Build your wealth in Ukraine

StartInUkraine focuses on guiding and assisting foreign companies on a daily basis to ensure that they have realistic vision of their potential business in Ukraine as well as they take deliberate and well-thought management decision in Ukraine.

Drawn from our experience with many clients, we have come up with a brief overview of the top 5 success factors for foreign company in Ukraine. When our clients set up a business we tackle these issues in details, guiding the client through the seed stage.

1. A knowledgeable local assistant

You will really benefit and your things will go faster and smoother if you have trusted assistant in Ukraine. He/she will make you familiar with the local features and conditions for doing business. Besides you can always use him/her as your distant hands to solve your practical questions in Ukraine.

2. Massive and frequent communication

Communication really is the key to a healthy relationship. Establish partnerships, listen carefully, share your ideas and keep new connections alive. The regular personal meetings with your potential clients or partners are critical in Ukraine. You are also recommended to keep closely in touch with people responsible for your expansion.

3. Accurate planning

Project “Ukraine” is going to be a serious challenge unless your get prepared to it carefully. You may want to take professional project manager on board. Anyway, you need to set clear goals, secure careful planning and  monitoring of achievements. Once you take final decision to be present in Ukraine,  we urge you to make full-scale business-plan.

4. Sufficiency in resources

You cannot risk with your project success by economizing on everything. Be prepared to spend some money for onsite visit, data collection, initial marketing. Besides, it is crucial that you assign a special person dedicated to the expansion.

5. Good initial knowledge transfer

Whether you want it or not, you are newcomer in Ukraine, who will inevitably meet with many difficulties. You can avoid that by collection information regarding macro environment as well as specific issues, connected with your business purposes. Think first of local experts you may talk to. Also, valuable sources of information can be found on Internet, sometimes, for free.