General overview.
At present, Eastern Europe countries are one of the most attractive direct and portfolio investment destinations with exciting opportunities for business development and expansion. Among these countries Ukraine for sure is one of the leaders due to a number of reasons:
- Ukrainian soil is the richest in the world (great opportunities for agricultural business);
- Ukraine has very tender and agro-friendly climate (no tornado, tsunami, deserts, dangerous insects, natural disasters);
- Ukrainian workers are skilled and lower-paid comparing to highly developed countries;
- Ukrainian market is huge – around 50 million consumers;
- Ukraine has extensive well-developed infrastructure (transportation, communication, hotels, etc);
- Ukraine is a net exporter of electricity (entrepreneur may save a lot on electricity though);
- Ukraine enjoys great discount on gas from Russia (gas price in Ukraine is much lower than in the EU);
- Ukraine enjoys very favourable location (between Europe and Asia, North and South Europe) and geographical proximity to the EU market;
- Ukrainian income and corporate taxes are the lowest in Europe (you can also switch to flat tax);
- Ukrainian environmental protection laws are very liberal comparing to highly developed countries;
- Ukrainian economy is steadily growing up to 6% from year-to-year;
- It is expected that Ukraine will join the WTO at the beginning of 2008.

 

 

Conclusion
Today Ukraine is one of the world’s highly competitive & emerging markets and experts believe that in years to come its economy will be among the strongest in the whole CIS and Eastern Europe region. Thus, if you want substantially reduce your business costs and be ahead of your competitors, invest in Ukraine.