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13 Jul. 2024

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Ukrainian refugees are actively opening businesses in Estonia: important details

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Estonia
Ukrainian refugees are actively opening businesses in Estonia: important details

Since the beginning of the full-scale invasion, Estonia has been actively supporting Ukrainian refugees. In particular, the Unemployment Fund provides financial assistance to entrepreneurs to develop their own business. Learn more about the entrepreneurial activities of Ukrainian refugees in Estonia

Ukrainian refugees are actively opening businesses in Estonia: important details
Ukrainian refugees are actively opening businesses in Estonia: important details
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The Unemployment Fund actively supports Ukrainian refugees who were forced to leave their homes due to the outbreak of hostilities on the part of the Russian Federation. Anyone can apply for financial assistance to start a business in the amount of up to EUR 6,000 per person.


If you need legal advice on doing business, as well as on the specifics of starting your own business abroad, please contact Visit Ukraine's lawyers. Our specialists will answer all your questions, help you solve your immediate problems, and collect, submit and receive the necessary documents. To order a legal consultation or full legal support, please follow this link.


How many Ukrainians have started their own business in Estonia?


In almost 2 years, about 84 thousand euros have been provided to Ukrainian entrepreneurs, and 233 people have received entrepreneurship training through the local Unemployment Insurance Fund.

During the same time, 727 people were deregistered and became entrepreneurs. 14 people started their own businesses with financial support from the Unemployment Fund.


Earlier, we told you that Ukraine has upgraded its economic status to a country with higher-than-average income, according to the new World Bank classification.


The largest number of businesses was launched in the following areas: 

1. Manufacturing;

2. Accommodation and food services;

3. Wholesale and retail trade;

4. Service activities, repair of cars and bicycles;

5. Information and communications;

6. Education and entertainment startups.


The situation is changing rapidly, as the interest of refugees from Ukraine in entrepreneurship is growing rapidly. At the beginning of the war, IDPs hoped for a quick return home. Unfortunately, the reality turned out to be different. Short-term work is no longer in such demand, so more and more refugees with a flair for entrepreneurship are planning to start their own business.




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Assistance for starting your own business in Estonia


The Unemployment Insurance Fund provides financial assistance for starting your own business, the amount of assistance reaches 6 thousand euros per person.

The purpose of such financial support is to help start-up entrepreneurs create a functional and strong company. And ideally, to employ not only themselves but also other employees. 

Statistics show that companies established with the assistance of the Unemployment Fund are strong and have been operating on the market for many years.


New service from Visit Ukraine - business relocation abroad


Our new service includes all the necessary steps and procedures for the successful relocation of your business to another country. We provide full legal support, including preparation of documents, advice on legal aspects, interaction with government agencies and local partners.


Don't miss the opportunity to ensure a stable and successful future for your business. Order our business relocation service today and open new horizons for your company.


We remind you! The full-scale invasion did not prevent foreign investors from developing their business in Ukraine. This demonstrates not only the interest of foreign businessmen in the development of the Ukrainian market, but also their confidence in the potential of the country's economy even during the period of military operations. Read more about the most active foreigners in the business market.


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


Business relocation is a complex process that requires a clear plan and an understanding of the legislative nuances of different countries. Entrust this matter to Visit Ukraine professionals and be sure that your business and finances are in good hands!




Our recommendation for a safe and comfortable trip: 


Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;

Green Card - compulsory car insurance for traveling abroad;

Visit Ukraine Tickets - book tickets for buses, trains, and airplanes to/from Ukraine and between cities around the world;

Private Lawyer service - professional legal support on visa and migration issues;

Visit Ukraine Merch - buy patriotic clothing and accessories with worldwide delivery.




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