If you are ready to discover a new market for your business, don’t hesitate to find out about opportunities in Ukraine, you may be surprised. So why choose Ukraine?
Ukraine is one of the largest European countries, with highly fertile soils, bright young minds, great production potential, conveniently located in terms of logistics – in the center of Europe, there is access to the Black Sea with the developed port network.
Today, the country is carrying out many reforms aimed at digitalizing the entire document flow and business registration processes, there are government programs to attract and support international investors.
Since the country is open for cooperation and development of joint international initiatives, there is even a company GT Invest that provides comprehensive support if you decide to open a business in Ukraine.
Here is the list of the most perspective industries and fast-growing markets.
1.IT
Let’s look at some numbers:
In the last year alone, Ukraine has provided IT services worth $5.06 billion.
Today in Ukraine more than 200 thousand of IT-specialists.
About 23,000 new IT specialists are graduated in the country every year.
There are new schools, free online courses, and IT hubs in the capital and regions.
8.3% is a total IT share of Ukraine’s export.
More than 100 companies on the Fortune 500 list used Ukrainian outsourcing services.
There are more than 100 R&D companies that are either owned or partners of such giants as Google, Samsung, Siemens, Huawei.
2.Productions
Due to the new policy of large-scale privatization, many state objects, including production facilities, are on sale and ready for operation.
Production in such areas can be very promising:
- Woodworking industry
- Oil refining
- Agriculture
- Fuel production
- Wine
- Water extraction
- Brickworks
Another option is to build a factory or a plant from a scratch. For example, GT Invest has a partner company – the general construction contractor. The company specializes in sandwich panels, which makes construction works cheap, quick, and guarantees quality.
The big advantage of locating production in Ukraine is the optimal salary, a large number of qualified personnel, low land prices with the prospect of rising prices in the coming years, a simplified taxation system for projects from $ 10 million under the national program “Investment Management”.
3.Real Estate
The real estate market is growing fast, especially in Kyiv – the capital city.
Investment in real estate in Ukraine is an excellent way for preserving and increasing savings.
Those who have already invested are lucky – in 2021 they will receive a yield of 30% per annum.
Those who have not yet invested have a chance to be on time because many developers are slow to react to the situation.
4. Startups
Ukraine is an ideal springboard for startups, thanks to a high concentration of young initiative specialists, a large number of creative platforms, and progressive education.
In recent years, there have been several successful cases, such as:
Reface – a mobile app that allows users to replace a face in a video or GIF in seconds. The application is based on the Generative adversarial network (GAN) technology, which achieves high resolution when generating images. This is the first Ukrainian-made AI application, which took first place at the top of the American AppStore, ahead of Tik Tok, Netflix, and Amazon.
Prometheus – Probably the most famous Ukrainian project of recent years, which has made a revolution in the field of education. Prometheus – an online distance education course platform has become Ukrainian Coursera.
Petcube – launched on Kickstarter in 2012, the company now makes gadgets for pet owners.
Delfast – Another Ukrainian product that was able to raise money on Kickstarter last year to create an electric bike with the longest mileage on a single charge.
GT Invest offers the development of custom software that allows the investor to track any production or business processes online, from anywhere in the world.
5. Online business
The e-commerce market in Ukraine in 2020 grew by 40% up to $4 billion and will grow by 28% in 2021.
Delivery services, taxi, and other transport service applications are also highly profitable business sectors nowadays. The delivery market grew 6-7 times last year in Ukraine.
Food delivery will grow by another 3-4 times due to the growth of digital services.
The delivery market in Ukraine is still small: about 0.3 orders per month per person, compared to 11.5 in South Korea or 4.9 in the UK.
There is no need to talk about competition yet, the Ukrainian delivery market is open to new players.
By combining the above factors, you can be convinced of the number of opportunities that are open to investors who are considering new, unexplored markets as Ukraine.
And companies like GT Invest can become a reliable business advisor and accompany at all stages from research and business registration to strategy development, construction works, hiring personnel and contractors, and make sure the final product is successfully released.
