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17 Mai. 2024

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Since the beginning of the war, foreigners have established more than 2.6 thousand companies in Ukraine: who most often starts a business

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Since the beginning of the war, foreigners have established more than 2.6 thousand companies in Ukraine: who most often starts a business

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. Learn more about the most active foreigners in the business market

Legal assistance in starting and doing business in Ukraine
Legal assistance in starting and doing business in Ukraine
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Since the start of the large-scale war in Ukraine, more than 2,600 foreign companies have been established. This was reported by the open data platform Opendatabot.


We will tell you which citizens of which countries have started businesses in Ukraine more often and which largest foreign companies in Ukraine were founded after February 24, 2022.


How many foreign businessmen started their own business in Ukraine during the war?


It is noted that in general, citizens from 100 countries invested in Ukraine during the war. In particular, after the start of the full-scale invasion, 2652 companies were established by foreigners in the country. 


Turkish citizens opened the most companies in Ukraine - 13% of the total number of new businesses with foreign beneficial owners. Residents of the republic are listed as owners in 354 Ukrainian companies.  


Uzbek nationals own 274 new Ukrainian companies and account for the second largest number in the ranking - 10% of the total.


Poland ranks third with 193 businesses opened in Ukraine (7% of the total number of companies with foreign owners).


Other countries whose citizens also opened companies in Ukraine include the United States, Kazakhstan, Germany, Azerbaijan, and Israel. It is important to note that one company may have several owners.




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The largest foreign companies in Ukraine that were opened during the war


The leader among the businesses is TENS1MA LLC with an authorized capital of UAH 1.28 billion, founded by a citizen of Armenia.


The second place is occupied by JSC "Closed Non-Diversified Venture Corporate Investment Fund "Yugen" with the authorized capital of UAH 700 million, owned by a US citizen.


The top three is rounded out by LFS LLC with an authorized capital of UAH 300 million, the main owner of which is a Polish citizen.


If you need legal advice on doing business, as well as on the peculiarities of starting your own business for foreigners in Ukraine, 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.


For any additional questions, please contact the Visit Ukraine hotline (Telegram | WhatsApp).


We remind you! From now on, individual entrepreneurs can submit their reports in the tax application. Read more about how to use the tax application and effectively manage your finances 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.




We recommend purchasing it for a safe and comfortable trip to Ukraine: 


Visit Ukraine Insurance – safe travel in Ukraine (insurance covering military risks);

Visit Ukraine Legal advice – comprehensive legal support on entry to Ukraine;
Visit Ukraine Tickets – bus and train tickets to/from Ukraine;

Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;

Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.




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