Ukraine may be the perfect destination for outsourcing software development. This State is one of the global leaders in IT, with many expert programmers and software development companies. According to analysts, in 2021 alone, there are an estimated 180 thousand specialists and about 166 thousand I.T companies in the country.
Among the businesses you can start in Ukraine are drop shipping, affiliate marketing, online tutoring, blogging, app development, content creation, graphic designing, translation services to mention but a few. Let’s take a deeper look into some of these businesses.
In Ukraine, franchising is a fairly novel concept that is quickly gaining momentum. In the last couple of years, this business has seen considerable quantitative success. The most booming franchise outlets are Nasha Ryaba, which has more than 2,500 outlets; Gavrilisky Kurchata, with more than 600 outlets; and Fornetti, with about 500 outlets.
Ukraine's foreign investment climate is now more lucrative, thanks to the Law on "State Support for Investment Projects with Significant Investments in Ukraine." The government passed this law on February 13th, 2021. Its objective is to create a conducive business environment for high-value foreign investment in Ukraine. Foreigners will now invest in various sectors of the Ukrainian economy as partnerships, joint-stock companies, or wholly-owned subsidiaries.
If you consider migrating to Ukraine, obtaining a temporary residence should be on top of your priorities. A temporary residence permit (TRP) allows foreign nationals to reside within Ukraine for a stipulated period legally.
Ukraine has a thriving economy, and job opportunities often arise. Once a foreign national is considered suitable for a position, the next step would be to acquire a work permit. The potential employer primarily makes applications for work permits. The employee, however, needs to be aware of the requirements to avoid falling short. This article seeks to highlight the basic requirements for a work permit application in Ukraine.