Building a Factory in Ukraine

by Olha Povaliaieva
Thursday, October 14, 2021
Building a Factory in Ukraine

It is well worth it due to its huge economic potential

Here are procedures that you will need to go through to set up your factory legally without breaking any laws;

  • Market research and analysis;
  • Strategy developments;
  • Search of a location;
  • Business registration and legal assistance;
  • Accounting and tax assistance;
  • Land purchase;
  • Obtaining permission to start construction works;
  • Construction;
  • Obtaining permission to put the facility into operation;
  • Recruiting and hiring personnel;

Another factor that affects the decision on how to build a factory in Ukraine is the type of equipment you would be using. The possibilities are endless, from wood to electric motors, CNC machining, and all kinds of machinery. 

Other factors that are essential for consideration when thinking about how to build a factory in Ukraine are types of raw materials for production. The most popular ones in Ukraine are metal, coal, wood. It is common knowledge that the economy of Ukraine is currently facing some tough times but it does not mean that you have to wait for the downturn to come around. You can start your own business right now and save up as much money as possible. One thing is certain if you play your cards right and take advantage of the many opportunities that are present, there is no telling how far your company can grow.

Remember that economic conditions in every country can change, so you should never expect the situation in your plant to remain the same. Hiring professionals and agents who are familiar with the procedure for starting production in any country in the world can save you from many harmful mistakes.

An interesting direction in Ukraine is the production of electric motorcycles. Electric bicycles are fast gaining popularity especially in the European countries where they are becoming more affordable. For example, a new e-bicycle model was recently launched in Poland and its price is lower than a mechanical bicycle. Another reason why electric bicycles are becoming so popular in Europe is that many of them are also capable of running on batteries rather than needing a motor to run.

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