LITIKO at Diya.City: New Status, New Opportunities
LITIKO in Diia.City: New Status, New Opportunities
On June 14, 2023, IT integrator LITIKO joined the Diia.City special legal and tax space. This milestone has positively impacted the growth of both the company and its clients.
Why We Decided to Become a Diia.City Resident
Joining Diia.City helped our company withstand these challenging times, optimize tax expenditures, and provide our team with greater flexibility. For instance, streamlined tax accounting and a reduced tax burden allow LITIKO to immediately reinvest all earnings into development, accelerating our growth.
Membership in Diia.City serves not only as a “mark of quality” but also enhances our capability to compete for top talent, offering competitive salaries and excellent working conditions.
- The resident company independently chooses its preferred employment framework.
- In addition to standard labor code contracts or collaboration with individual entrepreneurs (FLPs), companies can leverage GIG contracts.
- Thanks to a fast and streamlined mechanism for obtaining operational permits, LITIKO LLC has gained the opportunity to export its services to the EU at prices lower than local competitors.
This approach has enabled us to attract and retain top-tier professionals. Today, LITIKO utilizes a flexible mix of full-time staff and GIG contractors, allowing the company to remain agile and adapt swiftly to labor market shifts.
“Joining Diia.City is a significant step forward for our team. This status unlocks new horizons for business development and enables us to deliver top-notch services to our clients. We are convinced that Diia.City represents much more than just tax incentives—it is a launchpad for Ukrainian IT companies to become global players. LITIKO is ready to seize this opportunity and scale as a successful international business,” noted Sergiy Lytvynenko, CEO and Founder of LITIKO.
Requirements to Become a Diia.City Resident
To qualify for Diia.City residency, companies must meet several criteria:
- First, they must be officially registered in Ukraine in full compliance with Ukrainian legislation.
- Second, their core operations must qualify as eligible tech activities, such as software development, artificial intelligence, or machine learning.
- Third, they must successfully pass an independent financial and legal audit, alongside a series of compliance checks verifying their local operations and ensuring the absence of any sanctions.
LITIKO LLC received a positive decision to join Diia.City following a comprehensive vetting process that confirmed the company’s full compliance with all mandatory requirements.
Diia.City: A Launchpad for Ukrainian IT Companies to Become Global Players
Securing “Diia.City” resident status offers Ukrainian IT companies an excellent opportunity to establish international partnerships and attract additional venture capital for expansion.
Diia.City provides its residents with a robust set of advantages that increase their appeal to international stakeholders:
- A transparent, favorable regulatory framework aligned with international standards.
- Flexible employment and working conditions.
- A highly developed infrastructure.
A growing number of Ukrainian IT companies within Diia.City are already actively collaborating with international enterprises and securing global investments.
We firmly believe that Diia.City has every potential to become the primary growth driver for the Ukrainian IT sector, helping our country evolve into one of the world’s leading technology hubs.
