Citizens of which countries own businesses in Ukraine: a complete list
25 March 10:19
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 hryvnias were registered in Ukraine. In a quarter of these companies, the owners are Cypriot citizens. The largest number of businesses with foreign owners are registered in the capital. Most often, foreigners choose the wholesale trade, agriculture, and IT sectors for their companies.
This is reported by "Komersant Ukrainian" citing data from ” OpenDataBot.”
Citizens of which countries own businesses in Ukraine
It is noted that there are currently 2,997 companies with foreign owners in Ukraine that had revenue of 100 million UAH or more according to financial statements for 2025.
Nearly a quarter of the companies—694—are owned by Cypriots. German citizens rank second, with 300 companies, followed by the United States with 292.
Next are the Netherlands (239 companies), the United Kingdom (224), Austria (187), and Poland (146). Analysts note that a single company may have multiple owners, and Cyprus and the Netherlands have long remained key “hubs” for structuring Ukrainian businesses.
Every second company with foreign owners is registered in Kyiv
According to OpenDataBot, 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.
As a reminder, according to financial reports from Ukrainian companies for 2025, the top earners were companies in the energy sector, wholesale and retail trade, and the manufacturing industry. Last year, the highest revenues were generated by businesses in Kyiv and the surrounding region, Dnipropetrovsk Oblast, and Lviv Oblast.
