Ukraine is standing in 130th freest in the 2022 index with a 54.1 freedom score. The country holds the 44th position in the Europe region for economic development. The country has developed and progressed its economy with Industrialisation.
Kyiv (Kiev), Kharkiv (Kharkov), Dnipropetrovsk, Odesa (Odessa)
IT Engineer, Data Scientist, Chief Financial Officer
The table below mentions the top local universities in Ukraine with world rank:
World : 1,118
World : 1,457
World : 1,840
World : 1,959
World : 2,012
Average salary data in Ukraine are mentioned below:
|Job Title||Average Monthly Salary (UAH)||Average Monthly Salary (USD)|
|Financial Manager||47,700 UAH||1287.01 USD|
|General Manager||40,700 UAH||1098.14 USD|
|Business Development Manager||37,600 UAH||1014.50 USD|
|Project Manager||29,500 UAH||795.95 USD|
|Financial Analyst||29,400 UAH||793.25 USD|
|Business Analyst||27,800 UAH||750.08 USD|
Workers are paid twice a month with an interval between payments not exceeding 16 days (advance payment and final salary payment). The bi-weekly cycle runs between the 15th and 20th of the particular month and the 31st and 7th of the following month.
Minimum wage in Ukraine is UAH 6,500.00 per month or UAH 39.26 per hour
Employees in Ukraine are paid double their hourly rate for overtime work.
Ukraine does not require a 13th-month bonus. However, some companies offer gratuities or performance bonuses each year.
Some of the benefits offered to Ukrainian employees are the following:
|Social Security Contributions||22%|
|Flat rate income Tax||18%|
|Mandatory Military Tax||1.5%|
There are four VAT rates in Ukraine: 20%, 14%, 7%, and 0%.
The contract can be terminated by the employee in the following cases:
The contract can be terminated by the employer in the following cases:
The notice period for both permanent and probationary employees is 2 weeks.
The employee is entitled to one month’s pay as severance pay.
Foreigners must have a work permit and work visa to legally work in Ukraine. The work permit will be applied for by their employer, while the work visa will be applied for by the employee. A work visa is valid only for 90 days, so employees will need to apply for a residence permit to remain in the country for a long period of time.