Opportunities for investing Australian business in outsourcing and IT in Ukraine
Yes, exactly IT. As the market analysis shows, IT volume in the country's market increases by 20% annually.
Ukrainian IT sphere is developing thanks to:
- Talented and educated young Ukrainians;
- solid technical expertise;
- high English proficiency level (70% speak English at an upper-intermediate level);
- knowledge of emerging disciplines (Go, AI, big data, blockchain, etc.);
- Increasing the interest of foreign investors in the business of Ukraine in any area
- Freedom to do business.
In 2019, there were almost one and a half million programmers in Ukraine, and about 200 thousand of them worked for outsourcing.
The quality of IT from Ukraine speaks for itself: more than 20 companies from our country are included in the top 100 outsourcing companies globally, and analysts of the German IT company DAXX named Ukraine the №1 IT Offshore Company.
8.3% of the export of services from Ukraine is IT. And at the end of 2020, IT brought $5 billion to the budget.
Startups are actively developing in Ukraine: Ukraine took 34th place in the Global Startup Ecosystem Index 2021, ranking among 100 countries and 11th among European countries. Foreigners are actively investing in startups in Ukraine. For example, last year, the level of external financing was $571 million.
Of course, Ukraine is interested in comprehensive support of this area for its further development. Therefore, it creates special IT tax regimes beneficial for their participants, funds research centers, and collaborates with OBSE to strengthen cybersecurity.
If you are an Australian citizen interested in investing in your IT business in Ukraine, call GT Invest, and very soon, your business in Ukraine will start bringing you the desired profit.