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Published 22.04.2021 Igor Reutov
Bill #4303 “On Incentives for the development of the digital economy in Ukraine” worked out by the Ukrainian government provides a new legal framework for the IT industry in Ukraine. The Bill will create a new IT cluster, named ‘Diia City’ with favourable and flexible regulation making it clearer and more understandable for big companies when they enter the Ukrainian market. The Bill comprises specific features such as gig-contracts and gig-specialists that align Ukrainian business practice in the IT sector (including individual (private) entrepreneurs) with the expectations of big players who often lack understanding of such practices and have high-risk expectations.