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05 May. 2024

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Ukrainians break records for opening sole proprietorships: where and what kind of business is registered most often?

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Ukrainians break records for opening sole proprietorships: where and what kind of business is registered most often?

In the first quarter of 2024, a record number of new businesses were registered in Ukraine. The number of sole proprietorships opened over the past three months exceeds the figures for pre-war 2021. Find out what kind of business and in which regions Ukrainians are most active in starting a business

Legal assistance in starting and doing business in Ukraine
Legal assistance in starting and doing business in Ukraine
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According to the Unified State Register, in the first quarter of 2024, Ukrainians opened a record 74,050 new individual entrepreneurs. According to Opendatabot, this is a third more than in the same period in 2023 and 18% more than in pre-war 2021.




We will tell you what kind of business and in which regions of Ukraine is most often opened in the article below. It is worth noting that a serious boom in Ukrainian entrepreneurs has also occurred outside of Ukraine. Read this article to find out how many new businesses Ukrainians registered in Poland in 2023.


We also told you earlier how taxes for individual entrepreneurs changed in 2024 and what to expect in the future.


In which cities of Ukraine do people start new businesses most often?


According to the infographic above, Kyiv is the undisputed leader in the number of new sole proprietorships. In the first quarter of 2024, 10,252 new businesses were opened here, accounting for 13.8% of the total number across Ukraine.


Dnipropetrovska oblast is in second place: 6.8 thousand new sole proprietors were registered here. The third place goes to Kyiv region with 5.7 thousand new businesses. Lviv region (5,582) and Kharkiv region (4,888) round out the top five.






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What types of businesses are most often started in Ukraine?


A quarter (25.7%) of newly registered businesses are engaged in retail trade. According to Opendatabot, this is the most popular area and has been a consistent leader over the past 4 years.


In addition to retail trade, the top areas of activity of new sole proprietors in the first quarter of this year included


– personal services (8.2%)

– IT (7.9%);

– wholesale trade (6.0%);

– information services (5.9%);

– catering and transportation (4.3% each);

– 31.2% of new businesses are in other niches.


If you need expert advice on registering and doing business in Ukraine, please contact Visit Ukraine's lawyers. Our team provides consulting services at the stage of registering your own business, as well as post-registration support, including advice on further business operations, accounting, taxes, and other issues. In addition, you can order a turnkey service for registering a sole proprietorship or LLC in Ukraine, which will include full support at all stages of starting your own business. You can order a legal consultation by following this link.


Do you have additional questions? Contact the Visit Ukraine hotline (Telegram | WhatsApp).


We remind you! Ukraine has adopted a draft law in the first reading that proposes the creation of a so-called white business club. Read what privileges the authorities propose to introduce and which taxpayers are planned to be included in the list in our previous article.


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.






Ihor Usyk is the Head of Legal Department at Visit Ukraine


If you want to start your own business in Ukraine, you can get advice from my colleagues.
Professionals in the field of business law will help with all the nuances and problems.




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