A turnkey business is a business that is already established and ready to operate, requiring minimal effort from the buyer to set up and start running. Some of the most profitable industries for turnkey businesses in Ukraine include IT, agriculture, and real estate.
IT is one of the fastest-growing industries in Ukraine, with a rapidly expanding tech talent pool and competitive labor costs. Ukraine's tech industry has seen significant growth in recent years, with many international companies establishing offices in the country. The industry has particularly strong prospects for growth in the fields of artificial intelligence, blockchain, and cybersecurity.
The agricultural sector in Ukraine is also a profitable industry for turnkey businesses, with the country being known as the "breadbasket of Europe." Ukraine has a favorable climate and rich agricultural land, making it an attractive location for farming businesses. In recent years, the Ukrainian government has implemented a range of reforms aimed at improving the business climate for agriculture, including simplifying land ownership laws and reducing bureaucracy.
Real estate is another industry with significant potential for turnkey businesses in Ukraine. The country has seen an increase in demand for commercial and residential properties, particularly in major cities like Kyiv and Lviv. The real estate market in Ukraine is relatively undeveloped compared to other European countries, offering opportunities for growth and development.
Overall, the growth prospects for these industries in the coming years look positive. The Ukrainian government has been implementing a range of reforms aimed at improving the business climate and attracting foreign investment, which is expected to drive growth in these industries. Additionally, Ukraine's favorable location and competitive labor costs make it an attractive location for businesses looking to expand their operations.