In which countries do Ukrainians most often register companies?

Ukrainians continue to actively enter international markets, opening companies abroad — both to optimise business processes and expand their activities. Find out which countries are most attractive to Ukrainian entrepreneurs

Legal advice on business issues

GET

According to the State Tax Service of Ukraine, Ukrainian taxpayers continue to actively open companies abroad. This information was confirmed by the results of the reporting campaign on controlled foreign companies (CFCs) for 2022–2024. During this period, more than 58,000 reports were submitted, of which almost 20,000 were submitted in 2024 alone.

💡 Planning to start a business abroad but don't know where to start?

Trust the professionals - Visit Ukraine's lawyers will help you set up your business quickly, legally, and without any hassle!

Who submits CFC reports most often?

Of the 17,173 controllers who submitted reports, the vast majority were individuals (98%). Only 2% of reports were submitted on behalf of legal entities, confirming the high level of interest among private entrepreneurs and investors.

Don't want to miss important updates and useful articles? Subscribe to our weekly newsletter!

Where do Ukrainians most often register their businesses?

An analysis of the reports shows the countries where Ukrainians most often set up their companies:

▪️ Poland is the absolute leader with 23% of all reports. This is explained by both geographical proximity and attractive conditions for small and medium-sized businesses.

▪️ Cyprus, the United States and the United Kingdom — 10% of reports for each country. These jurisdictions are traditionally popular due to their flexible tax regime, legal protection and convenient infrastructure for international operations.

▪️ Estonia — accounts for 9%, largely thanks to the e-Residency system and the possibility of remote business management.

▪️ Other countries — account for 38%, indicating the wide geographical distribution of Ukrainian entrepreneurs' interests.

How much tax do CFCs declare?

Over the three reporting years, Ukrainian controllers declared 4.9 billion hryvnia in taxes payable. Almost 2.9 billion hryvnia of this amount fell on 2024, which may indicate an increase in transparency and involvement in official reporting under CFCs.

Starting a business abroad can be simple and affordable if you turn to specialists. With Visit Ukraine you get:

• Consultations based on local legislation;
  
• Preparation of all necessary documents without stress;
  
• Individualized support at your request;
  
• Saving time and resources.
• 
  

Entrust the start of your business to professionals! Submit a request for support from Visit Ukraine today - take the first step towards successful business abroad!

Reminder! Ukrainians are choosing the path of entrepreneurship by creating their own companies or opening representative offices of existing businesses to enter the international market. Find out what businesses Ukrainians most often open in Poland, what areas of activity are popular, and which brands are well known.

Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.

Our recommendation for a safe and comfortable trip: 

Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;

Green Card - compulsory car insurance for traveling abroad;

Visit Ukraine Tickets - book tickets for buses, trains, and airplanes to/from Ukraine and between cities around the world;

Private Lawyer service - professional legal support on visa and migration issues;

Visit Ukraine Merch - buy patriotic clothing and accessories with worldwide delivery.

© 2018-2025, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.

All rights reserved.