Προφίλ συναλλασσόμενης χώρας Ουκρανία

Setting up a company | FDI in figures | Why you should choose to invest | Procedures relative to foreign investment | Finding assistance for further information

Setting up a company

Types of companies and capital (max/min)	Number of partners/shareholders and liability
Private Limited Company Minimum: around EUR 81.82	No minimum. Max: 10 Limited to capital
Public Limited Company Minimum: around EUR 89,600	No minimum nor maximum Limited to capital

Business setup procedures

Setting up a company	Ουκρανία	Eastern Europe & Central Asia
Procedures (number)	10	6.3
Time (days)	27	16.3

πηγή: Doing Business.

For further information: Consult Doing Business Website, to know about procedures to start a Business in Ukraine.
Business Support Department
The competent organization: The formation of a company with foreign shareholding has to be registered with the local administration where the headquarter of the company being formed is situated.
It is also necessary to register with the Minisry of Foreign Relations and Trade.

FDI in figures

Foreign Direct Investment	2008	2009	2010
FDI of inward flow (millions USD)	10913	4816	6495
FDI inward stock (millions USD)	46997	52021	57985
Performance Index*, ranking on 141 economies	47/141	45/141	-
Potential Index**, ranking on 141 economies	48/141	-	-
Number of Greenfield investments***	125	92	-
FDI inwards (in % of GFCF****)	22.9779466816972	25.9317366551562	-
FDI stock (in % of GDP)	26.110645187626	44.3095259795347	-

πηγή:

Note: * The UNCTAD Inward FDI Performance index is based on a ratio of the country's share in global FDI inflows and its share in global GDP. ** The UNCTAD Inward FDI Potential index is based on 12 economic and structural variables such as GDP, foreign trade, FDI, infrastructures, energy use, R&D, education, country risk.*** Green field investments are a form of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up. **** Gross fixed capital formation (GFCF) measures the value of additions to fixed assets purchased by business, government and households less disposals of fixed assets sold off or scrapped.

Why you should choose to invest Ukrainia

Strong points: The country's main strong points are:
- One of the biggest markets in Europe with 47 million consumers;
- The most dynamic GDP growth in Europe;
- A very good education system. The Ukraine is placed fourth in the world, in terms of specialists with diplomas in the high-tech sector;
- A strategic geographical positioning, the country being situated at the entry of Europe, Russia and Asia;
- The emerging middle class estimated at 20% of the population;
- The presence of investors such as Kraft Foods, Coca-Cola, Hewlett Packard, Cargill, Knauf, Raiffeisen Bank, Credit Agricole and many others; and
- The strengthening and reforms of the banking sector's.
Weak points: The country's weak points are:
- The small amount of support given to foreign investors by the law;
- The weakness of the national oil company, Naftogaz's, financial situation and the country's permanent risk of being unable to pay its gas bill;
- The drop in industrial production in 2009;
- A high rate of inflation;
- Political instability;
- Endemic corruption.
Government measures to motivate or restrict FDI: Following the orange revolution, investment friendly reforms have allowed for the considerable increase of FDI. In effect, the government wishes to strongly attract foreign investors. Except for certain key sectors like banking and telecommunications, most sectors are entirely open to FDI.
Bilateral investment conventions signed by Ukrainia: The Ukraine has signed 64 investment protection bilateral agreements, namely with the United States and most of the OECD and the CIS countries.

Procedures relative to foreign investment

Freedom of establishment: The administrative formalities depend on the form of company to be created. The Ukrainian agency for the promotion of foreign investment allows you to get information about the authorizations necessary for setting up business.
Acquisition of holdings: The legislation provides for the possibility of creating a Ukrainian company with foreign investment in a Private Limited Company, in a joint-stock company, or in a 100% subsidiary form, and regulates their constitution and running. Acquisition of holdings in an existing company, especially within the ongoing privatization programme, is subject to the same legal procedures but requires approval from the State Assets Funds.
Obligation to declare: The agency for the promotion of foreign investment in the country allows you to get information about the authorizations necessary for setting up business.
Competent organization for the declaration: Ukrainian Ministry of Finance
Requests for specific authorizations: All companies active in the sectors of banking, insurance, security, pharmacy, and the production of alcohol must obtain a State license.

Finding assistance for further information

Investment aid agency: Ukraine Gateway
Ukrainian investment promotion agency
The State Agency of Ukraine for Investments and Innovations
Other useful resources

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