Guide to the Ukrainian market for foreign investors. Starting a business in Ukraine, order branding FINE digital Development Company: AI, Blockchain, IoT, Kyiv, Lviv, Odessa, Dnipro, Vinnitsa, Ukraine

Ukraine is a rich country, and its wealth consists not only of resources, but also of talented people. However, in comparison with European countries, our country has the lowest wages.

The professionalism of citizens is at the highest level, despite the low cost of payment. Unfortunately, the level of GDP per capita is extremely small, and the market is still undeveloped, both in the service sector and in the food industry.

Investments are needed to raise the economy of the state. But it is extremely difficult for a foreigner to start a business in our country. The machine of the bureaucracy works with tremendous power and in order to survive all the horrors of modern realities, you need to be patient.

Qualities that a potential businessman with foreign citizenship in Ukraine must have:

• will;
• legal literacy;
• stress tolerance;
• dedication and energy;
• lightning-fast learning.

It all depends on how the businessman will be disposed towards our powers that be, in other words, officials.

Problems and difficulties of the Ukrainian market in 2019

For foreigners, at first glance, everything in Ukraine is simple and clear, and there are no obstacles to starting a business:

• the amount of investment is small;
• low tax fees;
• the level of wages is low.

The first pitfall awaits a foreign businessman at customs. The investor faces a tedious and cumbersome procedure for obtaining all permits for activities. Foreign citizens do not have the opportunity to acquire land plots for construction or equipping warehouse and office premises.

One of the most serious obstacles for foreigners is corruption. We can observe the usual tendency: the issue is resolved faster depending on the height of the position held by the official. The judicial system also leaves much to be desired and affects the image of the state.

Foreign investors are trying to build their business in Ukraine, relying on their life experience. But it doesn't work here. It is necessary to refer to the peculiarities of the local mentality, complex laws and a whole range of factors affecting business development. A businessman will not be able to work according to European standards.

The next negative factor for business promotion is unstable currency. This puts any business in an uncomfortable heavy framework when selling goods.

Tips for aspiring businessmen in Ukraine

1. One among his own. The mentality of local residents depends on the region in which they live. An investor should carefully study both supply and demand in a given region. An example is the cheese market and dairy branding, which is slightly weaker in the southern regions than in the northern regions.
2. To understand what a Ukrainian lives and breathes, you must definitely live here or hire a director of a local specialist company.
3. The principle of friendly relations with neighbors. It is necessary to take into account the individual human characteristics of partners before starting a business in Ukraine.
4. The indicators of other countries do not work. You do not need to use market factors in Europe or the CIS. It is necessary to assess the real potential and characteristics of the Ukrainian market. For example, renting a room in Kiev costs almost the same as in Barcelona or Milan. And in the Dnieper - the cost is close to Amsterdam.

Entrust your business to the professionals of the FINE Development Company: AI, Blockchain, IoT, Kyiv, Lviv, Odessa, Dnipro, Vinnitsa, Ukraine branding studio.