Are you planning to invest in a business in Ukraine? Then you are on the right track! Ukraine is one of the promising countries in terms of business and investment, especially in the agricultural and IT sectors.
With many business opportunities, you're probably wondering how to invest in a business in Ukraine. We're here to answer all your questions, whether you want to know how to invest in a small business or acquire a big factory in the country.
Tips on Investing in Ukraine
For starters, if you are a foreign national, you will need a regular current and savings account, as well as an investment account that allows foreigners to create investments in Ukraine. This will also permit you to repatriate profits and your capital outside the country, which is why it's the first step on how to invest in a new business.
Next up is to start a company, which is a pretty straightforward process and can be completed within 2 working days after all the necessary documents are ready and submitted. You will need a Ukrainian tax number, a local registered address, as well as a relocation visa (for those who want to relocate to Ukraine to operate the business). Investors will also need work and residence permits, especially when relocating to operate their companies in Ukraine.
When you are ready and eligible, you'll need to know how to invest in a business, namely, how to pay for it. You can either pay directly from an overseas account or open an investment bank account in the country.
And then you're done! Once you have your company name and established a place, it's time to begin strategizing and hiring people in the country to help make your business a success. Of course, there are still things you have to learn when it comes to hiring staff and creating more investments for your business (such as equipment and other assets), but this is a start.
Make sure you are aware of the labor agreements and other relevant laws of Ukraine before you hire or purchase anything. One thing to take note of is taxes as well, which should be paid yearly. The corporate tax rate is 18%, while the individual income tax rate is 18% + military tax.
It may seem daunting learning how to find a business to invest in or create a whole new one in a foreign country. That's why there are companies like GT Invest that can help make the process easier and quicker.
We provide various services for investors, from learning how to invest in a small business in Ukraine to provide the services to help create, register, and promote your business. From building any type of company to opening a new office and working on accounting and warehousing, we have the contacts and team of professionals to step up your game and help you grow in Ukraine's developing economy. If you're wondering how to find businesses to invest in, GT Invest has also you covered, as we can help you buy a factory, land, or property for your business to flourish.
For those now ready to take their investments to Ukraine, we can get you started, whether you want to create a new business or find one to purchase. Contact us now for more details, and we can find the solution most suitable for you!