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.
For over ten years, the Ukrainian government banned gambling of any form in the country. However, in 2020 the ban was overturned, and gambling resumed. The Gambling and Lotteries Regulation Commission is in charge of the regulations that guide all gambling houses and casinos. The gambling industry is up and running and has become very successful.
Ukraine acquires the bulk of its fossil fuel through importation. To minimize the cost of these imports and to create employment within its homeland, the government established renewable energy production plants. This also led to the production of biogas.
The most common company type in Ukraine is the Limited Liability Company (LLC). Over 650,000 registered companies use this business structure. The reason for the popularity of this business form is attributed to its smooth registration procedures. The processes are as simple as ABC.
Over the last few years, Ukraine has made an effort to simplify its laws on starting and operating a business within its jurisdiction. Its efforts saw it ranked the 52nd easiest country to start a business, out of 190 countries.
Before you set up a business, you need to seek legal advice as well as understand the types of companies in Ukraine.
Limited Liability Company
