Citizens of which countries own businesses in Ukraine?
According to the Unified State Register, as of mid-March 2026, nearly 3,000 companies with foreign owners that file financial reports and have annual revenues of at least 100 million UAH were recorded in Ukraine. Citizens of Cyprus are among the owners of nearly a quarter of these companies. And the largest number of businesses with foreign owners are registered in the capital. Foreigners most often choose the wholesale trade, agriculture, and IT sectors for their companies.
There are currently 2,997 companies with foreign owners in Ukraine. Note that this analysis examined companies with revenue of at least 100 million UAH according to their 2025 financial statements.
Nearly a quarter of the companies have owners from Cyprus—694 companies. Next are German citizens—they are represented in 300 companies—and the United States—292. Following are the Netherlands (239 companies), the United Kingdom (224), Austria (187), and Poland (146). It is worth noting that a single company may have multiple owners.
It should be noted that Cyprus and the Netherlands have long remained key “hubs” for structuring Ukrainian businesses.
Nearly half of all companies with foreign owners—1,478 businesses—are registered in Kyiv. Next are Lviv and Kyiv regions—223 in each region. The fewest such businesses are in the frontline regions of Kherson and Donetsk.
More than a quarter of all foreign-owned companies operate in wholesale trade—774. Another 268 companies are in agriculture and 176 in IT.
https://opendatabot.ua/analytics/foreigners-business-2025-12
