IT Companies and Specialists: Relocation
Sergiy Barbashyn
Trustme Law Firm, IT attorney, managing partner at Trustme Law Firm
- When:
- 14.07.2022, 16:00–17:00
- Hall:
- Yellow Sea Hall (mix)
During the session, we will go over what IT specialists and companies need to be prepared for when relocating. We will look at the issue of ownership structure and options for doing business, the nuances of operating as a sole proprietor (FOP), taxes, bank accounts, temporary protection, and relations with Ukraine.
What the talk is about
Sergiy Barbashyn, an IT attorney, explains what IT specialists and companies should prepare for when relocating. He covers how tax residency is determined: the 183-day rule is not automatic, the centre of life interests matters, and a forced move because of the war leaves room to prove Ukrainian status. He also discusses foreign accounts for Ukrainian sole proprietors and the risks that payment services pose to the simplified tax regime. He then compares jurisdictions for a company: Estonia, Portugal and Poland, plus Lithuania and Bulgaria, in terms of taxes, bank accounts and hiring staff. He reminds listeners about controlled foreign company rules, the need to settle relations between partners, and the importance of transferring intellectual property rights to the company. Useful for IT specialists, sole proprietors and startup founders planning a move.