Online-magazine
THE ENTRY POINT TO UKRAINE
Foreign business does not always have clear understanding of the situation in Ukraine, Ukrainian economy and market. Are there some difficulties with the Ukrainian economy? Without any doubt, the answer is “yes”. However, Ukraine has a lot of opportunities for business development.
Social and business interaction in Ukraine is regulated by etiquette which is very similar to the USA and Europe. Law and taxation systems of Ukraine are also very similar to the European ones. For big businesses that actively use VAT, it is something complicated, but for small enterprises the taxation system is quite easy, and the tax rates are more than moderate compared with other European countries.
Ukraine has very qualified, competent and inexpensive workforce. This is a significant advantage for businesses. In addition, Ukraine has qualified doctors, knowledgeable IT-specialists, sizable results in agribusiness, prospective potential in logistic area and good technical education base. In Ukraine you can develop complicated projects which will be significantly cheaper than in the EU but with the same quality. First of all, this is actual for all kinds of IT and high-tech projects. So high-tech projects which are EU-oriented are interesting to develop in Ukraine because of good potential profit.
As it was mentioned above, the most prospective areas for investment and business development in Ukraine at the present time are IT-projects and IT-outsourcing, agribusiness, food production, unmanned aerial vehicles design and production, light industry (clothes & shoes design and production), international logistic, private medicine and medical tourism as well.
Ukraine is very rich in old world culture. With many forms of art and architecture visible throughout the country and picturesque nature, it is easy to find something of interest no matter where you are. For the tourist, the openness and warmth of the Ukrainian people is unmistakable. So tourism and “green tourism” also can be considered as the areas for investment.
To have a successful business in Ukraine you have to follow these several simple rules:
Before starting any project you have to find good lawyers to explore the norms of Ukrainian legislation and possible legal risks and to prepare a good base for your assets protection. Local lawyers will help you with passing all business registration procedures and getting licenses if it is required. Also, they will provide your business with needed legal protection and support. The cost of legal and accounting support for businesses is also very moderate in our country. There are a lot of English-speaking and internationally certified specialists in law and finance.
Be very attentive to your potential partners and conduct a thorough check of their business reputation and the history of their business relations. This is also very important. There are a lot of legal issues to check the reliability of potential partners. Do not rush to sign any contracts – show them to your lawyers first.
You will also need high-quality PR and marketing support of your business. It means that you have to understand the local market, its traditions and consumer preferences. It is essential to have an adequate and efficient marketing strategy and proper PR support. And the final stage is efficient sales of your products or services.
By the way, Ukraine can serve as the foothold for your business in nearby countries like Poland, Romania, Hungary, Slovakia, Belarus, Moldova, Georgia and Turkey. It is useful from the logistics point of view and the availability of specialists who have working experience with these countries and markets.
If you need a professional, trusted and reliable partner in Ukraine, you can use the services of “Lipsky Marketing Group”Agency.
The Agency specializes in business development assistance at every stage of business growth, providing high-quality marketing and PR-services, organization of business events of high level with governmental bodies’ representative participation, government relations services, and media support of your business. Also, the Agency can assist you in getting very competent and reliable Ukrainian lawyers and accountants.
Don’t be afraid to start your business in Ukraine! This is the country with big possibilities and prospects!
Feel free to contact the Agency!
tel. +38 068 407-0000
E-mail: lipskygroup@gmail.com
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https://www.linkedin.com/in/lipskiy
