Ukraine is now one of the leaders in IT outsourcing in Europe as its tech ecosystem is going to be 8.4$ B of industry export volume in 2025. Ukraine has really good tech education with 200 000 talented IT specialists. Ukrainian software developers are one of the best specialists in the world and take 5th place among the stronger IT developers due to their strong knowledge in the main disciplines and outstanding English speaking skills (70% have upper-intermediate level).
No surprise that such giants as Microsoft, Samsung, and Apple prefer to hire Ukrainian developers to create new world-changing technologies.
In this article we are going to review multiple reasons why hiring Ukrainian developers is one of the best investments in your business.
More than 200 000 IT specialists
More than 36 000 new specialists every year
400 universities and colleges offer IT-related fields for students. Due to this, more than 36 00 students graduate with such degrees.
Local IT companies cooperate with colleges and universities to create special programs for students.
1500+ Software Development Companies
The number of fast-growing IT companies in Ukraine is constantly growing. All of them offer basically all kinds of services such as web and mobile development, quality assurance, R&D service, and much more.
What’s more surprising – most of them succeed. 18 outsourcing companies in Ukraine appear in the top 100 best outsourcing companies in the world.
More than 2 000 startups in progress
Global IT giants are constantly showing interest in Ukrainian startups e.g. Google purchased Viewdle – a facial recognition company, Snapchat has acquired Looksery – a real-time facial modification app, and Oracle has bought Maxymiser – a Ukrainian provider of cloud-based software marketers.
Startups prosper and develop in Ukraine and global IT leaders recognize it. Ukrainian companies have more investors than their regional neighbors like Warsaw or Vienna.
Business relationships with Europe are stronger than ever. As a result, the total venture capital investment in Ukrainian startups reached US$258 million in 2017 and US$336.9 million in 2018 and has been growing all the time.
110+ Multinational R&D Centers
Ukraine’s economy is quite innovative, so more than 110 R&D centers settled down here such as Microsoft, Apple, or IBM.
Brisk and open-minded community
There are a lot of conferences and events where developers can learn new things and share their experience with their colleagues. According to developers.org.ua, more than half of developers attend and enjoy such events.
Larger events in bigger cities gather thousands of people. Also, plenty of events take place in smaller cities all the time.
Such conferences are the platforms for international speakers from all over the world.
The vast majority of Ukrainian developers speak English
It is reported that more than 80% of IT specialists in Ukraine speak intermediate English. Furthermore, almost all companies offer free English classes to increase and improve developers’ levels.
The ethics that are used in the companies are very the same used in European companies. Ukrainian developers don’t just perform what they’re told, they are fully immersed in the work process. They are incredibly open-minded and improve their skills out of work reading educational material and taking part in IT events.
Reasonable outsourcing rates
Ukraine offers more competitive outsourcing rates with more specialists on the market compared to its neighbors. The average hourly rate for software development is within the $25–50 range, with the average software developer salary between $1,400 and $3,300 per month (excluding taxes and social contributions). One should admit that these rates might seem quite high in comparison to other countries that provide IT outsourcing. But anyway they are still much lower and profitable than in Western Europe or North America. There, a software developer’s service may cost $ 100 or more.
Complimentary business climate
From year to year, Ukraine is improving its international relations and creating a really prosperous environment where business feels to be growing and developing.
The GDP in this country is constantly growing. The Ukrainian government cancels outdated regulations, supports inventions and initiatives, enhances corporate governance of state agencies and privatization, and much more. Besides Ukraine has improved its position in World Bank’s rate having moved to 32nd position. The tax system is also much easier now. The rate is 22% for the Unified Social Contribution tax paid by employers (which replaced the previous rates ranging from 36,76% to 49,7%). All these circumstances let the IT business in Ukraine seem attractive as never before.
Perfect time zone
The fact that Ukraine is 1 hour ahead of Europe makes nearshoring very convenient. Also, the teams that work separately can have smooth and effective communication.
If you need to get to some European IT city from Ukraine, it won’t take more than 3-4 hours.
Even though the USA is very far away from Ukraine, Ukrainian airlines can offer a direct flight from Kyiv to New York for 480 euros which is a really democratic price for such a distance. These factors allow the developers to be in touch with their clients.
A few holidays
There are only 11 public holidays when in other European countries there are more than 13 days. It means more time will be devoted to working.
No severe procedures for getting a visa
It is very easy for foreigners to start working in Ukraine. Moreover, Ukraine is located on the border of Asia and Europe that makes this country a great place for establishing a management center to control your business in this region.
The Ukrainian government is used to working with foreign companies. So there are regulations to make any problems solved in a friendly manner if some issue between a company and a client arises.
To summarize, no country in the world can offer more profitable and attractive conditions for foreigners to co-work with, especially in the IT area. Savvy-tech, professional, and highly educated software Ukrainian engineers are the best choice for your business. The worldwide IT companies flow to Ukraine to set up new projects. If all foregoing reasons can’t persuade you then probably nothing can. Hence, you definitely should have a look at this main Western-European IT giant.