Establishing a business in Ukraine can be a rewarding venture, and leveraging the experience of existing networks, particularly for Danish companies, can provide a significant advantage. Key sectors for investment currently include production, subcontracting, commercial activities, real estate, farming, land plot investment, and the resilient IT sector.

Key Advice for Business Starters.

Seek Local Advisors: Always engage a local advisor or consulting firm when starting a business in a new country. This is generally more cost-effective in the long run.

Utilize Established Networks: Danish companies can benefit greatly from joining the Danish Business Association in Ukraine to connect with experienced investors and gain valuable insights.

Explore Financial Support: Options like Impact Fund Denmark and the Export and Investment Fund of Denmark (EIFO) can provide financial assistance and risk mitigation. Partnering with these institutions also grants you an experienced Investment Advisor on your board as an observer, offering valuable local market expertise. EIFO specifically manages the Danish Ukraine Fund, offering loans and guarantees for exports and investments in sectors like agriculture, energy, and health.

Consult Official Channels: The Commercial Department at the Danish Embassy is another excellent resource for guidance and support.

By following these recommendations, you can navigate the Ukrainian business environment more effectively and establish your company on a solid foundation.