A recent World Bank and International Finance Corporation report revealed that Ukraine ranks 137th among 185 economies globally on the ease of doing business, up 15 places from the previous year.
Is it easy to start a business in Ukraine?
Starting a business in Ukraine is an arduous process, involving seven procedures and 22 days. Unlike legislation in other countries, Ukrainian law does not allow investors to set up a partnership in the country or convert a representative office into a company.
How can I start business in Ukraine?
- Completed application for registration;
- Ukrainian tax ID (for each founder);
- Charter and the decision of founders regarding incorporation (for required businesses);
- Application on registration as a unified taxpayer or VAT payer;
Is Ukraine a good country for business?
Ukraine is the world's third-largest grain producer (behind the United States and the European Union) and has been a profitable country for foreign investors. Many major U.S. companies are represented here, particularly in the agriculture, consumer goods, and technology sectors.
What is the best business in Ukraine?
- Agriculture. Ukraine contains more than 1/3 of the richest soil in the world.
- Information technology and customer support services. This is the most fast-growing sector of the economy.
- Renewables.
- Privatization.
- Production and Manufacturing.
Can we do business with Ukraine?
Ukrainian law allows both citizens and foreigners to open a business. In recent years, as more foreigners start businesses in Ukraine, the procedure for the registration of a legal entity has been simplified and now takes only a few days.
Is it good to invest in Ukraine?
Investors have recognized that Ukraine has become a stable and predictable emerging market and that the availability of talented human capital and high-quality undervalued assets make Ukraine an excellent investment destination.
How can I open company in Ukraine?
- Application for registration.
- Decision of founders on incorporation.
- Company Charter (or decision to use the model charter)
- Application for voluntary registration as VAT taxpayer (if necessary)
What products does Ukraine produce?
The main Ukraine exports are raw materials (iron, steel, mining products, agricultural products), chemical products and machinery. This is a considerably increase of 48,5% since 2016. The EU exports to Ukraine amounted to over €24.2 bn in 2019.
What is the Ukraine best known for?
Ukraine is a country known for its beautiful and diverse landscape, well-preserved culture and tradition, beautiful women and a terrible nuclear disaster.