Is it easy for EU citizens to buy property in Ukraine? Are the investment opportunities good?

With the ongoing conflict with Russia and a high level of corruption, doing business in Ukraine is unlike anywhere else in Europe, so GO SLOW!

Here are some helpful guidelines:

  • Check if the Ukrainian party is registered as a legal entity or entrepreneur (otherwise they cannot effectuate or receive payment).
  • Meet with your Ukrainian partner (and inspect their office/place of doing business) before you sign any agreements.
  • Know your agent! Trust is not enough (background research in state registers on company legal status, bankruptcy status, debtor status, enforcement proceedings status, etc.).
  • Enter into several small contracts instead of one large, long-term transaction.
  • Start small (test) and gradually increase (re-invest profits).
  • Register Ukrainian presence only when absolutely necessary.
  • Always hire a good lawyer to draft/review your agreement to make sure it complies with Ukrainian laws (i.e., do not use standard global forms).

Last, but not least, it is highly advisable to have a person or highly trustworthy contract in Ukraine at all times, monitoring the progress of your transaction.

Article from: www.quora.com/Is-it-easy-for-EU-citizens-to-buy-property-in-Ukraine-Are-the-investment-opportunities-good

5 Answers

With the ongoing conflict with Russia and a high level of corruption, doing business in Ukraine is unlike anywhere else in Europe, so GO SLOW!

Here are some helpful guidelines:

  • Check if the Ukrainian party is registered as a legal entity or entrepreneur (otherwise they cannot effectuate or receive payment).
  • Meet with your Ukrainian partner (and inspect their office/place of doing business) before you sign any agreements.
  • Know your agent! Trust is not enough (background research in state registers on company legal status, bankruptcy status, debtor status, enforcement proceedings status, etc.).
  • Enter into several small contracts instead of one large, long-term transaction.
  • Start small (test) and gradually increase (re-invest profits).
  • Register Ukrainian presence only when absolutely necessary.
  • Always hire a good lawyer to draft/review your agreement to make sure it complies with Ukrainian laws (i.e., do not use standard global forms).

Last, but not least, it is highly advisable to have a person or highly trustworthy contract in Ukraine at all times, monitoring the progress of your transaction.

Here is a longer article on setting up operations in Ukraine

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