2021-rp, the members of the working group were approved, which was entrusted with the task of developing proposals to accelerate the economy innovative development.
Such regulations are aimed at the implementation of Diia City project, which provides incentives for the development of the IT industry and the creation of a powerful community of IT companies in Ukraine. It is expected that due to the attractive business conditions for its residents, Diia City project will be of Ukrainian and international IT companies', investment funds' and startups' interest.
Diia City residents are provided with the following special conditions:
To obtain the status of Diia City resident, the company is to indicate itself in a special register at the Ministry of Digital Development (the register will be created after the law entry into force).
Background: The law No. 1667-IX, adopted by the Verkhovna Rada, is among the draft laws packages that create the necessary incentives for the development of the IT industry. In the near future, the Verkhovna Rada of Ukraine is expected to consider draft law No. 5376 on the creation of special tax regimes for the IT industry (on June 2, 2021, the document successfully passed the first reading).