Investment framework and opportunities in Ukraine
Procedures Relative to Foreign Investment
- Freedom of Establishment
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In general, foreign nationals can enjoy the same rights as Ukrainian citizens in terms of freemod of investing in the country.
- Acquisition of Holdings
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Foreign companies are restricted from owning agricultural land, producing bio-ethanol, and some publishing activities. In addition, Ukrainian law authorizes the government to set limits on foreign participation in state-owned companies. Furthermore, the gas transmission system, electricity grids, and various plants and factories are precluded by law from private ownership.
- Obligation to Declare
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Before registering their business, non-Ukrainian investors must register with the Office of Immigration in the Ministry of Foreign Affairs and obtain a taxpayer identification number through the State Fiscal Service.
- Competent Organisation For the Declaration
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Ukrainian Ministry of Foreign Affairs
State Fiscal Service
- Requests For Specific Authorisations
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Ukraine is considering a mechanism for foreign investment review for security matters. According to UkraineInvest, foreign direct investments are reviewed on a case-by-case basis by the Cabinet of Ministers if concerns arise, but there is no formal screening process in place at the moment.
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Latest Update: February 2025