Now one more category of Ukrainians will be able to get a grant to start their own business. Find out who and how can open their own business, and how much the state allocates for it

Comprehensive legal support of grant projects

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Ukraine has decided to expand the list of those who can receive a grant to start their own business under the ‘Own Business’ programme. We will tell you who can now receive funds and how to apply.

The Own Business programme has been expanded

From now on, young entrepreneurs under the age of 25 will be able to receive grants of up to UAH 150,000 with the obligation to register as a sole proprietor. At the same time, they will not be required to create jobs, according to the Ministry of Economy of Ukraine.

In three years, such entrepreneurs will be able to receive another grant from the state under the ‘Own Business’ programme on general terms and conditions in the amount of up to UAH 250,000 and an obligation to create at least 2 jobs.

In addition, spouses and husbands of fallen soldiers can now receive grants of up to UAH 500,000.

The list of grant recipients has also been expanded to include wine producers and entrepreneurs operating in the area of active hostilities.

Another innovation is that entrepreneurs have been allowed to lease water bodies and buy aquaculture for breeding them with grant funds.

How many entrepreneurs have already received grants?

Over the two years of the ‘Own Business’ programme, entrepreneurs have received 20,000 grants from the state for business development worth UAH 4.6 billion. As a result, they have created more than 38,000 new jobs. 

‘Entrepreneurs from Kyiv, Lviv and Rivne regions are the most active users of the ‘Own Business’ programme.

How to apply for a grant online and offline?

To apply online

1. Register or log in to the citizen's account using BankID or an electronic signature.

Please note: if you are a sole proprietor or a legal entity, you must use the key of the sole proprietor or the head of the legal entity from the company's EDRPOU.

2. Fill out the online application and attach the business plan in the prescribed form. You can download a sample on the Diia portal.

3. Sign with an electronic signature and submit the application.

If your application has been approved, you need to know some important nuances. We wrote about them here.

Submitting an application offline

If you need advice on the programme, please contact your nearest Oschadbank branch.

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What should the applicant do after submitting the application?

The State Employment Centre will review the application within 15 working days after the deadline for submitting grant applications. Diia will notify you of the result. If the State Employment Centre approves your application, contact Oschadbank within 20 working days to open an account and sign a microgrant agreement.

Legal support for grant business from Visit Ukraine

Receiving a business grant can be a great opportunity to grow your business. However, the process of applying and preparing all the necessary documents can be complex and time-consuming. To ensure the success of your application, it is important to have reliable legal support. Our lawyers will help you at every stage, from choosing the right grant to preparing your business plan and documents. Trust the professionals to get a grant quickly and without unnecessary hassle.

The ‘Legal support for grant business’ product provides a comprehensive approach and includes:

1. Choosing a grant for business: Assistance in choosing the best grant for your business.

2. Analysis of grant requirements and conditions: Assessment of your business's compliance with the requirements of grantors.

3. Writing a business plan: Professional preparation of a business plan for the application.

4. Filling out the grant application and preparing the project budget: Comprehensive completion of all necessary documents.

5. Preparation and approval of documents with the donor: Everything you need to implement the project.

6. Legal and tax support during project implementation: Ensuring compliance with all legal and tax requirements.

7. Interview support: Preparation and support during interviews with grantors.

Ensure the success of your business grant with the professional support of Visit Ukraine's lawyers. Contact us today and we will help you go through all the stages of the process quickly and efficiently!

You can order legal support by following this link. For more information, please contact us via Viber, WhatsApp, Telegram at +380938392984.

We remind you! The Minister of Digital Transformation of Ukraine Mykhailo Fedorov has announced that some Ukrainian students will be able to receive grants to pay for university education. Read more about the details of the new pilot project here.

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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