When thinking of outsourcing to Ukraine one of the factors a person has to consider is the country legal and judicial system. Ukraine has one of the best and independent judicial systems in Europe. The country enjoy financial, legal and also constitutional freedom as guaranteed by the law in the year 2002. This is one of the many factors that encourages out sourcing to Ukraine.
Due to their good educational system, Ukraine has emerged as one of the best country providing high technological goods and transport services. The literacy rate in Ukraine is 98% due to compulsory secondary education to all students in Ukraine. Their educational system facilitates growth and development of various talents, as well as a highly skilled labor force. Since the Ukrainian economy hasn’t kept pace with educational advancements, there are many unemployed people and especially the youth who produce cheap labor making outsourcing to Ukraine cheap and affordable.
Government Policy
Ukraine has seen numerous changes in government policy. In the past Ukraine was under Soviet Union, which was a Communist form of government. Since the splitting of USSR at the end of cold war, Ukraine has embraced capitalist economic status. This has contributed to good cooperation between Ukraine and other nations. Additionally, the government of Ukraine has put through legislation to attract business to Ukraine.
Economic incentives include tax reduction especially for those organization performing offshore outsourcing. This measure has made a big positive impact to outsourcing to Ukraine because it helps to reduce production cost. The government of Ukraine has also embarked on massive campaign of advertising Ukraine as the best outsourcing destination in Europe and also providing subsidies to organization performing outsourcing of transport and communication goods and services.
Solid Infrastructure
Ukrainian government has invested lot in infrastructure, especially communication. The establishment of fiber optic Internet technology helps to perform online business. Good roads, air transport, water transport and railway transport facilitate near shore and offshore outsourcing.
Ukrainian laws enhance data and intellectual property security thus protecting any outsourcers from loss of data or any other inventions. This has worked well in building trust between clients and customers.
As our world changes towards globalization, every organization should consider outsourcing to be part of global world and the best way is to consider outsourcing to Ukraine for high quality goods and services.
Ukraine War Update
While outsourcing to the Ukraine may seem unrealistic right now, it is one of the best ways to get money to the people on the ground. Workers are largely cut off from the local economy in many areas so remote work is one of their only options.
