{"id":563144,"date":"2024-06-07T16:53:57","date_gmt":"2024-06-07T13:53:57","guid":{"rendered":"https:\/\/eba.com.ua\/?p=563144"},"modified":"2024-06-07T17:08:54","modified_gmt":"2024-06-07T14:08:54","slug":"bdo-v-ukrayini-provela-vebinar-shhodo-biznes-mozhlyvostej-dlya-kanadskyh-kompanij-v-ukrayini-klyuchovi-vysnovky","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/bdo-v-ukrayini-provela-vebinar-shhodo-biznes-mozhlyvostej-dlya-kanadskyh-kompanij-v-ukrayini-klyuchovi-vysnovky\/","title":{"rendered":"[:ua]BDO \u0432 \u0423\u043a\u0440\u0430\u0457\u043d\u0456 \u043f\u0440\u043e\u0432\u0435\u043b\u0430 \u0432\u0435\u0431\u0456\u043d\u0430\u0440 \u0449\u043e\u0434\u043e \u0431\u0456\u0437\u043d\u0435\u0441-\u043c\u043e\u0436\u043b\u0438\u0432\u043e\u0441\u0442\u0435\u0439 \u0434\u043b\u044f \u043a\u0430\u043d\u0430\u0434\u0441\u044c\u043a\u0438\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0456\u0439 \u0432 \u0423\u043a\u0440\u0430\u0457\u043d\u0456: \u043a\u043b\u044e\u0447\u043e\u0432\u0456 \u0432\u0438\u0441\u043d\u043e\u0432\u043a\u0438[:en]BDO in Ukraine held a webinar on business opportunities for Canadian companies in Ukraine: Key Takeaways[:]"},"content":{"rendered":"

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BDO in Ukraine<\/a>, in collaboration with the Canada-Ukraine Chamber of Commerce<\/a>, successfully conducted an extensive webinar focused on exploring business opportunities in Ukraine for Canadian companies. The event provided insightful perspectives on the economic climate, infrastructure challenges, and the potential for investment and collaboration.<\/p>\n

This event<\/a>, moderated by Mark Vytvytskyy, Vice President of the Canada-Ukraine Chamber of Commerce<\/strong>, offered a comprehensive overview of the current economic conditions and future prospects. Having highlighted the significance of international support, Canadian speakers showcased how collaborative efforts are essential for Ukraine\u2019s reconstruction and modernization. Additionally, the destruction caused by the war has opened vast opportunities for rebuilding, making this event essential in informing Canadian businesses about these opportunities, particularly in\u00a0 construction, technology, and energy sectors. Providing real-time business experiences and practical advice on navigating the Ukrainian market helped participants understand the practicalities of doing business in Ukraine.<\/p>\n

According to Andrii Borenkov, Head of Advisory at BDO in Ukraine<\/strong>, Ukraine showcasing its potential for economic recovery, as despite the war, Ukraine’s GDP is expected to grow by 3.2% in 2024. He mentioned that destruction of energy infrastructure has been significant, but international support, including from Canada, has been crucial in repairs and decentralizing the energy system. This has created new opportunities for investment in renewable energy and innovative solutions.<\/p>\n

Intense battle actions are ongoing in the East and North-East<\/p>\n

Big cities apply stabilization schedules for commercial and private consumers<\/p>\n

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Zenon <\/strong>Potichnii, President of CUCC<\/strong>, emphasized the importance of Canadian expertise in<\/p>\n

Ukraine’s recovery process. He highlighted that the modernization of the Canada-Ukraine Free Trade Agreement (CUFTA) facilitates collaboration and investment opportunities for Canadian companies. \u00a0Mr. Potichnii announced various initiatives aimed at promoting trade and investment between the two nations, including a successful project that significantly boosted Ukrainian exports to Canada and key events like the conference “Rebuilding Ukraine” and the UCANPRO\u200b online portal.<\/p>\n

During the event, we also discussed business opportunities in Ukraine, where Vira Savchenko, CEO of BDO in Ukraine<\/strong>, presented valuable resources such as the Investment Opportunity Map of Ukraine<\/strong>, the Investor\u2019s Guide<\/strong>, and the Procurement Guide<\/strong>. Additionally, Vitaliy Strukov, Corporate Finance Partner at BDO in Ukraine<\/strong>, shared examples of projects requiring investments, including the United Mining and Chemical Company (UMCC) and a Wind Electric Station.<\/p>\n

Of course, we couldn\u2019t ignore one of the main topics for those considering business in Ukraine \u2013 legal and tax regulations. We invited Victor Nevmerzhitsky, Tax Partner at BDO in Ukraine<\/strong>, to shed some light on this topic. Mr. Nevmerzhitsky provided a brief overview of the tax system in Ukraine, highlighting special tax regimes. For instance, there is a 5% turnover tax for private entrepreneurs, which is widely used for contracting IT specialists, and agricultural businesses may pay a low tax (approximately 1% of the agricultural land value) instead of corporate income tax. Furthermore, he\u00a0 provided details on Diia.City<\/strong>, which offers IT companies one of the best tax systems in Europe, flexible forms of cooperation with professionals, common legal tools for venture capital, and tax incentives for investments. As it is crucial for any business to stay informed about the regulatory environment in Ukraine, Victor Nevmerzhitsky advised working closely with local legal and advisory firms to navigate the complexities of Ukrainian regulations.<\/p>\n

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At the event, we also had the honor of welcoming Sherif Nagi, Senior Trade Commissioner at the Embassy of Canada in Ukraine<\/strong>. Mr. Nagi discussed the ongoing efforts to stabilize Ukraine’s economy and the role of international financial aid. He pointed out that the banking system in Ukraine remains profitable due to substantial international financial aid and that the economy is projected to grow by 5% in the coming years, despite the challenges. He emphasized that continued support from international partners is essential for Ukraine’s economic and social stability.<\/p>\n

To provide details on how to manage possible risks, we invited Olga Vovk, Senior Regional Manager – Europe, Export Development Canada (EDC)<\/strong>, to share more information with participants. Key takeaways from Olga’s presentation are as follows:<\/p>\n