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:
Local: 1
World : 1,118
Local: 2
World : 1,457
Local: 3
World : 1,840
Local: 4
World : 1,959
Local: 5
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 |
In order to hire an individual from Ukraine, the employer should have information about the employment laws and regulations along with leaves, allowances, and bonuses. This section provides all the information for them.
In Ukraine, the employment contract is mandatory. The employer has to provide the contract to the employee at the time of onboarding. The contract should mention all the terms and conditions with bonuses and allowances.
The probationary period for employees ranges from 1 – 3 months.
| Date | Holiday | Type |
| 1 Jan | New Year’s Day | National Holiday |
| 2 Jan | New Year Holiday | National Holiday |
| 7 Jan | Orthodox Christmas Day | National Holiday |
| 9 Jan | Orthodox Christmas Holiday | National Holiday |
| 8 Mar | Women’s Day | National Holiday |
| 16 Apr | Orthodox Easter Sunday | National Holiday |
| 17 Apr | Orthodox Easter Monday | National Holiday |
| 1 May | Labor Day | National Holiday |
| 9 Sep | Victory Day over Nazism in World War II | National Holiday |
| 4 Jun | Orthodox Whit Sunday | National Holiday |
| 5 Jun | Orthodox Whit Monday | National Holiday |
| 28 Jun | Constitution Day | National Holiday |
| 24 Aug | Independence Day | National Holiday |
| 14 Oct | Defender’s Day | National Holiday |
| 16 Oct | Defender’s Day Holiday | National Holiday |
| 25 Dec | Catholic Christmas Day | National Holiday |
| Type of Leave | Time Period | Mandatory |
| Annual/Earned Leave | 24 days | Yes |
| Sick Leave | 28 days | Yes |
| Maternity Leave | 17 weeks | Yes |
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:
| Category | Contributions |
| Social Security Contributions | 22% |
| Category | Contributions |
| Unemployment Fund | 0.6% |
| Category | Contributions |
| 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.
