Startups are one of the main areas for attracting external investment. Every year Ukrainian businessmen attract millions of dollars to their projects, bringing in hundredfold profits. For example, here is the volume of investments in several Ukrainian startups in 2020:
- Preply — $ 10 million;
- Allset — around $ 9 million;
- Dmarket — $ 6 million;
- Zakaz.ua — $5 million.
The bonus of doing business in Ukraine is that you can not only invest in someone else's startup and make a profit but also open your own. There are a lot of options: fintech, art, education, fashion, consumer goods manufacturing. In Ukraine, as in an emerging market, innovative ideas are accepted with enthusiasm and are quickly flooded.
The numbers speak for themselves: in 2020, foreigners invested $571 million in Ukrainian startups.
The Global Startup Ecosystem Index 2021 gave Ukraine 34th place in the world and 11th in Europe.
The Ukrainian state is also improving the conditions for young entrepreneurs and participants in the start-up market in Ukraine. For example, an employer and an employee may not follow the law but follow personal wage agreements. That is, the possibility of legal, mutually beneficial, and individual contracts is provided.
It is important to remember that when investing in another country, you should first analyze its market, the return on your investment, taxes in this country, working conditions. It may take you months to learn this. And with GT Invest, you will not spend a minute on this, and in a month, you will be able to launch your startup in Ukraine.