The Finnish manufacturer of telecommunications equipment Nokia in Ukraine has joined the country’s current legal and tax regime for IT companies Diia.City, the press service of the Ministry of Digital Transformation reported on Saturday.
“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,” Deputy Prime Minister for Innovation, Education, Science and Technology Development, Minister of Digital Transformation Mykhailo Fedorov wrote on his Telegram channel.
Soon Nokia plans to create a separate group of experts to restore the telecom infrastructure of Ukraine. The company is a partner of the Ministry of Digital Transformation in the development of the Internet and communications in Ukraine. Since the beginning of the full-scale invasion, Nokia has donated 5,000 routers to Ukraine, which are already providing Internet shelters in schools.
The total number of Diia.City residents has increased to 496 companies, the Ministry of Digital Transformation said.
