“Nokia” Entered “Diia.City”

by Roman Cheplyk
Saturday, March 25, 2023
“Nokia” Entered “Diia.City”

Membership in the Ukrainian legal/tax regime opens up favourable investment and IT security conditions for the manufacturer

Nokia has been operating in Ukraine for over 10 years. After the start of the Russian invasion of Ukraine, the Finnish company began to actively cooperate in providing telecommunications throughout our country's territory.

On March 25, Nokia entered Diia.City — a specific legal and tax regime for companies developing the Ukrainian IT sector. A simplified tax structure and enhanced intellectual property protection under the Diia.City collaboration will help Nokia attract venture capital investors and restart its success in Ukraine.

"Residency will give the company the best legal and tax conditions, tools for attracting venture capital investments and protection of intellectual property rights. Now the company can develop more actively in Ukraine and contribute to the development of the digital economy," Mykhailo Fedorov, minister of digital transformation of Ukraine.

It became known that Nokia plans to participate in the restoration of the communications infrastructure in Ukraine and strengthen the measures that have already been taken to help our state. In particular, from February 2022, the company handed over more than 5.000 routers for educational institutions in Ukraine.

At the start of the Diia.City project last year, 55 companies were its residents. And today — 496.

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