Foreign investors need to understand the process and requirements or hire their accountants to invest in Ukraine
Accounting for small businesses there should be straightforward with well-kept books. The investment climate is challenging because it's so new. If you're serious about coming here, make sure your team knows what needs doing before they arrive.
Vital steps to deal with accounting services in Ukraine:
- Make sure the accounting firm you hire is legitimate (firm or certified personal accountant;
- Disclose your financial situation to them in both countries to ensure the quality and accuracy of their services.
The accounting standards differ so that a company will prepare documents for your native country and one in Ukraine. As an international investor, you must keep financial statements prepared using Ukrainian UAH rather than the local currency. It is more accurate to record money movements during transactions or analyze business performance by comparing costs with revenue levels over time.
If you have a strong idea and want to implement it in Ukraine, let's act together! We know how to start a business and make it profitable!Make an appointment →